Capitalism in Crisis
“In theory in a free market, there is no regulation except the laws of supply and demand. Goods exchange hands at a price determined by the two parties to the transaction and nothing else. Such a system requires a very delicate power balance if it is to avoid being exploitative of some. The theory is that, though there will be some casualties along the way, eventually the system will settle to a stable equilibrium to everyone’s benefit. Subsequent governments since the 1980s have discovered that reality does not match the theory and have been forced to confront, pretty much unsuccessfully, the issue of financial regulation. No one has yet cracked the problem.”
Mark Hocknall, Chancellor of Lincoln Cathedral
Join Canon Hocknall as he discusses some of the moral issues raised by the market economy in the Cathedral Chapter House on Friday February 3rd, starting at 2pm and ending by 4pm . Joining him will be professor David Head,Dean of the Business faculty in the University of Lincoln and Karl McCartney, MP for Lincoln and himself a former city worker.
More details here