I read this yesterday. I applaud the boldness and the willingness to speak out against the greed that to my mind is so much part & parcel of this current crisis, greed of the banks for profit, greed of the consumer to have and have more, and spend what they do not have yet. I am not an economist, my grasp of the principles is basic, but it seems that building an ecomony on credit and “castles in the air” must lead to the collapse, it’s what a friend of mine described as a candy floss economy. A house of cards built on sand. I don’t know enough about economic mechanics to know how you claw that back and whether a non interest system would work today, but I know we are all culpable in some way, it isn’t ” them ” & “us”.
I spent yesterday on a study day on Issues in Contemporary Ministry; there was much food for thought on these issues as you might expect, and the sense of a definite need for repentence of our part, wittingly or unwittingly in this mess we all face at the moment.