Showing posts with label ethics. Show all posts
Showing posts with label ethics. Show all posts

Thursday, September 25, 2008

Strange Bed-Fellows

Archbishop of Canterbury Rowan Williams criticises those who buy and sell debt solely for their own profit. Dr Williams attacks "unbridled capitalism" and defends the socialist theorist Karl Marx's critiques of the system.
He said it had become - much as Marx suggested - "a kind of mythology" in which people invested their faith, wrongly assuming it would work for the common good.

In a speech to bankers by the Archbishop of York, Dr John Sentamu.
he called share traders who cashed in on falling prices "bank robbers and asset strippers".
"We find ourselves in a market system which seems to have taken its rules of trade from Alice in Wonderland, " he said. "One of the ironies about this financial crisis is that it makes action on poverty look utterly achievable. It would cost $5bn to save six million children's lives. World leaders could find 140 times that amount for the banking system in a week. How can they tell us that action for the poorest is too expensive?"

Unfortunately , these two theologians are incapable of taking their arguments to its full conclusion i.e. calling for the abolition of the capitalist system as a whole and not simply eliminating what they consider the unpalatable parts . Both men place their faith in an unachievable ethical fair capitalism .

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