BUSINESSES CAN PRODUCE SOCIAL WEALTH, SAYS POPE

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Business can be viable and produce ‘social wealth’ if business people and managers are guided by a far-sighted vision, the Pope said.

Pope Benedict asked industrialists in Rome to adopt long-term investment instead of speculative profit, and promote innovation rather than thinking only to accumulate wealth, H20 reported.

The Holy Father added that development, in whatever sector of human existence, also means openness to the transcendent, to the spiritual dimension of life, to trust in God, to love, to fraternity, to acceptance, to justice and to peace.

Pope Benedict mentioned that people need to ask about the coherence between the goals for which they strive and the means they use.

He added that to face the economic crisis, people must focus on social enterprise, on human capital and the ability to network, as well as moral behaviour and being attentive to local needs.