The Other I

May 28, 2014

Look who said it!

Filed under: The Economy: a Neophyte's View — theotheri @ 4:36 pm
Tags:

It might not be all that surprising to hear bankers castigated for greed one more time.  But when the head of the Bank of England says it, I’m surprised.

Mark Carney is the Canadian brought in last year as the best possible head to direct the Bank of England.  So far he’s been doing a good job in a position that takes economic as well as political skill.  But I never expected to hear him say that modern capitalism will fail if banks continue to be too big to fail, if they are not run ethically as a service to their clients rather than as a way to make huge personal fortunes.

He also said that the huge discrepancies that exist globally between the small minority of the very rich and the huge numbers of very poor is destabilizing.  I would not have been surprised to hear Pope Francis say something like that, or even a socialist leader, but not the head of the Bank of England.

If you are interested in reading or hearing more, take your pick:

It gives me hope.

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Create a free website or blog at WordPress.com.

%d bloggers like this: