As one of those invited to dine with him and advise on his speech, I am delighted.
He has framed the debate correctly and fairly and squarely aimed responsibility at “governments committed to deregulation and to the encouragement of speculation and high personal borrowing (that) were elected repeatedly in Britain and the United States for a crucial couple of decades”, he said. “Add to that the fact of warnings of some of the risks of poor (or no) regulation, and we are left with the question of what it was that skewed the judgment of a whole society as well as of financial professionals.”at de-regulators and those that elected.
For more on the speech go to the Guardian.
The Guardian also has an editorial with this insight: “For their part, Christians in this country used to be much more openly engaged in economic questions. There was the Faith in the City report of 1985, which attacked the social effects of Thatcherism so boldly that Norman Tebbit angrily dismissed it as Marxism. And around the turn of this decade there was the Jubilee debt campaign. But this is a trail that has gone cold. It may be that Dr Williams has been cowed by his self-professed lack of economic expertise, or perhaps he has been distracted by the Anglican communion’s internal battles over the position of gays and women. Whatever the reason, it is to be hoped that this weekend is followed by more interventions – and not only from the Church of England. When it comes to economic policy at least, Gordon Brown was wrong: this is a very good time to be a novice. Many of the experts’ assumptions have fallen apart, and the argument over how to put them together again should be open to all.”
Could not have put it better myself.