In times of crisis, people turn to the only authority figures left. And who would that be? Well, with the European economy teetering on the edge of catastrophe and the United States economic recovery going nowhere, people are now turning to the Queen and the Pope.
First, we have a report in The Telegraph that a group of economists have written to the Queen suggesting that she could avert the next financial crisis by taking a more active interest in the economy. They wrote to the Queen after she visited the London School of Economics (LSE) and made the polite query as to why economists failed to predict the crisis. In their letter, the economists say: "If you, your majesty, were to ask for a monthly economic and financial horizon scanning summary, from say, the cabinet office, it could hardly be refused…and if this were to happen, the spirit of your LSE question would suffuse still more of those of your crown servants tasked to defend, preserve and enhance the economic wellbeing of your country."
Meanwhile back at the Vatican, Pope Benedict XVI has told an audience that avarice and pride caused the recession and that we need more ethics to fight it. He's released an encyclical, Charity in Truth, which says: "Once profit becomes the exclusive goal, if it is produced by improper means and without the common good as its ultimate end, it risks destroying wealth and creating poverty."
He's not wrong.
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