A reality check In today's troubled times, Singapore's political leaders and businessmen may do well to read what is published here. The Times UK. Feb 16, 2009 By Alice Thomson and Rachel Sylvester Pride, avarice, lust, anger, gluttony, envy and sloth: sometimes it feels as if Britain is in the grip of the seven deadly sins. There are arrogant politicians, greedy bankers, lecherous television presenters, furious trade unionists, obese children, competitive shoppers and an underclass of people who do not work. To the doom-mongers, British society is not broken, it is shattered. According to the Archbishop of Westminster, the economic downturn could be the very thing that brings us to our senses. “It's the end of a certain kind of selfish capitalism,” Cardinal Cormac Murphy-O'Connor said. “This particular recession is a moment - a kairos - when we have to reflect as a country on what are the things that nourish the values, the virtues, we want to have ... Capitalism needs to be underpinned with regulation and a moral purpose.” ... "It has been difficult to bring up children with the kind of values we want. Let's face it, we now have a ‘me, me' society, a more consumerist society, a utilitarian society, and our values and virtues have become diminished." “Some of it has got to do with having too much. If your worth just depends on your wealth, that is not healthy. Your worth should depend on who you are.” Nothing exemplified this better than the bonus culture in the City. “I hope people have come to their senses. I don't know why they got such big bonuses. I would cut them out altogether.” Bankers, he said, “were just wanting to make profits but in ways that were rash, and they thought they could continue on this bonanza without querying their excesses. "The industry is so focused on money. Unless that is underpinned with a moral sense and regulation that makes it clear money is only a tool for living, then it is wrong. I think sometimes there weren't enough controls on the City. The above is an extract of an article posted in www.littlespeck.com. The full article, though about Britain, is a good reflection of the woes and sickness of the capitalist countries we are in today.