More and more people are coming around to the concept that greed is in fact the root of our economic problems – this moral teaching was preached by St. Augustine and many others after him and can be found in the New Testament in Paul’s first epistle to Timothy (1 Timothy 6:9-10)
”Those who want to be rich are falling into temptation and into a trap and into many foolish and harmful desires, which plunge them into ruin and destruction. For the love of money is the root of all evils, and some people in their desire for it have strayed from the faith and have pierced themselves with many pains.”
A recent Knights of Columbus sponsored survey reports this very fact
“Today, America faces a serious problem with a financial crisis caused in no small part by greed — the public lacks confidence in our financial system, and in much of ‘corporate America,’” said Carl Anderson, Supreme Knight of the Knights of Columbus. “This confidence cannot and will not be restored until American executives and companies choose to be guided by a moral compass in their business decisions. Only a strong commitment to ethical business practices on the part of executives and the companies they lead can restore America’s confidence in its financial system.”
Read the entire article here: