Good news and the recession

Dr Vinoth Ramachandra

At a time when “everyone” is tightening their belts, or having real trouble finding a job, when European nations are near bankruptcy and the people in most less affluent parts of the world have to wonder where the money to pay basic medical expenses will be found, it is “nice” to hear some “good news”.

Apparently just like the bankers whose stupidity caused the recession the top executives of big businesses (major beneficiaries of the largess that governments have had to dole out as they have sought to stem the bleeding) are not being stinted by stingy boards. A recent study (HT: Chuck Jones) shows “that the median pay for top executives at 200 big companies last year was $10.8 million. That works out to a 23 percent gain from 2009.”

Now, all of you Materialist Capitalists who believe that unfettered capitalism is the best way to organise society for the good of all (or claim to, for perhaps it is all a “big lie”) can you explain this? How are such obscene salaries “justified” in the face of the European worker on the dole, or the Asian mother who cannot afford the treatment her child needs, or the African parents who can even feed theirs.

So, all you good Atheists (Christians to a man, yet unless the market is your god, to believe that somehow the free flow of capital will make things well is surely an atheist belief) who ran to support The Income of Ralph Norris when Mark Keown posted about that wrong, how will you defend this one?

Meanwhile Vinoth Ramachandra1 is more optimistic, he imagines Christians across the Western World taking to the streets in Direct Democracy like the rather braver Muslims across the Arab world have been doing.

Fat chance, the principalities and powers that rule this age are too good at the bread and circuses routine. As long as the dupes have cheap food (and what does it matter to us if farmers in the rest of the globe get ripped off as long as our supermarket prices stay low) and “reality TV” what chance is there anyone will seriously challenge the powers of this dark world?

  1. His blog describes him thus: “Dr Vinoth Ramachandra was born in Colombo, Sri Lanka, where he also had his secondary schooling. He holds bachelors and doctoral degrees in nuclear engineering from the University of London. Instead of pursuing an academic career, he returned to Sri Lanka in 1980 and helped to develop a Christian university ministry in that country. In 1987 he was invited to serve as the South Asian Regional Secretary for the International Fellowship of Evangelical Students (IFES).” []