Tom Usher's take on: "Capitalism Eating Its Children" - NYTimes

LONDON — Guildhall at the heart of the City can be a lulling sort of place after a long day. The statuary and vaulted timber ceiling of the medieval great hall lead the eye to wander and the mind to muse on Britain’s strangest quirk — its centuries of continuity. Grace is said, claret is served, glasses clink and dreaminess sets in. A keynote speech from a central banker is all that is required to complete the soporific effect.

Or so one would think, until Mark Carney, the Canadian governor of the Bank of England, lays into unfettered capitalism. “Just as any revolution eats its children,” he says, “unchecked market fundamentalism can devour the social capital essential for the long-term dynamism of capitalism itself.”

All ideologies, he continues, are prone to extremes. Belief in the power of the market entered “the realm of faith” before the 2008 meltdown. Market economies became market societies. They were characterized by “light-touch regulation” and “the belief that bubbles cannot be identified.”

Source: Capitalism Eating Its Children - NYTimes.com.

Governor Mark Carney's speech given at the Conference on Inclusive Capitalism, London on Tuesday 27 May 2014.

Tom1

Tom Usher

Truth be told, Mark Carney goes on to describe a more perfect economy, a somewhat reformed economy, not a perfect economy, which is the economy envisioned by Jesus and as outlined in the Gospels, what I refer to as the Christian Commons, Christian-democratic (consensus) communism but, of course, not Marxism, as Marxism is inherently anti-Christ and darkside, violently materialistic/revolutionary rather than peacemaking and spiritually enlightening.

You don't have to be a "traditional" Christian, as in a fundamentalist to believe in the Christian Commons message. In fact, most who claim to be Christian fundamentalists reject the Commons and rather support capitalism. A shame that is. They misunderstand the voluntary nature of Jesus's message and hence misunderstand that socialism/communism certainly doesn't have to be anything but pure Christianity/Heaven, definitely not led by some Stalinist type or anything remotely like that. In fact, real socialism/communism has to be Christian. You should read Jesus's words, all of them, as documented in the Gospels with this in mind. If you do, you may see it.

We don't need banks charging anyone interest. We don't need loans. We don't really even need money. Think about it. We just need the right heart.

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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