While we await Pope Benedict’s first social encyclical, it has been interesting to note what he has been saying on globalization and other socio-economic issues affecting the world today. None of these amounts to a magisterial statement but there are nonetheless clues to his social thought.

So that makes his address to the Centesimus Annus pro Pontifice Foundation noteworthy. The Pope spoke about the current state of globalization, reminding the audience that the aim of economic development must serve the progress of man.

Benedict stressed mercial interests must never e so exclusive that they damage human dignity. He expressed the hope that the process of globalization which has so far affected finance, culture and politics should in the future also lead to a “globalization of solidarity” and respect for all parts of society. This would be necessary in order to make sure that economic growth is never cut off from the search for prehensive development of man and society. The Pope pointed out that the principle of subsidiarity is vital in guiding globalization:

“In this respect, the social doctrine of the Church stresses the importance of intermediate bodies in accordance with the principle of solidarity. It allows people to freely contribute to give meaning to cultural and social changes and direct them towards the authentic progress of man and munity.”

The conference was entitled “Social Capital and Human Development” and the foundation’s name recalls John Paul II’s 1991 social encyclical of the same name, which drew together 100 years of history of the Church’s social doctrine.

What Benedict has said on globalization is very much in line with what John Paul II said before him. This may not seem like much, but when one considers the technical nature of economics and finance today, it is a humane and necessary message that supports the positive aspects of market economics.

UPDATE:

The journalist and author Will Hutton (described in his Wikipedia entry as “Britain’s foremost critic of capitalism”) was invited by the Centesimus Annus Pro Pontifice Foundation to address the conference. In an article for the Observer he shared his impressions. Interpreting Benedict within the framework of his own left-leaning ideas he failed to understand what the pontiff actually said.

According to Hutton, “the Catholic church is again alarmed by the way capitalism is developing” and has attacked “sweatshop call centres, declining trade unions” and “directors paid tens of millions”.

The Pope mentioned none of this and Hutton offers no evidence of why that should be Church teaching. Nor did John Paul II in his encyclical demand “stakeholder capitalism” as Hutton claims. Besides raising the obvious question why Hutton was invited to speak on a subject that he knows little about, this is a worrying example of how a defense of an ethical grounding of economics is misinterpreted as a call for socialistic solutions.