The Thundering Voice

Pius XI: Economic Sins

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EVENTS

The Seven Economic Sins by Pius XI (1931):

1.   Unquenchable thirst for riches,

2.   Use of means, fair or foul, to protect their wealth against changes of fortune,

3.   Buying and selling of goods with the only aim of making quick profits with the least expenditure of work,

4.   Raise or lower prices rapidly according to their own caprice and greed nullifying the wisest forecast of producers,

5.   The lack of conscience or accountability of directors,

6.   Hiding behind corporate name, directors of business companies, forgetful of their trust, betray the rights of those whose savings they have undertaken to administer,

7.   Crafty men, unconcerned about any honest usefulness of their work, do not scruple to stimulate the baser human desires and, use them for their own profit [QA-132].

A moral approach to Corporate Social Responsibility based on the Social Doctrine of the Catholic Church
by Pedro J. Caceres