<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>North American Passionist JPIC &#187; Option for the Poor</title>
	<atom:link href="http://www.passionistjpic.org/tag/option-for-the-poor/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.passionistjpic.org</link>
	<description>Offering the world a passion for life</description>
	<lastBuildDate>Thu, 29 Sep 2011 20:26:21 +0000</lastBuildDate>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.1.3</generator>
		<item>
		<title>Fifth Sunday of Easter: The Option for the Poor</title>
		<link>http://www.passionistjpic.org/2011/05/fifth-sunday-of-easter-the-option-for-the-poor/</link>
		<comments>http://www.passionistjpic.org/2011/05/fifth-sunday-of-easter-the-option-for-the-poor/#comments</comments>
		<pubDate>Thu, 19 May 2011 23:51:57 +0000</pubDate>
		<dc:creator>John</dc:creator>
				<category><![CDATA[Lectionary Reflections]]></category>
		<category><![CDATA[Fifth Sunday of Easter]]></category>
		<category><![CDATA[Jesus]]></category>
		<category><![CDATA[Option for the Poor]]></category>
		<category><![CDATA[Peter]]></category>

		<guid isPermaLink="false">http://www.passionistjpic.org/?p=2388</guid>
		<description><![CDATA[Lectionary Readings: Acts 6: 1-7. The early church grows with many converts including Jewish Priest. The Deaconate is developed to help serve the needs of the poor. 1 Peter 2:4-9. Peter continues with this early baptismal liturgy by commissioning the disciples as “a chosen race, a royal priesthood.”  John 14:1-12. Jesus describes the intimate relationship [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Lectionary Readings:</strong></p>
<ul>
<li>Acts 6: 1-7. The early church grows with many converts including Jewish Priest. The Deaconate is developed to help serve the needs of the poor.</li>
<li>1 Peter 2:4-9. Peter continues with this early baptismal liturgy by commissioning the disciples as “a chosen race, a royal priesthood.”</li>
<li> John 14:1-12. Jesus describes the intimate relationship that he shares with God the Father and assures those of us who follow him a place in the Kingdom of God.</li>
</ul>
<p><strong>Thoughts for your consideration:</strong></p>
<p><img class="alignleft size-thumbnail wp-image-2391" title="ordination-of-saint-stephen" src="http://www.passionistjpic.org/wp-content/uploads/2011/05/ordination-of-saint-stephen-150x150.jpg" alt="" width="150" height="150" />During this Easter season it is appropriate for us to reflect on the development of the early Church and to consider the various issues that they had to address as they strove to build on the foundation that Jesus left them. The first reading attests to one of these early social issues that they faced. The evangelical mission of the Apostles was neglecting the basic needs of some of their poorer members. In what appears to be a creative and open process the Apostles deliberated with the community of followers and gave them the resources to organize another layer of church structure that would address this most pressing social need. It has always impressed me how the early church took the “option for the poor” with such a priority. The poor widows were being neglected and the Church recognized this as an immediate priority. The Apostles wrestled with their desire to continue promoting their evangelical mission but they would not allow this noble duty to become a legitimate excuse for neglecting the poor. Instead they sought a creative solution and empowered the larger community to design this solution. So impressed is the Jewish community to this model of service and participation that even the elite members of the Jewish priesthood begin to join.</p>
<p>In the second reading Peter continues to offer the baptismal liturgy that we have been reading for the past couple of weeks. In this section however we hear Peter calling the followers of Christ ‘a chosen race, a royal priesthood.’ Consistent with the first reading Peter is again empowering us all to take part in the mission of building the Kingdom of God. Peter invites us all to share in the intimate union with God and one another. An invitation which flowed from the mystical union that Jesus had with the Father and which he shares with the Apostles in the Gospel passage. This union invites us to consider the great dignity that we have through God but it also forces us to see and respect that same dignity in all others.</p>
<p>One can see in the Gospel passage how Jesus really wanted to convey this intimate union that he shared with God. Poor Thomas and Philip tried to understand this relationship from a human experience but Christ had to challenge them to see the radical nature of this union which he wanted them to share in. Jesus invites them to engage in a relationship of solidarity with God and one another where they can truly see their own purpose and interest vested in each other.  </p>
