Pope Benedict: Economy requires ethics

Pope Benedict XVI released his long-awaited social encyclical Caritas in Veritate (Charity in Truth) today, denouncing the rampant greed that led to the current economic crisis and urging the proper use of natural resources, increased aid for poor countries, and an end to outsourcing work to the cheapest bidder.

''The economy needs ethics in order to function correctly -- not any ethics, but an ethics which is people centered,'' the pope wrote.

Click HERE to read the full encyclical. To read today's CNS story on the encyclical, click HERE. Another CNS story focuses on the environmental aspects. Read that one by clicking HERE.