Church of England report questions market capitalism

A report released today about the condition of life in urban areas by the Church of England asks:

"A key concern raised by the Commission is whether our society is being run for the benefit of the rich, or for all its members. Countering social inequality, and trying to reduce it, is the litmus test of a society’s moral adequacy.

But there is a deeper question about our reliance on market driven capitalism than simply questioning its role in promoting inequality. It is time to ask whether this economic and social model can really deliver happiness or wellbeing for all.

Why, the report asks, is it that young people in Britain, the fourth largest economy in the world, are among the most depressed in Europe? Why is it that despite year after year of economic growth, as a society we are no happier?"