<p><img class="alignright size-thumbnail wp-image-2392" title="option for the poor" src="http://www.passionistjpic.org/wp-content/uploads/2011/05/option-for-the-poor-150x150.jpg" alt="" width="150" height="150" />Going back to the first reading we see the earliest development of the Church’s “preferential option for the poor.” By this principle the Church evaluates the state of the Body of Christ based on how the poorest members of their community are faring. The option for the poor serves as a common denominator that forces us to reevaluate our community obligations based on the neglect of those who are most in need. To preach of God’s love requires us to be agents of justice and peace to one another.  Jesus tells the apostles that his intimate relationship with God the Father can be acknowledged through the works that he does. “Believe me that I am in the Father and the Father is in me, or else, believe because of the works themselves.”</p>
<p><strong>Questions for Reflection in your Faith Sharing Group</strong></p>
<ul>
<li>Thomas’ question is one that we continue to hear today. “How can we know the way?” Indeed how can people know the way if so many Christians offer any number of options and perspectives for following Christ? How will our works help people believe in the Gospel message of justice and peace?</li>
<li>The “preferential option for the poor” is a wonderful theological concept that occupies many scholarly works. But how can this principle be applied within the concrete context of the parish or faith community? Who is being “neglected in the daily distribution?”</li>
</ul>
]]></content:encoded>
			<wfw:commentRss>http://www.passionistjpic.org/2011/05/fifth-sunday-of-easter-the-option-for-the-poor/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fight Against Poverty Unites Christian Left and Right</title>
		<link>http://www.passionistjpic.org/2009/02/fight-against-poverty-unites-christian-left-and-right/</link>
		<comments>http://www.passionistjpic.org/2009/02/fight-against-poverty-unites-christian-left-and-right/#comments</comments>
		<pubDate>Mon, 23 Feb 2009 19:57:56 +0000</pubDate>
		<dc:creator>Christian MacAuley</dc:creator>
				<category><![CDATA[Passion for Justice]]></category>
		<category><![CDATA[Catholic]]></category>
		<category><![CDATA[Catholic Alliance for the Common Good]]></category>
		<category><![CDATA[Catholic Social Teaching]]></category>
		<category><![CDATA[Christian Churched Together]]></category>
		<category><![CDATA[common good]]></category>
		<category><![CDATA[Economic Justice]]></category>
		<category><![CDATA[Option for the Poor]]></category>
		<category><![CDATA[Passionist]]></category>
		<category><![CDATA[Pope John Paul II]]></category>
		<category><![CDATA[poverty]]></category>
		<category><![CDATA[St. James]]></category>
		<category><![CDATA[St. paul]]></category>
		<category><![CDATA[St. Paul of the Cross]]></category>

		<guid isPermaLink="false">http://passionistjpic.wordpress.com/?p=152</guid>
		<description><![CDATA[Fight Against Poverty Unites Christian Left and Right &#124; Catholics in Alliance for the Common Good. I was personally saddened when the Economic Stimulus debate and subsequent vote ended up bolstering the ongoing partisanship that has defined Washington all these years. Amidst this reality I continue to work and pray for a collaborative ecumenical social [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.catholicsinalliance.org/node/20532">Fight Against Poverty Unites Christian Left and Right | Catholics in Alliance for the Common Good</a>.</p>
<p>I was personally saddened when the Economic Stimulus debate and subsequent vote ended up bolstering the ongoing partisanship that has defined Washington all these years. Amidst this reality I continue to work and pray for a collaborative ecumenical social agenda that can move this country and the world forward in the midst of this ongoing economic, social and environmental crisis.</p>
<p>For us in the Catholic Community the Catholic Alliance for the Common Good is a movement that aims to build this model. Below I will again past their wonderful video where they share their consistent position on all  Catholic social issues.</p>
<p>Their collaboration with <a href="http://www.christianchurchestogether.org/">Christian Churches Together (CCT)</a> in addressing the issues of poverty also demonstrate this move by the Christian community from addressing only liberal or conservative issues to just being Christian.</p>
<p>Poverty is a very central Christian issue. The concern for the poor is found throughout the Hebrew and Christian scriptures. Even when St. Paul and St. James argued about the direction of the early church with regards to the Gentiles they both conceded on importance of &#8220;remembering the poor,&#8221; (Gal. 2:10)</p>
<p>Poverty was also an issue of preeminent importance to St. Paul of the Cross. He reminded the members of his community to always look to the poor, &#8220;For the name of Jesus is written on their foreheads.&#8221;</p>
<p>Today the Passionist community continue to serve this mandate and to promote both our services to the poor and to advocate on their behalf. In doing this we not only fulfill the vision of our founder but a basic tenet of the Catholic faith.</p>
