Today, the Chancellor, Alistair Darling, stood up at the Labour Party conference in Brighton and had a go at the bankers and their bonuses. So far, so populist. Pointing at naughty bankers, who do deserve to be brought down a peg or two, is simple legerdemain, making sure we don’t see that it is the neoliberalism incarnate in Thatcherism and Blairism that has been the driving force behind this chaos in the UK. We got our MPs expenses scandal (no progress is being made by the flimsy legislation that has come in to deal with the issue), but we haven’t been allowed to analyse the Government economic mismanagement scandal.
A long time ago, I read that money is the second most talked about issue in the gospels (after the kingdom of heaven). Christian moralising is so often hung up on sex, it has no energy left to deal with what seems to me to be Jesus’ bigger issue, Mammon. He is the personification of pelf and lucre. Stock markets have become his temples, bankers his priests, economists are his theologians. Their doctrines are ineffable and inscrutable, keeping us in the pews unaware of what they were up to. The more we ask the question ‘what is money?’, the more we realise that it is an abstract social agreement we no longer comprehend. Money actually isn’t any one thing, but a whole set of related ideas; it doesn’t exist in a coin or banknote, but they are just symbols of money. Doesn’t the whole thing sound not a little theological? Continue reading