Saturday, December 03, 2011

Is Modern Capitalism Sustainable? - Kenneth Rogoff - Project Syndicate

Is Modern Capitalism Sustainable?
As we think about "The Kingdom as Justice", it is helpful to take a self-critical look at our understanding of the world's political economy. What about our political-economic system is unjust? How are people and future generations harmed by a lack of care for the economy, the environment and our debt burden? Is it not unjust to leave a world of inequality, pollution, debt and rising health care costs to our children to fix? Certainly God cares about the well being of our children and has his sights on the well being of our children's children. Can inequality continue to go unchecked? The question is how do we fix these problems that are quickly evolving into crisis due to our petty self-interests and our lack of intellectual rigor.
In the above article, Kenneth Rogoff begins to ask questions concerning the sustainability of capitalism in its current form. We too need to look objectively and without bias (especially religious bias) at how to solve these policy problems which are at the heart of the problems of injustice in God's world.

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