23 October 2014, The Tablet

Don’t bank on reform

by William Keegan

 
Tablet commentator Clifford Longley argued that the time for Catholic Social Teaching has come. Church leaders, MPs and even the Governor of the Bank of England, seem to agree. But, as one observer warns, resistance to change is huge It is possible to trace the prevailing mood about the limitations of the free market back to 1979. Whether or not Marx was right when he asserted that capitalism contained the seeds of its own destruction, his mentor Hegel certainly had a point about thesis and antithesis.The post-Second World War decades saw the reaction to the economic chaos and disparities of income and wealth of the 1920s and 1930s. During the war people had felt they were “all in it together”, whether they were in the fighting forces or dodging air raids at home. The spirit
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