"(T)o say that the individual is culturally constituted has become a truism. . . . We assume, almost without question, that a self belongs to a specific cultural world much as it speaks a native language." James Clifford

Wednesday, December 26, 2018

Business and Religion: Financial Ethics Found Lacking in the Vatican's Institute of Religious Works

In probing corruption leads in the Vatican Bank, Italian financial police stumbled on to a plot back in July 2012 to smuggle €20 million into Italy.[1] The alleged culprits include a monsignor, a financial broker, and a former member of Italy’s secret service. For his part, the cleric is said to have had people pretend to have given him donations of €560,000 so he could furtively pay the financial broker for his role. Crime, Italian politics, and the Vatican Bank—hardly a novel discordant tune. That not just any bank, but that of a Church, could stray so far from what would reasonably be expected from a bank whose formal name is the Institute of Religious Works boggles the mind. Even so, the intersection of ethics, religion and business is fraught with complexity.  religious verdict from ethical premises is possible nevertheless.

The full essay is at "Business Ethics in the Vatican."