Magazine article The Times Higher Education Supplement : THE

Social Equation: Letters

Magazine article The Times Higher Education Supplement : THE

Social Equation: Letters

Article excerpt

Both your interview with Michael Sandel ("Moneyball and chains", 11 July) and Fred Inglis' enthusiastic review of Arts of the Political ("Surging currents of resistance", Books, 11 July) raise awareness once again of the dangers posed by the near-total dominance of money and market economics in politics (and hence, by government writ, in academia and education). This is the number-one insoluble-looking problem - and cause - of our time. The "cause" is not against money and markets as such but against the desensitisation towards other values they have brought. We need to understand how this happened, and how any kind of intellectual and/or spirited intervention can help. The first pillar of wisdom is surely that it is not just money, but money plus maths plus microelectronics - the three Ms - that have captured the hopeful imagination of millions.

Digital microelectronics is hard to fault. This is surely mankind's best technical hope for the future.

Money as an institution inevitably rests on social stability and confidence in the integrity of its keepers (the bankers). …

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