<p><em>A consistent theme of Catholic social teaching is the option or love of preference for the poor. Today, this preference has to be expressed in worldwide dimensions, embracing the immense numbers of the hungry, the needy, the homeless, those without medical care, and those without hope.</em> &#8211; Sollicitudo Rei Socialis by Pope John Paul II, 1987</p>
<p><span class="youtube">
<object width="425" height="355">
<param name="movie" value="http://www.youtube.com/v/A_fa1yRh-WM&amp;color1=d6d6d6&amp;color2=f0f0f0&amp;border=0&amp;fs=1&amp;hl=en&amp;autoplay=0&amp;showinfo=0&amp;iv_load_policy=3&amp;showsearch=0?rel=1" />
<param name="allowFullScreen" value="true" />
<embed wmode="transparent" src="http://www.youtube.com/v/A_fa1yRh-WM&amp;color1=d6d6d6&amp;color2=f0f0f0&amp;border=0&amp;fs=1&amp;hl=en&amp;autoplay=0&amp;showinfo=0&amp;iv_load_policy=3&amp;showsearch=0?rel=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="355"></embed>
<param name="wmode" value="transparent" />
</object>
</span><p><a href="http://www.youtube.com/watch?v=A_fa1yRh-WM">www.youtube.com/watch?v=A_fa1yRh-WM</a></p></p>
]]></content:encoded>
			<wfw:commentRss>http://www.passionistjpic.org/2009/02/fight-against-poverty-unites-christian-left-and-right/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>BBC NEWS &#124; Europe &#124; Pope laments global instability</title>
		<link>http://www.passionistjpic.org/2008/12/bbc-news-europe-pope-laments-global-instability/</link>
		<comments>http://www.passionistjpic.org/2008/12/bbc-news-europe-pope-laments-global-instability/#comments</comments>
		<pubDate>Fri, 26 Dec 2008 19:37:50 +0000</pubDate>
		<dc:creator>Christian MacAuley</dc:creator>
				<category><![CDATA[Passion for Justice]]></category>
		<category><![CDATA[Africa]]></category>
		<category><![CDATA[AIDS]]></category>
		<category><![CDATA[BBC]]></category>
		<category><![CDATA[Catholic]]></category>
		<category><![CDATA[Christmas]]></category>
		<category><![CDATA[Economic Justice]]></category>
		<category><![CDATA[education]]></category>
		<category><![CDATA[healthcare]]></category>
		<category><![CDATA[Human Rights]]></category>
		<category><![CDATA[Middle East]]></category>
		<category><![CDATA[Option for the Poor]]></category>
		<category><![CDATA[Passionist]]></category>
		<category><![CDATA[Peace]]></category>
		<category><![CDATA[Pope Benedict XVI]]></category>
		<category><![CDATA[poverty]]></category>
		<category><![CDATA[Universal Declaration of Human Rights]]></category>
		<category><![CDATA[World Day of Peace]]></category>

		<guid isPermaLink="false">http://passionistjpic.wordpress.com/?p=80</guid>
		<description><![CDATA[We hope you and your family are enjoying this wonderful Christmas season. At the Midnight Mass Pope Benedict XVI shared a special message. BBC NEWS &#124; Europe &#124; Pope laments global instability. Lamenting all the violence that exists in our world but particularly in Africa and the Middle East the Pope has rightfully identified &#8220;self-interest&#8221; as [...]]]></description>
			<content:encoded><![CDATA[<p>We hope you and your family are enjoying this wonderful Christmas season. At the Midnight Mass Pope Benedict XVI shared a special message.</p>
<p><a href="http://news.bbc.co.uk/2/hi/europe/7799628.stm">BBC NEWS | Europe | Pope laments global instability</a>.</p>
<p>Lamenting all the violence that exists in our world but particularly in Africa and the Middle East the Pope has rightfully identified &#8220;self-interest&#8221; as one of the most harmful causes that has led to many of these current tragedies. The United States, for its part, has also been culpable of exerting a foreign policy based on self-interest, specifically economic self-interest.</p>
<p>In a couple of days the Pope will issue a message on <a title="World Day of Peace, 2009" href="http://www.vatican.va/holy_father/benedict_xvi/messages/peace/documents/hf_ben-xvi_mes_20081208_xlii-world-day-peace_en.html">World Day of Peace </a>which is January 1st. I invite you take time to read this message and perhaps you can use it as a reflective document for the Christmas season. In it the Pope highlights five areas of concern:</p>
<ol>
<li>Campaigns that promote the extermination millions of unborn because of the demographic situation.</li>
<li>The spread of pandemic diseases especially of AIDS and the lack of accessibility of medicines that can treat these diseases</li>
<li>The ongoing growth of child poverty and the lack of services that promote education, healthcare and opportunities for children and families.</li>
<li>Promoting disarmament and using those funds to increase development.</li>
<li>A global policy to address the current global food crisis.</li>
</ol>
<p>After the Pope mentions these issues he goes on to say:</p>
