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Papanomics: Francis called for a new economic model

20 2 13

Analysis. ‘Things cannot go on the way they are. The present world system is certainly unsustainable from a number of points of view and is harming our sister earth.’ Philanthropy is not enough. The poor must become protagonists.

written by Luca Kocci

November 26, 2020

The current world economic system is ”unsustainable” because it produces environmental damage and causes exclusion and poverty. Solidarity is not enough, we need a “change” in “lifestyles” but also in “production and consumption models.”

From Assisi—where, a month and a half ago, the pope issued the social encyclical Fratelli tutti (Brothers All)—comes a new appeal for another model of development that would place at the center not the profit of the few, but human life, the environment and the common good of everything and everyone.

The context was the international summit by videoconference, but the “direction” was to be found in the city of St. Francis, among 2,000 young economists (but also entrepreneurs and economic operators) under 35 years old from 115 countries across the world, entitled—admittedly with a somewhat excessive personalistic emphasis—“The Economy of Francesco. Young people, a........

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