Monthly Archives

January 2014

7 Deadly Sins – capitalism’s flat-earth problem and what to do about it

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JustShare Lecture – St Mary-le-Bow Church – 29 January 2014 at 6.05pm

In general, market capitalism depends on 7 big ideas. Economists like to look scientific, so they tend to present these ideas as laws of nature. But even scientific truth is not this fixed, and the flat-earthers have moved on. But not so the Economists. The 7 big ideas that served the market so well in the past have now become sins not virtues, and are toxic to its future. And unless we correct the system at a fundamental level, reform is doomed to fail. But where to start? Tonight I’ll start with a quick run down on Capitalism’s 7 Deadly Sins. Then I will talk about the theology that informs my critique and ask some tricky questions. After all, it’s hardly fair to attack the market’s beliefs without being candid about my own. Finally, I’ll suggest ways in which Christians everywhere can get involved in the market’s reform.

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Wilde’s Happy Prince for workaholics

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Oscar Wilde wrote a heart-rending fairytale called The Happy Prince. In it, a swallow befriends the statue of a town’s late prince. From his plinth, the Happy Prince sees his people suffering, and asks the swallow to help them, using the decoration from his statue. The ruby is taken from his sword hilt, the sapphires are plucked from his eyes, and the gold leaf covering his body is torn off by the swallow, to alleviate the plight of the poor. The Mayor walks by, and looks up. Seeing the now ugly statue, he orders it to be pulled down, and thrown away.

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