Analysis: The solid grounds of the CDF’s new economics document
Vatican City, May 17, 2018 / 02:09 pm (CNA/EWTN News).- The notion of “proximate immorality” is the most remarkable news in the just released text by the Congregation for the Doctrine of the Faith and the Dicastery for the Promotion of the Integral Human Development, titled Oeconomicae et pecuniariae quaestiones.
According to the document, proximate immorality occurs in “occasions in which misuse and fraud can be easily produced, especially damaging the less advantageous counterparts.”
In the document, the reasoning is particularly applied to banks. In fact, the document reads that “to commercialize certain financial instruments is in itself licit, yet in a