Tag: Capital

Welcome to Capitalism: Privatising Royal Mail

Welcome to Capitalism: Privatising Royal Mail

by Guy Brandon A lot of people are going to win big from today’s privatisation of Royal Mail, and a lot are going to lose out. The share offering has been hugely oversubscribed, with a ‘wall of money’ chasing the limited number of shares available. The result? A big spike in the price when the […]

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Welcome to Capitalism

Welcome to Capitalism

Welcome to Capitalism! The free market. Competition, laissez faire, private enterprise. Maximum profits, minimum hassle. Our world wouldn’t be the same without it. How else would we fund scientific development, grow companies, borrow money to buy a car or house? That’s the great thing about capitalism: one person’s spare money can be put to good […]

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Beyond Capitalism: Towards a Relational Economy by Michael Schluter

Beyond Capitalism: Towards a Relational Economy by Michael Schluter

Western societies face economic decline and political instability due in significant part to the five moral flaws of Capitalism and their severe social consequences.[2] 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’.

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Insight: Is GDP an adequate measure of growth? by Michael Schluter

Insight: Is GDP an adequate measure of growth? by Michael Schluter

In this five minute video, Dr Michael Schluter talks about the limitations of defining growth by GDP and suggests an alternative pattern for growth.

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How to create a relational society: Foundations for a new social order by Michael Schluter

How to create a relational society: Foundations for a new social order by Michael Schluter

    Summary In an earlier Cambridge Paper (September 2006), a biblical ‘Charter for Humanity’ was proposed within a ‘relational framework’. This second paper seeks to answer the question, ‘How do we move towards relational well-being?’ The place where the Bible sets out the foundations required to create a society of right relationships in terms […]

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Globalization and the world economy – for richer for poorer, for better or worse? by Paul Mills

Globalization and the world economy – for richer for poorer, for better or worse? by Paul Mills

  Summary Globalization is transforming the world for both good and ill, although it is neither new nor inevitable. Globalization is largely innocent of the crimes for which it is usually charged. It has the potential dramatically to reduce global poverty and undermine repressive regimes. But globalization challenges the viability of the nation state and […]

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Is economic globalization sustainable?

Is economic globalization sustainable?

Peter Heslam, June 2004 Globalization is the buzzword of the moment. But what does it mean? Opinions are sharply divided, but there is a general consensus that contemporary economic globalization means the increasing integration of national economies into a global market, made possible by the rise of communication and information technology, air travel, large multinational […]

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Relationism: pursuing a biblical vision for society by Michael Schluter

Relationism: pursuing a biblical vision for society by Michael Schluter

Summary This essay tells the story of my search over the last twenty years to find an alternative social paradigm which is closer to biblical norms than democratic capitalism or market socialism. Biblical teaching on this issue is found in Old Testament law, where God provides a normative framework for Israelite society. Jesus says that […]

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