With £8 billion in the bank, church wages war on 'greed'

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Tequila
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21 Apr 2013, 5:43 am

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Church of England wages war on bonuses and culture of 'greed and entitlement' in big business
  • CofE group reminded believers 'the love of money is the root of all evil'
  • Through its investments the Church holds shares in 2,000 UK firms
  • The Church represents some 25 million people in Britain
The Church of England last night vowed to ‘turn the tide’ on a culture of lavish bonuses for bankers and business chiefs.

In an unprecedented attack on the City mindset, the Church, which represents some 25 million people in Britain, will use the significant financial firepower of its investments to vote against excessive pay packages.

It slammed the ‘culture of entitlement and greed’ in big businesses, saying it ‘rides roughshod’ over the Christian principles of justice and fairness.


O, church! Verily take the mote out of your own eye before lecturing your plebs! Amen.

And the idea that the church "represents" me (I'm sure I count as one of the 25 million) is absolutely ludicrous. They don't get 25 million people in church every weekend. In fact, I bet a large minority of those people hardly ever set foot in a church, much less worship.

This is merely the last, pathetic wailing throes of a religion that is almost irrelevant to the lives of most Britons. As it should be.



Magneto
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21 Apr 2013, 7:06 am

Well, they're their shares...

Where did they get that 25 million figure from? There's only 60 million people in the UK, of whom I think 11% are regular churchgoers, and many of those are in the free church - I just got back from a Free Methodist service.



ruveyn
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21 Apr 2013, 7:27 am

That Catholic Church is not state supported as far as I know. It is supported by voluntary contributions and by returns on investment.

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Ancalagon
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21 Apr 2013, 11:14 am

Tequila wrote:
O, church! Verily take the mote out of your own eye before lecturing your plebs! Amen.

It's "take the log out of your own eye before trying to take the speck out of your brother's eye", which is considerably more pithy.

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And the idea that the church "represents" me (I'm sure I count as one of the 25 million) is absolutely ludicrous. They don't get 25 million people in church every weekend. In fact, I bet a large minority of those people hardly ever set foot in a church, much less worship.

The article you linked claimed the 25 million number, not the church.

It's clear you don't like the church of England, what isn't clear is why we should share that belief.


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ruveyn
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21 Apr 2013, 11:16 am

ruveyn wrote:
That Catholic Church is not state supported as far as I know. It is supported by voluntary contributions and by returns on investment.

ruveyn


OOOOPS! I should have read more carefully. Church of England. That is state supported Sorry about that.

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Tequila
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21 Apr 2013, 11:28 am

Ancalagon wrote:
It's clear you don't like the church of England, what isn't clear is why we should share that belief.


I don't like religion. Especially Christianity or Islam. Haven't you noticed?



Ancalagon
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21 Apr 2013, 1:24 pm

Tequila wrote:
I don't like religion. Especially Christianity or Islam. Haven't you noticed?

Certainly. That wasn't my point, though, I was trying to point out that if there is a good reason to disapprove of what the church of England was doing, you didn't point it out.


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Tequila
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21 Apr 2013, 1:30 pm

Ancalagon wrote:
I was trying to point out that if there is a good reason to disapprove of what the church of England was doing, you didn't point it out.


I was trying to point out that they were first-class hypocrites, flouncing around in their frocks, telling the rest of us how to behave.

I was baptised Church of England, by the way. I hate religion with a passion.



Ancalagon
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21 Apr 2013, 4:36 pm

Tequila wrote:
I was trying to point out that they were first-class hypocrites,

Are they? What makes them hypocrites?

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flouncing around in their frocks,

They can flounce away if they like, as far as I'm concerned.

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telling the rest of us how to behave.

I don't see the problem with that. They're supposed to be moral experts, so that's doing their job. It isn't like they can make you do what they think is right.


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trollcatman
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21 Apr 2013, 5:53 pm

Jesus:

"How hard it is for the rich to enter the Kingdom of God! Indeed, it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God"

"If you want to be perfect, go, sell your possessions and give to the poor, and you will have treasure in heaven. Then come, follow me."

And Jesus entered the temple and drove out all who sold and bought in the temple, and he overturned the tables of the money-changers and the seats of those who sold pigeons. He said to them, “It is written, ‘My house shall be called a house of prayer,’ but you make it a den of robbers.”

Yeshua of Nazareth wasn't really a fan of whatever brand of capitalism they had in his day.



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22 Apr 2013, 12:22 am

The way I look at church is that it is a way for the rich to make the poor happy to be obedient slaves. When you go to church you are told to kneel, stand, kneel and stand at the headmaster wish, subconsciously this trains us to be followers to our masters, the corporations and the rich.


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visagrunt
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23 Apr 2013, 11:48 am

Whatever one might think about the existence of an established Church, or the source of its invested wealth, I think that the substance of the Church's position is an admirable one, and one that we should applaud.

Ethical investment is a valuable political tool to shift the attention of corporate directors and officers. When large-scale, institutional investors start to agitate against excessive executive compensation, and against commercial and industrial practices that are not sustainable, that puts pressure on corporations' lifeline--the flow of investment capital.

Now, £8 bn isn't a vast amount. But if this can inspire other ethically conscious institutions to take similar positions, and if it can inspire individual investors to start to question their mutual fund and pension fund managers, then we can be looking at more significant money.

It won't change the market overnight. There will always be money that will chase after the biggest return and damn the consequences. But with a critical mass, shifts can occur.


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