The rapid advance towards the globalisation of economic and financial system also illustrates the urgent need to establish who is responisible for guaranteeing the global common good and the exercise of economic and social rights. The free market by itself cannot do this, because in fact there are many human needs which have no place in the market."Even prior to the logic of a fair exchange of goods and the forms of justice appropraite to it, there exists something which is due to man because he is a man, by reasons of his lofty dignity."
The effect of the recent economic and finacial crises have had heavy concequences for countless people, reduces to conditions of extreme poverty.
many of them had only just reached a position which allowed them to look to future with optimism.Through no fault of their own, they have seen these hopes crually dashed, with tragic results for themselves and their children.
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