Catholics can be a little notorious for not being able to put up a united front in politics. When was the last time, for example, you heard of the need to win the “Catholic vote?” Catholic voters don’t necessarily disagree with Church teaching; rather, some Catholics are willing to sacrifice advocating for certain Church teachings in order to propagate others that are — in their minds — more important. (Whether this is good or not is another discussion.)
But if we can’t unite in the realm of politics, can we do so in the world of business, specifically in investing? It’s an interesting thought and well worth a read.
I’m no expert in investing and even economics in general. But Catholic moral investing is fairly simple. Just as you vote your conscience, invest your conscience. Don’t judge investments solely on their potential financial return; consider how they might promote or attack Catholic values. Whatever financial returns Planned Parenthood, for example, might have, it’s still morally wrong to help it propagate a culture that condones abortion.
One good way to invest ethically is joining a Socially Responsible Investing (SRI) mutual-fund, but make sure you do your research. Some SRI’s will use investing activism to fight global warming but will be completely fine with Planned Parenthood.
The lesson of Catholic moral investing is that wealth, when used for evil purposes, is evil but is also, when used for good purposes, good. The beauty of Catholic moral investing is that we can pick and choose which companies we support; it’s not like voting, for which we sometimes have to choose a candidate even if we have reservations about his or her moral stances. The upshot is that moral investing can be a powerful unifying force for Catholics. (We can only hope that it transitions into the voting booth, as well.)
Catholic moral investing is just another way Catholics can bring positive change to society. No big deal, as always; just another example of why being Catholic matters.