Pope Francis said Tuesday the profit motive is "inherently immoral". "Global crises have proved that economic decisions (promoting) permanent profit gains are unsustainable (and) inherently immoral," he wrote Turin Mayor Piero Fassino at the start of the Third World Forum of Local Economic Development, running in the Piedmont capital October 13-16. "Local economic development seems to be the most appropriate response to the challenges of a globalized economy, which often has cruel results," Francis wrote.
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