Archbishop John Sentamu: Hell is an eternal maxed-out credit card. In heaven there are no debts

Posted by Kendall Harmon

One of the lessons of the present turmoil is the recognition of our interdependence upon each other. It is a lesson that is at odds with the mindset of speculative profiteering, but it is a lesson that bears repeating in times of crisis.

Am I my brother's keeper? Yes I am. The impact of what happens with a sub-prime mortgage in America has an impact upon my brother employed in Newcastle working for Northern Rock.

Am I my brother's keeper? Yes I am when speculation leads to mergers, with redundancies for thousands of my brothers and sisters.

Am I my brother's keeper? Yes I am, because the systemic risk of allowing a bank to fail makes sense only when it is translated into the thousands of individual stories of hardship that flow from its collapse.

Read it all.

Filed under: * Anglican - EpiscopalArchbishop of York John Sentamu* Economics, PoliticsEconomyThe Credit Freeze Crisis of Fall 2008/The Recession of 2007--* TheologyEthics / Moral Theology

Posted December 30, 2008 at 6:32 am [Printer Friendly] [Print w/ comments]
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