Pope denounces speculators in visit to industrial workers

Pope Francis highlighted the struggle workers face in a globalizing economy with a visit Saturday to a troubled steel factory in Genoa, where he stressed the importance of work in giving people a sense of human dignity and denounced those who would exploit their workers.

The visit puts a focus on the plight of workers whose lives have been made precarious by years of economic crisis, including in Italy where a high jobless rate, especially among young adults, drives many to leave the country.

Speaking to some 3,500 industrial workers, many in factory uniforms or hard hats, Francis distinguished between good entrepreneurs, who “share the labors of workers and share the joys of work” to create something together, and speculators who are not bothered when they fire workers in a search for profit.

“One sickness of the economy is the gradual transformation of entrepreneurs into speculators,” the pontiff said.

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