Dr Williams said that bankers, poliÂticians, and even the Church had “colluded” with the system and been “hypnotised into unreality”, allowing “a big gulf to open up between how finance appeared to be operating and what it was really generating in terms of wealth as well-being for a comÂmunity”.
The crisis had taught him that “economics is too important to be left to economists,” and that “even the odd theologian” could have something to say on the issue of wealth and wealth creation.
He cautioned that the apparent return to “business as usual” in the financial sector highlighted the “lack of closure coming home to roost, the failure to name what was wrong, to name what I called last year ”˜idolatry’, that projecting reality and substance on to things that don’t have them”.
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Church Times–Bonus bankers still have not repented, Dr Williams says
Dr Williams said that bankers, poliÂticians, and even the Church had “colluded” with the system and been “hypnotised into unreality”, allowing “a big gulf to open up between how finance appeared to be operating and what it was really generating in terms of wealth as well-being for a comÂmunity”.
The crisis had taught him that “economics is too important to be left to economists,” and that “even the odd theologian” could have something to say on the issue of wealth and wealth creation.
He cautioned that the apparent return to “business as usual” in the financial sector highlighted the “lack of closure coming home to roost, the failure to name what was wrong, to name what I called last year ”˜idolatry’, that projecting reality and substance on to things that don’t have them”.
Read it all.