<p align="left"><em>One of the most important ways of building peace is through a form of globalization directed towards the interests of the whole human family. In order to govern globalization, however, there needs to be a strong sense of</em><em> global solidarity between rich and poor countries, as well as within individual countries, including affluent ones. A “common code of ethics” is also needed, consisting of norms based not upon mere consensus, but rooted in the natural law inscribed by the Creator on the conscience of every human being (cf.</em><em> Rom 2:14-15). Does not every one of us sense deep within his or her conscience a call to make a personal contribution to the common good and to peace in society? Globalization eliminates certain barriers, but is still able to build new ones; it brings peoples together, but spatial and temporal proximity does not of itself create the conditions for true communion and authentic peace. Effective means to redress the marginalization of the world&#8217;s poor through globalization will only be found if people everywhere feel personally outraged by the injustices in the world and by the concomitant violations of human rights. The Church, which is the “sign and instrument of communion with God and of the unity of the entire human race” will continue to offer her contribution so that injustices and misunderstandings may be resolved, leading to a world of greater peace and solidarity.</em></p>
<p align="left">This again leads us to celebrate, as members of a Catholic religious community, our commitment to the Universal Declaration of Human Rights. I invite you to examine our reflection on the declaration in one of my earlier posts or if you like, visit our email archives and read our reflection on <a href="http://archive.constantcontact.com/fs080/1101872782616/archive/1102375437036.html">Passionist Spirituality and the Universal Declaration of Human Rights.</a></p>
<p align="left">Peace,</p>
<p align="left">John</p>
]]></content:encoded>
			<wfw:commentRss>http://www.passionistjpic.org/2008/12/bbc-news-europe-pope-laments-global-instability/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Catholics meet Obama team, discuss policy &#124; National Catholic Reporter</title>
		<link>http://www.passionistjpic.org/2008/12/catholics-meet-obama-team-discuss-policy-national-catholic-reporter/</link>
		<comments>http://www.passionistjpic.org/2008/12/catholics-meet-obama-team-discuss-policy-national-catholic-reporter/#comments</comments>
		<pubDate>Mon, 22 Dec 2008 22:27:25 +0000</pubDate>
		<dc:creator>Christian MacAuley</dc:creator>
				<category><![CDATA[Passion for Justice]]></category>
		<category><![CDATA[Africa]]></category>
		<category><![CDATA[Catholic Social Teaching]]></category>
		<category><![CDATA[Catholics]]></category>
		<category><![CDATA[common good]]></category>
		<category><![CDATA[environment]]></category>
		<category><![CDATA[global warming]]></category>
		<category><![CDATA[Iraq]]></category>
		<category><![CDATA[Middle East]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[Option for the Poor]]></category>
		<category><![CDATA[politics]]></category>

		<guid isPermaLink="false">http://passionistjpic.wordpress.com/?p=42</guid>
		<description><![CDATA[Platform for the Common Good This summer the North American Passionist JPIC Office took part in the Convention for the Common Good. At this event a number of Catholic communities and organizations joined to develop a political platform that would take a consistent approach with the Catholic social principle of the common good. Pope John [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Platform for the Common Good</strong></p>
<p>This summer the North American Passionist JPIC Office took part in the Convention for the Common Good. At this event a number of Catholic communities and organizations joined to develop a political platform that would take a consistent approach with the Catholic social principle of the common good.</p>
<p>Pope John XXIII wrote a definition for the common good in an encyclical that he wrote prior to Vatican II:</p>
<p><em><span class="text" style="font-size:9pt;">It is necessary that public authorities have a correct understanding of the common good. This embraces the sum total of those conditions of social living, whereby men are enabled more fully and more readily to achieve their own perfection. Hence, we regard it as necessary that the various intermediary bodies and the numerous social undertaking wherein an expanded social structure primarily finds expression, be ruled by their own laws, and as the common good itself progresses, pursue this objective in a spirit of sincere concord among themselves.</span></em></p>
<p style="text-align:right;"><span class="links"><span style="font-size:9pt;">Mater et Magistra</span></span><span style="font-size:9pt;font-family:Arial;">, #65</span></p>
<p><span style="font-size:9pt;font-family:Arial;">Below is a wonderful &#8220;You Tube&#8221; video that depicts the platform and the concept behind the convention.</span></p>
<p><span class="youtube">
<object width="425" height="355">
