‘A Common Word’ on the economic turmoil

From the Communiqué from A Common Word conference released office of the Archbishop of Canterbury:

We, the Christian and Muslim leaders and scholars gathered for the Conference on A Common Word and Future Muslim-Christian Engagement from 12 to 15 October 2008AD/1429AH, give thanks to Almighty God for the opportunity to meet together and grow in mutual understanding, trust and friendship.

We live in an increasingly global world that brings with it increased interdependence. The closer we are drawn together by this globalisation and interdependence, the more urgent is the need to understand and respect one another in order to find a way out of our troubles. Meeting at a time of great turbulence in the world financial system our hearts go out to the many people throughout the world whose lives and livelihood are affected by the current crisis. When a crisis of this magnitude occurs, we are all tempted to think solely of ourselves and our families and ignore the treatment of minorities and the less fortunate. In this conference we are celebrating the shared values of love of God and love of neighbour, the basis of A Common Word, whilst reflecting self-critically on how often we fall short of these standards. We believe that the divine commandment to love our neighbour should prompt all people to act with compassion towards others, to fulfil their duty of helping to alleviate misery and hardship. It is out of an understanding of shared values that we urge world leaders and our faithful everywhere to act together to ensure that the burden of this financial crisis, and also the global environmental crisis, does not fall unevenly on the weak and the poor. We must seize the opportunity for implementing a more equitable global economic system that also respects our role as stewards of the earth’s resources.

Speaking of the markets and priorities, Ruth Gledhill is blogging that a Financial crisis looms for Anglicans:

word has reached me of a meeting this morning about the finances of the Anglican Communion, specifically the Anglican Communion Office in north-west London. This office is quite heavily dependent on income from the US. While none of the trust capital is affected, being secure in property in some of the ‘best’ areas of the US, investment income has apparently gone through the floor. This means that projects currently funded by such organisations have to be assessed and prioritised. One insider in the US tells me: ‘I think ACO has been in a bad way even before the current situation. I am in the minority of TECers who would like to see us spend the money we give them on something more meaningful. Additionally, there are ethical issues involved in supporting a group of people so eager to throw gays and lesbians under the bus.’

Gledhill likes to run ahead of stories; as usual, wait for more evidence no matter what the plausibility.

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