The financial crisis: it’s part in our life

The financial crisis affects everybody but not everybody equally. Working in the charity sector (and more specifically, the church) insulated us from much of it and our church was fortunate in that very few were hit by redundancies. Now that we’re in a blissful mortgage free state (and house free state) in another country I thought I’d reflect a little on this ongoing mess we call the global economy. On a personal level I think it would be fair to say that we were net beneficiaries of the parlous state of…

Read More

Political Issues: The Economy

The top issue in this election campaign (whether we like it or not) is going to be the economy. Who can we trust to run our nations finances and deal with the nations debt? The state of the economy decides what can be paid for and what must be borrowed for. We’re emerging from a deep recession and everyone knows taxes will go up and government spending must be cut. No government in peacetime has ever borrowed money like the present one and now most people think that level of…

Read More

Economic crisis a 'reality check'

The Archbishop of Canterbury has called the current financial crisis a reality check to a society driven by unsustainable consumption. Which would be nice if we did wake up to that. At the moment though our solutions are turning a blind eye to greed and overconsumption and the only way out it seems is to dig a deeper hole. Anyway all credit to the Archbishop for hitting the nail squarely on the head on this one. Among his good quotes is this one: “It is a sort of reality check,…

Read More

Women can refinance the country (on their own)

Actually I don’t know if that is entirely accurate but they could certainly help. Apparently, according to this report women only wear 30% of their clothes. Women also it seems spend £1000 a year on average (really?) on new clothes. So here’s my reasoning. There are 60 million people in the UK Roughly 50% are women That’s £30,000,000,000 (30 million x £1000 = £30billion) If the ladies of the UK bought 70% less clothes and saved themselves £700 a year that’s a saving of £21,000,000,000 = £21billion Save that and…

Read More

A new kind of capitalism?

The BBC’s business editor Robert Peston has produced a report on the causes of the current financial crisis and the likelihood of an emergence of a new kind of capitalism. Eye catching stuff with lines like ‘monumental financial folly and ‘over-consumption and a high reliance on credit is the cause of the…financial crisis’. He writes: “Arguably the global economic crisis will turn out to be more significant for us and other developed economies than the collapse of communism. A New Capitalism is likely to emerge from the rubble. And although…

Read More

Consumerism in and outside the church

Jeremy quotes Andrew Simms on the problems in our economy, “Relentlessly, the UK government presses every button to try to reboot the economy to business-as-usual. They miss that the current, extraordinary period is the best, possibly last and only chance we will have to change our economy and lifestyles. It’s time to get off the consumer treadmill, and onto a path that will not take us over the climate cliff. What will drop first, our shopping legs or or illusions?” Read the rest here While Todd Hiestand continues his posts…

Read More