the friend online
24 October 2008


Letters - preview
Finance issue
The Friend of 17 October was great! But the only commentator who really grasped the nettle was James Wells-Bruges: ‘fundamental change to the global economy is essential…’ Whereas the ‘average Briton’ today lives on about eighty dollars a day, 841 million people, or seventeen per cent of humankind outside China (970 million including China) are in dire poverty on less than a dollar a day
  • Sixty per cent (3,051 million people outside China, 3,180 million including China) have no more than 3
  • 9 dollars a day and this is getting worse according to Global Health Watch
  • There is something deeply wrong with a global economic system which allows this
  • In March 2008 Susan George, the political economist, quoted Adam Smith: ‘All for ourselves and nothing for other people seems, in every age, to have been the vile maxim of the masters of mankind’
  • She also asked: ‘Should water be subject to the laws of the market? Health? Education? Public services? Basic foodstuffs? Energy?’ Fundamental change is indeed essential – perhaps even to our Quaker witness


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