Founder’s QuoteDecember 2, 2022
Saint of the Day for December 2: Blessed Rafal ChylinskiDecember 2, 2022
A new Vatican document proposes to give guidance for Catholic investors based on Catholic social teaching, but often falls into regurgitating liberal talking points on redistribution and environmental awareness.
By Greg Cook, Crisis Magazine, Dec. 2, 2022
Greg Cook is a writer living with his wife in New York’s North Country. He earned two master’s degrees, including one in public administration from The Evergreen State College. He is the author of two poetry collections: Against the Alchemists, and A Verse Companion to Romano Guardini’s ‘Sacred Signs’.
In light of the scandals exposing the Vatican’s misuse of money, its recent release of ethical investing guidelines might seem like too little too late. Nonetheless, Mensuram Bonam, from Cardinal Peter Turkson and the Pontifical Academy of Social Sciences, is news. Before its publication, faith-guided investment had been promulgated at the national level, such as the USCCB’s 2021 document. But Mensuram Bonam, Faith-Based Measures for Catholic Investors: A Starting Point and Call to Action (MB), which translates into English as “Good Measure” (a reference to Luke 6:37-38), is the first such guidance from a Vatican entity. The forty-five-page document attempts to advise Catholic investors on how to use Catholic Social Teaching [CST] in their decision-making. …