The economy accepts every advance in technology with a view to profit, without concern for its potentially negative impact on human beings. Finance overwhelms the real economy.
 Pope Francis, Laudato si' (24 May 2015 ). copy citation

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Author Pope Francis
Source Laudato si'
Topic technology economy
Date 24 May 2015
Language English
Reference
Note
Weblink http://w2.vatican.va/content/francesco/en/encyclicals/documents/papa-fra...

Context

“Our capacity to make decisions, a more genuine freedom and the space for each one’s alternative creativity are diminished. 109. The technocratic paradigm also tends to dominate economic and political life. The economy accepts every advance in technology with a view to profit, without concern for its potentially negative impact on human beings. Finance overwhelms the real economy. The lessons of the global financial crisis have not been assimilated, and we are learning all too slowly the lessons of environmental deterioration. Some circles maintain that current economics and technology will solve all environmental problems, and argue, in popular and non-technical terms, that the problems of global hunger and poverty will be resolved simply by market growth.” source