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Quote by Pope Pius XI

“In the first place, it is obvious that not only is wealth concentrated in our times but an immense power and despotic economic dictatorship is consolidated in the hands of a few, who often are not owners but only the trustees and managing directors of invested funds which they administer according to their own arbitrary will and pleasure. This dictatorship is being most forcibly exercised by those who, since they hold the money and completely control it, control credit also and rule the lending of money.”

Quote by Pope Pius XI

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Pope Pius XI
Pope Pius XI

Pope Pius XI, born Amedeo Achille Raffaele Guiseppe Damiano Cardinal Dollenti, was the 259th Pope, serving from 1922 to 1939. Born on May 31, 1857, and died on February 10, 1939, he was the first Pope born in Italy. During his papacy, he worked to improve the relationship between the Church and society, promoting the modernization of the Catholic Church. more

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Author:Pope Pius XI
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