Godspy.com

News

Issues

Anglican bishops decry the ‘new creed’ of extreme capitalism

By The Editors

A trillion for the Iraq War, almost as much to rescue Wall Street, but basic health care for all is too expensive? Why aren't Christian leaders in the U.S. saying as much? In England it's a different story: "[T]he Archbishop of Canterbury, Dr Rowan Williams, warned in a magazine article that modern devotion to the free market is a form of idolatry and that Karl Marx was morally right in his analysis of the power of 'unbridled capitalism.' He believes that Marx's economic theories, as implemented by authoritarian state regimes, have proved equally wrong and harmful to unfettered market ideology, but that the protest against a greed-driven system is one that should be taken seriously."

Posted 10/2/08 at 12:43 AM