Pope Francis criticizes that the financial markets govern the fate of the people

Pope Francis said today that it is intolerable that “financial markets govern the fate of the people”. In addition, he invited the governments around the world to commit to develop an international framework to promote social investment.

These were the words of Bergoglio during the conference “Investing in the poor”, promoted by the Pontifical Council for Justice and Peace.

At this hearing, the Pope called as a scandal the speculation that currently exists, at his discretion, in food prices and stated that this practice “has serious implications for the food security of the poorest”.

Bergoglio highlighted that good investors will be those who do not use their resources to speculate, but to meet the needs of access to water, decent housing at an affordable price, to health services and education for the p