[The Tablet] Christ Blackhurst: Adjust your moral compass

He is the economist credited with having the most influence on the Archbishop of Canterbury. And Paul Dembinski is clear that regulation is not enough to improve banking – a fundamental cultural shift is needed

Paul Dembinski and I are shaking our heads at the craziness of the response to the “greed is good” speech delivered by Michael Douglas in the film Wall Street.

Except we are not really finding it amusing at all. It is the sheer nuttiness of folk we struggle to comprehend. What was intended as a piece of satire by Douglas and director Oliver Stone was seized upon by a generation as a justifying mantra for appalling deeds where banking and the financial markets are concerned. It is proof, agrees Dembinski, of the scale of the task that confronts him as he seeks to emphasise the place of ethics in the financial services industry.

Listening to him and meeting him, it is not difficult to see why Dembinski is so often name-checked by the Archbishop of Canterbury, Justin Welby, as an economist he closely follows…

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Posted in * Anglican - Episcopal, --Justin Welby, Archbishop of Canterbury