In the “Pope Video” for the month of May, Pope Francis prays for the world of finance during the pandemic. He notes that “the true economy, the one that creates work, is in crisis,” and that many people are unemployed. He says that “the financial markets have never been as inflated as they are now.”
“How far away is the world of high finance from the lives of ordinary people,” says the Pope. He warns that “if finance is unregulated, it becomes pure speculation driven by various monetary policies.” An unsustainable and dangerous situation.
Pope Francis emphasizes the word “speculation.” He says it must be regulated to keep the poor from paying the consequences.
Lastly, he asks to pray that finance may be “a form of service, and an instrument to serve the people, and to care for our common home.”
Daniel Díaz Vizzi
TR: CT
