9
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Guess who… and where.

Escrito el 9 enero 2009 por Francisco López Lubián en Uncategorized

“This lowering of the objectives of global finance to the very short term reduces its capacity to function as a bridge between the present and the future, and as a stimulus to the creation of new opportunities for production and for work in the long term. Finance limited in this way to the short and very short term becomes dangerous for everyone, even for those who benefit when the markets perform well.”

Would you guess who is the author of this paragraph? In what kind of document is it included?

What about a finance professor in a finance textbook? Or an economist in a professional journal? Would you buy that this is the talk of a business guru explaining the present crisis?

Good tries, but the answers are no.

Let me give you more hints:

“In a modern economy, the value of assets is utterly dependent on the capacity to generate revenue in the present and the future. Wealth creation therefore becomes an inescapable duty, which must be kept in mind if the fight against material poverty is to be effective in the long term.”

Now you believe you got it! Present value, economic value creation, short term vs long term, markets performance, etc, etc. This must be…

Well, think twice.

These are paragraphs of the Message of his Holiness Pope Benedic t XVI, called “Fighting Poverty to Build Peace”, published for the celebration of the World Day of Peace (1-1-09). I believe this is a very interesting document. And surprising (kind of…).

Anybody interested, visit http://www.vatican.va/holy_father/benedict_xvi/messages/peace/documents/hf_ben-xvi_mes_20081208_xlii-world-day-peace_en.html

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rabaty 31 agosto 2013 - 16:11

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