Abba thought it was all about money. The MC in Cabaret sang that ‘money makes the world go around’. And Der Spiegel poses the key question on its front page this week: money rules the world… but who rules money?
At least this question reminds us that, despite the technology that now drives financial transactions across the world, it is still real people who are responsible (a) for the system we accept, and (b) the values that shape our acceptance of that system.
It seems to me that this is actually the bit of reconnection that needs to be made today. Politicians seem to think that more of the same systems that have created our current distress will get us out of the mess we are now in. Where, we ask, is the political or economic imagination – the vision of an economic system that puts people back at the heart of the enterprise? Where is the vision that re-grasps the only dynamic that can ever have integrity: that money exists for people and not people for money? Which is subject and which is object?
These questions might be inevitable and acute right now, but they are not new. Jesus quietly slipped in the notion that if we want to know where your values really lie (and what really drives you and your choices, etc) we’ll need to see your bank statement. Heart and money lie closely together – at least for those who have money to love.
So, Spiegel‘s front-cover question is a deeper one than it appears. Markets do not drive the world, money does not behave as if personified, the economy cannot be ascribed personality or moral competence. People make systems, people are driven by values and assumptions about what (and who) matters (even if there is a discrepancy between what they think and what the evidence suggests), and people decide on the ends the systems are intended to achieve – and in whose interests.