Money and testimonies
Sue Holden reflects on money and argues that reform would serve our testimonies
We need both our passion and a clearer understanding of economics… Let us stand in the Light, pray for the emergence of a ‘good economy’, and practice our opposition to the current system: in our lives and in the deeply spiritual process of putting our money in better places. We need to find ourselves in a place that feels right. Britain Yearly Meeting 2012 Epistle Our testimonies are the bedrock of the spiritual life of the Religious Society of Friends. The impact of our current economic system directly counters these fundamental Quaker values: Peace In 2008, the four major high street banks held £9bn worth of shares in arms companies. Reform would ensure that customers are aware and conscious of how the high street banks invest our money, enabling a choice we currently do not have. The boom/bust cycle is an inevitable consequence of our debt-based monetary system. The recession, a consequence of the bust part of this cycle along with increasing competition for scarce resources, is increasingly likely to lead to civil unrest.
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