image47.jpg

The globalization of the economy

smaller text tool iconmedium text tool iconlarger text tool icon

Vatican City (CCCB) — Archbishop Henri Goudreault, O.M.I., of Grouard-McLennan , in an intervention at the Synod of Bishops' Special Assembly for America, says "the race for profits in our world has put the human person at the service of the economy, when the economy should be at the service of people."

"Governments are having to compete with one another," he said, "in order to offer the financial giants ever greater advantages and guarantees."

Archbishop Goudreault was intervening on behalf of the Canadian Conference of Catholic Bishops in response to No. 28 of the Instrumentum Laboris dealing with the economic sphere as an aspect of today's society requiring conversion.

"The globalization of the economy by multinational corporations is now a reality," he said. "Two hundred multinational corporations control more than a quarter of the world's economy, and the Multilateral Agreement on Investment (MAI) currently being negotiated will give these corporations even greater freedom and power."

Archbishop Goudreault said the price being paid for this involves heavy costs in employment, the environment, natural and human resources and culture.

In concluding his presentation, the Archbishop listed five possible actions that could be taken on this question:

  • educating people about the social teachings of the Church;
  • governments to cease being puppets in the hands of the financial giants;
  • encouraging NGOs (non-governmental organizations) such as the Canadian Catholic Organization for Development and Peace to use their bargaining force;
  • encouraging strong labour unions that will demand humane working conditions;
  • and in the spirit of the Great Jubilee of the Year 2000, considering the partial or total forgiveness of the debts of poor countries.

Archbishop Goudreault indicated the forgiveness of debts is a complex question that demands expertise and will probably have to involve several different approaches.


For More Information Contact:
Deacon William Kokesch
Director, Communications Service

 

Last Updated on Sunday, August 06 2006  
The Holy See
Canadian Centre for Ecumenism
Catholic Organization for Life and Family
opm
Salt + Light
wydcanada en quicklink DP EN Quick   





DonateNow
Amoris Laetitia Reflection Guide
2018WeekofLifeandFamily EN
WMOF2018-Dublin-Ireland
184-940K EN
Confirmation3D
Euthanasia EN
life-giving-en
criteria
indigenouspeoples
lifeandfamily
sexabuse2015en

dyk4

In parishes across the country, masses are celebrated in at least 37 languages.