Speaking from an English palace and a Chinese plane
The Archbishop of Canterbury, who lives in a palace, has advocated higher taxes. He is untroubled that higher taxes mean lower levels of job creation and fewer jobs for those in desperate need of them. He is careless about how the government will spend our tax money - on failing schools, bailing out banks, massive military increases for the European Union, second houses for MPs. . .
In contrast, in China, where they have lived miserably under Communism for sixty years, they are more interested in Adam Smith's views of the free economy and morality. They are particularly interested in Adam Smith's Theory of Moral Sentiments.
Adam Smith believed that a free economy would generate prosperity if it was moral. In fact, he believed that a free economy unregulated by Judaeo-Christian morals would fail.
That is what we have seen lately - a failure of morality and the destruction of basic principles of honesty, responsibility, transparency and accountability.
Should we laugh or cry? The Archbishop of Canterbury, speaking once again about something he knows nothing about, supports higher taxes which will hurt the poor and fails to speak about Judaeo-Christian ethics; China’s Premier Wen Jiabao travels with Adam Smith's Moral Sentiments in his suitcase.