Rob Sewell, Editor of Socialist Appeal, wrote in marxist.com, 4 March 2015, ‘The scandal surrounding the money laundering and tax evasion operations at HSBC exposes the links between a corrupt banking elite and the rotten political establishment. Lord Green, former head of HSBC, was at the centre of this tax dodgers’ row. He chaired HSBC until December 2010, when he became a Conservative trade minister and was given a peerage by David Cameron.
Lord Green was chairman of the advisory committee of the lobby group CityUK, but was forced to resign as a result of the scandal. “People are starting to worry about appearing with him in public”, said one member of the advisory committee.
While others were distancing themselves, Lord Green was given staunch backing by the elite of the Church of England. Needless to say, these preachers of moral effluent have a great tradition in protecting their own – and our millionaire banker is a devout Christian and ordained Anglican priest. The archbishops of Canterbury and York said they were grateful to the former HSBC boss for his “contribution and expertise”. This gang of hypocrites have attacked politicians for failing to provide a “fresh moral vision”, but act no differently.
Lord Green himself was no shrinking violet when it came to preaching. He expounded his hypocrisy in a book in 2009, at the height of the money laundering and tax evasion at HSBC, entitled Good Value: Reflections on Money, Morality and an Uncertain World. In this he preached about the importance of ethics in banking.
Earlier our banker-priest had published Serving God? Serving Mammon?, a question he appeared to answer in practise, earning tens of millions of pounds in bank bonuses.
For the capitalist establishment, morality is simply a means of justifying capitalism, their privileges, and the system of exploitation’.
In order to keep their vast investments in check, the various bodies of the Church of England are advised by the church’s Ethical Investment Advisory Group.
According to its official guidelines, it advises against investing in any company:
*involved in indiscriminate weaponry (smart bombs ok).
*that derives more than 3% of revenues from the production or distribution of pornography (a bit of pornography acceptable).
*involved in conventional weapons if their strategic military supplies exceed 10% of turnover (a few guns abd bullets, no problem).
*whose business activity or focus (defined as more than 25% of group turnover) is tobacco, gambling, alcoholic drinks, high interest rate lending or human embryonic cloning.
It is that last figure that Archbishop Welby said was “probably too high” and would ask the Church’s advisory group to review.
What does he mean? Reduce the level of Sodom to ONLY 20%?
On what small margins does conscience rest?
Jesus would weep now.
Sod off, the British Establishment and its praying mouthpieces.
Lenin nightingale 2016