Justin Welby peddles “inclusive capitalism”

I was under the naïve impression that there was nothing left to which the overused to the point of meaninglessness adjective “inclusive” could be applied – but I was wrong.

From here:

The Archbishop of Canterbury today calls on business and market leaders to be less self-serving and to adopt a new model known as “inclusive capitalism”.

[…..]

“Rather than just seeking a return on investment, there has to be a generosity that reaches out.”

Any model of capitalism that relied solely on self-interest would lead to the collapse of society, he warns, writing in the Telegraph.

“Altruism, the imitation of the God who acts in love that does not seek return, is a crucial part of a stable and functional society.”

To what organisation should we look for inspiration in eschewing financial self-interest and seeking no return on investments? The Church of England, of course:

The Church Commissioners hold investments whose value was approaching £6.7 billion at the end of 2014.

[…..]

Their long term target is a return of at least RPI [inflation] plus 5% over the long term.

A paradigm of inclusive capitalism: it includes £6.7 billion and 5% return over inflation.

3 thoughts on “Justin Welby peddles “inclusive capitalism”

  1. The Archbishop of Camelot, oops Canterbury, is attempting to sound relevant. Cut the guy some slack folks. He is after all an economist first and a theologian, of sorts, second.
    When he speaks, he speaks as an economist. The CoE and all its many expressions is pretty much a lame duck, lurching from crisis to crisis, attempting to put out fires. The Church without gravity is in ‘free fall’. And as we all know, it isn’t the fall……..its the sudden stop that ‘gets’ us every time.

  2. A Primatial word would be most welcome by the orthodox Biblical masses on the “inclusive” dilemma of Mother Liberty now weltering in the judicial activist imposed sea of pansexual license.

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