<param name="movie" value="http://www.youtube.com/v/bkeVVrBdI9o&amp;color1=d6d6d6&amp;color2=f0f0f0&amp;border=0&amp;fs=1&amp;hl=en&amp;autoplay=0&amp;showinfo=0&amp;iv_load_policy=3&amp;showsearch=0?rel=1&amp;eurl=http://www.votethecommongood.com/&amp;feature=player_embedded" />
<param name="allowFullScreen" value="true" />
<embed wmode="transparent" src="http://www.youtube.com/v/bkeVVrBdI9o&amp;color1=d6d6d6&amp;color2=f0f0f0&amp;border=0&amp;fs=1&amp;hl=en&amp;autoplay=0&amp;showinfo=0&amp;iv_load_policy=3&amp;showsearch=0?rel=1&amp;eurl=http://www.votethecommongood.com/&amp;feature=player_embedded" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="355"></embed>
<param name="wmode" value="transparent" />
</object>
</span><p><a href="http://www.youtube.com/watch?v=bkeVVrBdI9o">www.youtube.com/watch?v=bkeVVrBdI9o</a></p></p>
<p><span style="font-size:9pt;font-family:Arial;">This month a number of Catholic leaders discussed this platform and these policies with members of the Obama administration.<br />
</span></p>
<p><a href="http://ncronline3.org/drupal/?q=node/2852">Catholics meet Obama team, discuss policy | National Catholic Reporter</a>.</p>
<p><span style="font-size:9pt;font-family:Arial;">We are hopeful that the Catholic community can come together as a unified and consistent social voice to advocate on the needs of the poor, marginalized and oppressed. The North American Passionist JPIC Office will work with these organizations to promote this policies.</span></p>
<p><span style="font-size:9pt;font-family:Arial;"><br />
</span></p>
]]></content:encoded>
			<wfw:commentRss>http://www.passionistjpic.org/2008/12/catholics-meet-obama-team-discuss-policy-national-catholic-reporter/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Passionist Reflection on the Economic Crisis</title>
		<link>http://www.passionistjpic.org/2008/11/hello-world/</link>
		<comments>http://www.passionistjpic.org/2008/11/hello-world/#comments</comments>
		<pubDate>Wed, 19 Nov 2008 18:16:29 +0000</pubDate>
		<dc:creator>Christian MacAuley</dc:creator>
				<category><![CDATA[Passion for Justice]]></category>
		<category><![CDATA[Catholic Social Teaching]]></category>
		<category><![CDATA[Economic Justice]]></category>
		<category><![CDATA[Financial Crisis]]></category>
		<category><![CDATA[Globalization]]></category>
		<category><![CDATA[Option for the Poor]]></category>
		<category><![CDATA[Passionist]]></category>

		<guid isPermaLink="false">http://www.passionistjpic.org/2008/11/hello-world/</guid>
		<description><![CDATA[Passionist Reflection on the 2008 Financial Crisis]]></description>
			<content:encoded><![CDATA[<p><!--[if !mso]&gt;--></p>
<p class="MsoNormal" style="text-align:center;" align="center"><strong><span style="font-size:24pt;font-family:Arial;">Passion for Justice</span></strong></p>
<p class="MsoNormal" style="text-align:center;" align="center"><strong><span style="font-size:14pt;font-family:Arial;">Economic Crisis – Autumn 2008</span></strong></p>
<p class="MsoNormal" style="text-align:center;" align="center"><strong><span style="font-size:8pt;font-family:Arial;">By John Gonzalez</span></strong></p>
<p class="MsoNormal" style="text-align:center;" align="center"><strong></strong></p>
<p class="MsoNormal"><em><span style="font-size:11pt;">Our Catholic tradition calls for a &#8220;society of work, enterprise and participation&#8221; which &#8220;is not directed against the market, but demands that the market be appropriately controlled by the forces of society and by the state to assure that the basic needs of the whole society are satisfied&#8221; (Centesimus Annus). These words of John Paul II should be adopted as a standard for all those who carry this responsibility for our nation, the world and the common good of all. </span></em></p>
<p class="MsoNormal" style="text-align:right;" align="right"><span style="font-size:11pt;">-Bishop William Murphy’s statement to Congress</span></p>
<p class="MsoNormal" style="text-align:left;">Our global world is in the midst of a transition. An uncertain future lies ahead of us. The American public began to respond to this transition by voting for a new vision that we hope will change the direction of our nation. This recent election is indeed historic and many people including our own Bishops have publicly recognized the positive message we sent in electing our first African-American President who demonstrated great leadership and vision during this arduously long campaign. We at the JPIC office also recognize this historical achievement.</p>
<p class="MsoNormal">
<p class="MsoNormal">
<p class="MsoNormal">Nevertheless, even with a new administration coming into power, the current financial crisis continues to shake the social foundations of our global world. Some solutions have been offered to contain the crisis that began to undermine our banks and financial institutions. Yet the markets remain volatile, financial institutions continue to suffer, and the auto-industry is now at a critical point.</p>
<p class="MsoNormal">
