Pope Francis Denounces Voracious, Shortsighted Economic Model Premised on Unlimited Growth

Here are some highlights from Pope Francis’ speech earlier this month on the prevailing economic model:

The precarious condition of our common home has been the result largely of a fallacious economic model that has been followed for too long. It is a voracious model, profit-oriented, shortsighted, and based on the misconception of unlimited economic growth. Although we frequently see its disastrous impacts on the natural world and in the lives of people, we are still resistant to change….

Each and every person is precious before God’s eyes and his or her fundamental human rights are sacred and inalienable, irrespective of one’s social or economic status. Attention for the safety and wellbeing of the people involved in mining operations as well as the respect for fundamental human rights of the members of local communities and those who champion their causes are indeed non-negotiable principles. Mere corporate social responsibility is not sufficient. We need to ensure that mining activities lead to the integral human development of each and every person and of the entire community….

The promotion of a circular economy and the “reduce, reuse, recycle” approach are also very much in consonance with the Sustainable Consumption and Production Patterns promoted by the 12th Sustainable Development Goal of the United Nations. Moreover, religious traditions have always presented temperance as a key component of responsible and ethical life style. Moderation is also vital to save our common home.