The Pope’s Love in Truth, his third letter to the bishops of the world, is written in the context of the current global economic crisis. The Pope views the current crisis as an opportunity for us to discern and to create a new vision for our future. In his latest encyclical, he doesn’t focus on specific systems of economics or reconstructing the global economy. Instead, he reminds us that our markets are shaped by our culture, and that it is up to us to focus on the common good and reconstruct our societies and cultures based on ‘love of truth’, rather than ‘crude materialism’.

"Economy and finance . . . can be used badly when those at the helm are
motivated by purely selfish ends. Instruments that are good in
themselves can thereby be transformed into harmful ones. But it is
man’s darkened reason that produces these consequences, not the
instrument per se. Therefore it is not the instrument that
must be called to account, but individuals, their moral conscience and
their personal and social responsibility."

Read the encyclical here. Read Father Sirico’s opinion here.