Obsession with money caused crisis, says Archbishop
Dr John Sentamu said an obsession with money meant that the crisis was inevitable
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Saturday, 11, Apr 2009 10:27
The Archbishop of York has said that society's obsession with money made the financial crisis inevitable.
In his Easter message, the clergyman said a focus on the pursuit of wealth and a reduced understanding of risk sowed the seeds of the economic problems facing the country.
He said: "As a society our collective pursuit of making money reaped its reward and a collapse was unavoidable.
"Did we really think that interest rates, house prices and mortgage offers would go on rising without a limit, like a juggler optimistically adding more and more balls to his act with only the same two hands to catch them?," he added.
In his message, Dr John Sentamu also blamed bankers for the problems facing the world saying that they no longer feared risk and ignored the dangers of poorly regulated markets.
He also quoted famed American president Thomas Jefferson's saying that banks were more dangerous than standing armies as they can "destroy individuals, communities and nations".
"God's intervention in the system is not by underwriting avarice but by calling us to account," he said.