<p class="MsoNormal">This reflection will offer an analysis of the economic crisis and the causes that led it to happen. Then it will consider the current solutions and proposals from the vantage point of our Passionist spirituality.</p>
<div style="border:medium medium 1.5pt none none solid 0 0 windowtext;padding:0 0 1pt;">
<p class="MsoNormal" style="border:medium none;padding:0;"> </p>
<p class="MsoNormal">
<p class="MsoNormal"><strong>Causes of the Crisis:</strong></p>
<p class="MsoNormal"><strong></strong></p>
<p class="MsoNormal">Several analyses exist which identify a number of causes that have created this crisis. By now many of us are familiar with some of these causes such as:</p>
<div class="MsoNormal">
<ul>
<li>
<div class="MsoNormal" style="margin-left:.75in;text-indent:-.25in;">Market deregulation of the financial institutions.</div>
</li>
<li>
<div class="MsoNormal" style="margin-left:.75in;text-indent:-.25in;">Predatory lending and other loose lending practices.</div>
</li>
<li>
<div class="MsoNormal" style="margin-left:.75in;text-indent:-.25in;">Bank sales of “mortgage backed securities” and other risk ventures.</div>
</li>
<li>
<div class="MsoNormal" style="margin-left:.75in;text-indent:-.25in;">Mortgage defaults and foreclosures.</div>
</li>
<li>
<div class="MsoNormal" style="margin-left:.75in;text-indent:-.25in;">Further growth of massive consumer debt.</div>
</li>
</ul>
</div>
<p class="MsoNormal" style="margin-left:.75in;text-indent:-.25in;">However these causes are merely a series of conditions that flow from a systemic problem within our national and global economy. The root cause, in this case, was the housing bubble, which just popped.</p>
<p class="MsoNormal">
<p class="MsoNormal">What is a bubble? How is it that our global economy generates these financial bubbles? Let me see if I can explain. Our global economy is based primarily on speculation rather than actual production. In the global economy the massive and unregulated flows of money are being invested in areas or industries based not on actual production but on high-risk projections (speculation) of what investors feel will be an economic boom. Thus these investments which are high risk tend to also yield high returns. Some call this economic system a “casino economy.” In this light, basically our global economic system is one giant gambling structure where major investors get to play by moving large sums of money from one area to another in hopes that their money can generate a bigger bang for each buck. However in the wake of this financial flow the global economy creates financial bubbles where a certain industry or region receives unbelievable amounts of money all at once and when speculation begins to turn sour then all this money is rapidly pulled back. This is what happens when a bubble pops.</p>
<p class="MsoNormal">
<p class="MsoNormal">In the mid 1990’s financial speculators flooded the dot-com industry. Towards the end of the 1990’s those speculations started to sour and the dot-com bubble popped. Recall how the dot com industry grew into a ludicrous business where anyone with an idea and internet access entered this business. Then, by the end of the 90’s, investors began to pull out and many of these companies went under. I remember watching a <em>Simpsons</em> episode around this time where Bart Simpson got into the dot-com business of drawing angry depictions of Homer and placing them in the internet. The internet manager paid him with stocks in the company that were worth a fortune. Within a week Bart walked into the company to see that everything was gone because the stocks had become worthless. His compensation was to have a massive quantity of worthless stocks while the dot-com manager scavenged the building for copper wires that still had value.</p>
<p class="MsoNormal">We survived the dot-com bubble because at the time it was isolated and it did not bring down the engine of the global economy. However the 2008 housing bubble was not that benign. It came about during a perfect economic storm:</p>
<div class="MsoNormal">
<ul>
<li>
<div class="MsoNormal">Oil prices were rising.</div>
</li>
<li>
<div class="MsoNormal">Food prices had gone up by the spring of 2008.</div>
</li>
<li>
<div class="MsoNormal">Savings were at an all time low.</div>
</li>
<li>
<div class="MsoNormal">Unemployment skyrocketed</div>
</li>
</ul>
</div>
<p class="MsoNormal">These conditions brought down one of the mightiest engines of the global economy. That is, the purchase power of the United States. This leads to another systemic problem that should also be addressed: the consuming habits of the average American. It is an unfair and unsustainable part of our global economic system. Once American demand for products, resources and services begin to drop, the global industries that supply these demands begin to get unstable. This leads us to the global economic crisis we face today.</p>
<p class="MsoNormal">
<p class="MsoNormal">
<div style="border:medium medium 1.5pt none none solid 0 0 windowtext;padding:0 0 1pt;">
