…before we laugh at the foolishness of the Church, we should reflect on how we are all implicated in this hypocrisy. Many of our pensions schemes and banks are invested in this billion industry built on the backs of the poor.
Welby’s courageous leadership on the issue of usurious lending practices is in stark contrast to the supine political leaders of all parties who have consistently failed to address the problem of legalized loan sharks. And Lord Maurice Glasman is exactly right to point out the challenge Welby’s action poses to the Labour Party and the left more generally. Through the leadership of Compass, Stella Creasy MP, London Citizens and the indefatigable Damon Gibbons – who since 1999 has worked on this issue through the Debt on your Doorstep campaign – some are starting to wake up to the nightmare that the kind of exploitative financial practices Wonga represents.
The silence of many on the left should be a source of deep shame, as usury is a profound challenge to all those committed to strengthening democracy and challenging oppression. Read it all.
(ABC Aus.) Luke Bretherton–We are all Wonga now: Joining Justin Welby's war on usury
…before we laugh at the foolishness of the Church, we should reflect on how we are all implicated in this hypocrisy. Many of our pensions schemes and banks are invested in this billion industry built on the backs of the poor.
Welby’s courageous leadership on the issue of usurious lending practices is in stark contrast to the supine political leaders of all parties who have consistently failed to address the problem of legalized loan sharks. And Lord Maurice Glasman is exactly right to point out the challenge Welby’s action poses to the Labour Party and the left more generally. Through the leadership of Compass, Stella Creasy MP, London Citizens and the indefatigable Damon Gibbons – who since 1999 has worked on this issue through the Debt on your Doorstep campaign – some are starting to wake up to the nightmare that the kind of exploitative financial practices Wonga represents.
The silence of many on the left should be a source of deep shame, as usury is a profound challenge to all those committed to strengthening democracy and challenging oppression. Read it all.