Media Release: Thursday, October 16, 2008

The Australian Christian Lobby (ACL) today backed the Prime Minister’s concerns over the role of greed in domestic and international economic systems.

ACL Managing Director Jim Wallace said that Australia and much of the Western world have travelled too far down a path of materialism, where the desires of individuals are put ahead of the needs of the community.

“We see the incongruities of this every day, with people on extremely high incomes co-existing in Australia with an estimated 100,000 homeless people,” Mr Wallace said.

“Put this in a global context and we see the huge inequality between the developed and developing world, with not only homelessness but also starvation the lot of those at the disadvantaged end.

“This crisis reminds us that moral realities are universal and have global consequences. Obscene executive salaries of themselves are not the cause of the current collapse of international markets, but they are symptomatic of a level of greed, and importantly attitude, that is very much characteristic of a world loosing its spiritual roots.

“This is not a rant against wealth generation, the poor depend on it, and it is more often than not the source of Christian charity. But it must be accompanied by a view of community benefit, even global community benefit,” Mr Wallace said.

“If excessive executive salaries are justified on the basis of retaining global competitiveness, then their moderation is something that world leaders are right to consider and comment on.”

Media Contact: Glynis Quinlan