Michael Schluter Posted: 26 March 2010
Keywords: Finance & the Economy,
Western societies face economic decline and political instability due in significant part to the five moral flaws of Capitalism and their severe social consequences. A radical new economic vision is urgently needed. This paper proposes a way forward through five strategies: embed relational values, strengthen household balance sheets, empower extended families, engage capital providers and entrust welfare to local communities. These changes are mutually reinforcing because they all reform economic life so as to strengthen personal bonds in the local and wider communities. They point towards the Christian vision of a ‘Relational economy’.