Broken or working fine?

Gill Westcott shares her thoughts on our economic system and considers some alternatives

A door to the Bank of England | Photo: UggBoy♥UggGirl [ Photo – World travel ] / flickr CC

We hear that directors of FTSE100 companies had a pay rise of forty-nine per cent last year. Quakers are among many who question whether our current economic system, with its increasing inequality and instability, ecological destructiveness and promotion of superficial materialist values, can really be redirected towards a just and sustainable society. We have companies shifting profits abroad to avoid taxes, private banks controlling the money supply but not bonuses, trade rules that sink, or keep, many countries in poverty and speculation that causes asset booms and raises the price of food for the poor.

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