<p class="MsoNormal" style="border:medium none;padding:0;"> </p>
<p class="MsoNormal">
<p class="MsoNormal"><strong>Passionist Reflection</strong></p>
<p class="MsoNormal"><strong></strong></p>
<p class="MsoNormal">On the issue of the global economy the social teachings of our Catholic Church have<span> </span>supported economies that are both free and fair. For this to happen the market forces must strike a balance with Government and civil society so that it can retain its entrepreneurial freedom while being regulated just enough so that the economic forces of the market serve the common good. In the Encyclical, <em>Populorum Progressio</em>, Pope Paul VI expressed it in this way:</p>
<p class="MsoNormal">
<p class="MsoNormal" style="margin:0 .5in .0001pt;"><em><span style="font-size:11pt;">But it is unfortunate that on these new conditions of society a system has been constructed which considers profit as the key motive for economic progress, competition as the supreme law of economics, and private ownership of the means of production as an absolute right that has no limits and carries no corresponding social obligation. This unchecked liberalism leads to dictatorship rightly denounced by Pius XI as producing “the international imperialism of money.&#8221; Such improper manipulations of economic forces can never be condemned enough; let it be said once again that economics is supposed to be in the service of man. </span></em></p>
<p class="MsoNormal" style="text-align:right;margin:0 .5in .0001pt;" align="right"><span style="font-size:11pt;">Article #26</span></p>
<div class="MsoNormal">
<p class="MsoNormal">This moral opinion on the global economy is not derived from an economic policy held by the Church. This opinion is based on an assessment of the global economy on key principles of Catholic social teaching. How does the global economy support:</p>
<ul>
<li>
<div class="MsoNormal">The basic dignity and rights of the human person</div>
</li>
<li>
<div class="MsoNormal">The participation of the local community</div>
</li>
<li>
<div class="MsoNormal">The promotion and welfare of the family</div>
</li>
<li>
<div class="MsoNormal">The dignity of work and the rights of workers</div>
</li>
<li>
<div class="MsoNormal">Global Solidarity</div>
</li>
<li>
<div class="MsoNormal">The integrity of creation</div>
</li>
</ul>
<p class="MsoNormal">
<p class="MsoNormal">It is the moral opinion of the Church and the general theological community that an unregulated and unaccountable market system, like the system known as Market Fundamentalism, does not serve these principles. What concerns the Church even further is that this economic system actually undermines these basic social principles. This is especially true of the negative effect that the global economy is having on the majority of the world population that are either poor or in the low income bracket. Indicators on the global economy from the United Nations, the World Bank, and several accredited think tanks have highlighted this reality.</p>
<p class="MsoNormal">
<p class="MsoNormal">Adam Smith, the famous father of modern capitalism, said the following in his epic work, <em>The Wealth of Nations</em>:</p>
<p class="MsoNormal">
<p class="MsoNormal" style="margin:0 .5in .0001pt;"><em><span style="font-size:11pt;">What improves the circumstances of the greater part can never be regarded as an inconvenience to the whole. No society can be flourishing and happy if the greater part of the members are poor and miserable.</span></em></p>
<p class="MsoNormal" style="text-align:right;margin:0 .5in .0001pt;" align="right"><em><span style="font-size:11pt;">Chapter 8</span></em></p>
<p class="MsoNormal">
<p class="MsoNormal">One of the principles of Catholic Social Teaching that is near and dear to the Passionist spirituality is the <em>Preferential Option for the Poor</em>. The spirituality of St. Paul of the Cross was attentive to compassionate love of God for all of humanity through the mystery of the Passion. What is equally important with the Paulacrucian spirituality, as it was developed by the founder, was that the poor and the marginalized members of the human community were given special attention with regards to acts of charity and justice. In one of his letters St. Paul of the Cross states:</p>
<p class="MsoNormal">
<p class="MsoNormal" style="margin:0 .5in .0001pt;"><em><span style="font-size:11pt;">We ought to be grateful and correspond to his divine benefits by loving justice, truth, and exercising charity and the works of mercy towards our neighbor, especially to the poor.</span></em></p>
<p class="MsoNormal">
<p class="MsoNormal">The option for the poor informs us that when members of our human community suffer we all suffer. Anytime somebody profits from the pain of others, not only is that profit unjust, it is also unsustainable. Adam Smith came from an economical position and St. Paul of the Cross came from a mystical position. Yet they both realized that an economic system, based on the misfortunes of the many, is unsustainable.</p>
