(Der Spiegel) God's Bankers: Church of England Wages War on Loan Sharks

Anglicans and Catholics alike, said Pope Francis, should give “a voice to the cry of the poor, so that they are not abandoned to the laws of an economy that seems at times to treat people as mere consumers.”

This well-intentioned statement could have also come from his counterpart, Archbishop of Canterbury Justin Welby, since March the head of the Church of England and supreme spiritual leader of about 80 million Anglicans worldwide. Welby, 57, has addressed issues of justice in capitalism ever since he was a theology student, and he rewrote his doctoral thesis into a treatise that poses the question: “Can Companies Sin?”

Of course they can. Unlike his predecessors, Welby can draw on his own experience to answer such questions. Before beginning his church career, Welby worked for 11 years as a financial manager in the oil industry: five years at Elf Aquitaine in France, followed by six years in London and, most recently, with Enterprise Oil, a production company that is now part of the Shell conglomerate.

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, * International News & Commentary, --Justin Welby, Anglican Provinces, Anthropology, Archbishop of Canterbury, Church of England (CoE), Corporations/Corporate Life, Economy, Ethics / Moral Theology, Europe, Germany, Personal Finance, Poverty, Religion & Culture, Theology

One comment on “(Der Spiegel) God's Bankers: Church of England Wages War on Loan Sharks

  1. sandlapper says:

    I believe there is unjust exploitation of the poor by the pay day loan industry, and the thought of getting the church involved in offering alternatives is very attractive. Could something like this be done in SC?