Pope Francis speaks on business and work at Genoa steel mill

On May 27, Pope Francis visited Genoa’s ILVA steel works, addressing managers, steelworkers, and unemployed members of the community about Christian values and business operations. Francis praised Christian business leaders who treated workers with justice and respect, but feared that creative entrepreneurship was giving way to speculation. Crux reported:

“An illness of the economy is the progressive transformation of businessmen into speculators,” Francis said. “A speculator is a figure similar to what Jesus in the gospels called “money-changers” as opposed to pastors. He doesn’t love his company or his workers, but they’re solely a means for making profits. He fires people, relocates the company, because it’s instrumentalized and eats up people and products.”

The Pope also insisted that work is essential to human flourishing, so we must address technological unemployment in a way that preserves work for all, not just income. As Vatican Radio summarized:

“It is necessary, therefore, to look fearlessly and a sense of responsibility on the technological transformations of the economy and of life, he said, “without resigning ourselves to the ideology that seems to be gaining a foothold wherever one looks, which envisions a world in which only a half or maybe two-thirds of employable people actually work, and the others maintained with a welfare cheque.”

“It must be clear,” Pope Francis continued, “that the true objective to reach is not ‘income for all’ but ‘work for all’.”

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