<p class="MsoNormal"> </p>
<p class="MsoNormal">Passionists International and the Passionist JPIC Office have maintained the opinion that this global economic system is unsustainable. While we based our concern on the values expressed by Catholic Social Teaching and highlighted by our own concern for those who “are crucified by injustice,” we have also believed that this short sighted economic boom generated by the “casino economy” is not a healthy economic system and in the long run it could generate a global economic disaster.</p>
<p class="MsoNormal">
<p class="MsoNormal">The current economic bust demonstrates just how volatile the market can be if it remains unchecked. The Passionist JPIC Community along with our Catholic Church believes that the international system ought to have a global economy where the institutions of corporations, governments, and civil society can hold each other accountable and regulate each other in order to preserve both the freedom of market enterprise and the common good.</p>
<p class="MsoNormal">
<p class="MsoNormal">Our Passionist spirituality keeps us informed on the wisdom of the cross. We position ourselves with those who suffer. We minister to those who are afflicted and burdened with their own cross. However we believe that cross is not merely an instrument of violence. For us the cross is also an instrument of redemption. With the cross comes a resurrection. With death comes new life. For those who suffer from the present economic crisis, now is the opportunity to gain wisdom for a new economic system. We Passionists believe that it is in the midst of our suffering that we are afforded an opportunity to change for the better. Robert Kennedy quoted this famous Greek Philosopher during his campaign as he tried to make sense of the assassination of Martin Luther King Jr.</p>
<p class="MsoNormal">
<p class="MsoNormal" style="margin:0 .5in .0001pt;"><em><span style="font-size:11pt;">He who learns must suffer. And even in our sleep pain that cannot forget falls drop by drop upon the heart, and in our own despair, against our will, comes wisdom to us by the awful Grace of God.</span></em></p>
<p class="MsoNormal" style="text-align:right;margin:0 .5in .0001pt;" align="right"><span style="font-size:11pt;">-Aeschylus</span><span> </span></p>
<p class="MsoNormal">
<p class="MsoNormal">Now, our government and the international financial community have the massive obligation of addressing these present financial conditions. A bailout of the financial institutions has been proposed and passed. Now congress is debating a bailout for the auto industry. We will not add our voice to this because the details of these packages need to be discerned by economic, financial and social experts that can assess the details of these financial packages.</p>
<p class="MsoNormal">
<p class="MsoNormal">However we again offer our moral voice in favor of a future economic system that can learn from this calamity. A priority of the Passionist community and the Catholic Church is that the governments look towards the poor and the people who will suffer the worst from this crisis. Many have expressed a policy to bail out Main Street. We hope that our Government can address both the financial sector as well as the basic fallout from those who cannot afford this crunch. We also hope that world governments work in solidarity with each other to address and alleviate the more critical members of the human community.</p>
<div class="MsoNormal">
<p class="MsoNormal">The Institute for Policy Study (IPS) offers a Sensible Plan for Recovery. This plan is made up of five points that address many of the current failings and place us in a position to develop a global economic system that may be able to support the values of our social teaching. This is by no means an exhaustive list. It is merely an initial consideration that may help us to conceptualize some basic tenets for a legislative program that could move us into a better direction. The five point programs that IPS offers would be the following:</p>
<ul>
<li>
<div class="MsoNormal">Fund a green stimulus for the real economy</div>
</li>
<li>
<div class="MsoNormal">Restructure mortgages for families put at risk by predatory lenders</div>
</li>
<li>
<div class="MsoNormal">Make Wall Street speculators pay for the bailout: no more debt</div>
</li>
<li>
<div class="MsoNormal">Shut down the global casino: rein in the unregulated financial sector</div>
</li>
<li>
<div class="MsoNormal">Limit CEO pay and prohibit profiteering from the bailout.</div>
</li>
</ul>
<p class="MsoNormal">
<p class="MsoNormal">If you’re interested to read more about this plan visit the following website to download a copy. (<a href="http://www.ips-dc.org/reports/#752">http://www.ips-dc.org/reports/#752</a>.)</p>
<p><!--[if !mso]&gt;--></div>
</div>
</div>
</div>
]]></content:encoded>
			<wfw:commentRss>http://www.passionistjpic.org/2008/11/hello-world/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
	</channel>
</rss>

