Archbishop-elect Justin Welby writes in Bloomberg on virtue, vice and banks

Posted by Kendall Harmon

Late one night 20 years ago, when I was an oil executive rather than an Anglican bishop, I had run out of steam and patience toward the end of a complex multinational acquisition. We came to yet another bit of box ticking and I suggested we skip it, because we knew the material was accurate.

“Justin,” our wise investment-bank director said quietly, “you know that’s not how we do it.”

Under pressure, everyone is prone to make bad decisions and that story remains in my mind as I sit on the U.K.’s Parliamentary Commission on Banking Standards, listening to people talk about banks, bankers and their failures.

Read it all.


Filed under: * Anglican - EpiscopalArchbishop of Canterbury --Justin Welby* Culture-WatchGlobalizationLaw & Legal IssuesReligion & Culture* Economics, PoliticsEconomyCorporations/Corporate LifeCredit MarketsCurrency MarketsLabor/Labor Unions/Labor MarketStock MarketTaxesThe Banking System/Sector* International News & CommentaryEngland / UK* TheologyEthics / Moral Theology

4 Comments
Posted January 17, 2013 at 7:00 am

To comment on this article: Go to Article View

The URL for this article is http://www.kendallharmon.net/t19/index.php/t19/article/47216/



1. pendennis88 wrote:

“I am deeply suspicious of the intensely complex regulatory structures that are emerging out of the crisis. They are well-intentioned, but impossible to operate.”  Well, that is a good sign, at least.

January 17, 11:30 am | [comment link]
2. sophy0075 wrote:

Maybe, but I am hoping the new Archbishop will focus on theology and Christianity, and support the traditional values of each, rather than do the “millennium development goals” religion.

January 17, 1:39 pm | [comment link]
3. Jeremy Bonner wrote:

Sophy,

It doesn’t have to be either/or; there’s a perfectly orthodox tradition of social Christianity in Anglicanism and beyond it. The Global South understand that.

http://catholicandreformed.blogspot.com

January 17, 2:21 pm | [comment link]
4. sophy0075 wrote:

Jeremy,

Oh, I agree. I am a firm believer that God instructed us in Genesis to protect the environment, but I am so tired of (arch)bishops who have turned the church solely into a platform for social, political, and environmental causes. Frankly, the latter opens the door for many folks who want to be social, political, or environmental activists to say, “why should I go to church? I can join/be active in the Sierra Club/Kiwanis/etc and sleep late or play golf on Sunday.”

January 17, 3:56 pm | [comment link]


© 2014 Kendall S. Harmon. All rights reserved.

For original material from Titusonenine (such as articles and commentary by Dr. Harmon) permission to copy and distribute free of charge is granted, provided this notice, the logo, and the web site address are visible on all copies. For permission for use in for-profit publications, please email KSHarmon[at]mindspring[dot]com


<< Back to main page

<< Return to Mobile view (headlines)