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=== Global economy === In July 2009, Benedict published his third encyclical, ''Caritas in veritate''<ref name=":0">{{cite web |url=https://www.vatican.va/holy_father/benedict_xvi/encyclicals/documents/hf_ben-xvi_enc_20090629_caritas-in-veritate_en.html |title=Caritas in Veritate 'Charity in Truth' |publisher=Vatican Publishing House |author=Benedict XVI |date=7 July 2009 |access-date=7 July 2009 |url-status=live |archive-url=https://web.archive.org/web/20110902070515/https://www.vatican.va/holy_father/benedict_xvi/encyclicals/documents/hf_ben-xvi_enc_20090629_caritas-in-veritate_en.html |archive-date=2 September 2011 }}</ref> (''Charity in truth''), setting out the philosophical and moral foundations for human development, individually and collectively, in striving for the [[common good]]. This was the last encyclical of Benedict{{nbsp}}XVI's papacy. ''Caritas in veritate'' makes a case for the charitable distribution of wealth in considerable detail and discusses the environment, migration, terrorism, sexual tourism, bioethics, energy and population. ''The Financial Times'' reported that Benedict's advocacy for a fairer redistribution of wealth helped set the agenda for the 2009 July G8 summit.<ref>{{Cite news | url = http://www.ft.com/cms/s/0/cc9150d0-6af4-11de-861d-00144feabdc0.html | title = Pope condemns capitalism's 'failures' |work=Financial Times | author=Dinmore, Guy | date = 7 July 2009 | access-date =7 July 2009}}</ref><ref>{{Cite news |url=http://www.timesonline.co.uk/tol/comment/faith/article6657155.ece |title=Pope Benedict XVI calls for new economic system based on love in G8 message |work=[[The Times]] |author=Gledhill, Ruth |date=7 July 2009 |access-date=7 July 2009 |location=London |url-status=dead |archive-url=https://web.archive.org/web/20220622045839/http://www.timesonline.co.uk/tol/comment/faith/article6657155.ece?token=null&offset=12&page=2 |archive-date=22 June 2022 }}and</ref> Also included in ''Charity in Truth'' is advocacy for [[tax choice]]: <blockquote>One possible approach to development aid would be to apply effectively what is known as fiscal subsidiarity, allowing citizens to decide how to allocate a portion of the taxes they pay to the State. Provided it does not degenerate into the promotion of special interests, this can help to stimulate forms of welfare solidarity from below, with obvious benefits in the area of solidarity for development as well.<ref name=":0" /></blockquote>
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