Weekend essay

Culture

Generosity

6 October 2023

5 min read

From family to flourishing community, why relationships count so much

Little local acts of listening and kindness shed light on an age-old question, writes Rob Wickham - am I my brother’s keeper?

Rob Wickham

Rob Wickham is the CEO of the Church Urban Fund, a charity helping people access a community of support. He was the Bishop of Edmonton, and has participated in community building in London and Tyneside.

A group of old and young men sit on red sofas, listening to one of themselves.

Stoke FC's Place of Welcome.

Church Urban Fund.

Every week a group of 20 or so older people gather in an ordinary church in Walsall. A small handful also attend church on Sundays, but most do not. Amongst them are clear signs of poverty, mental health issues, struggles, broken relationships, and grief. Each person has a profound story. They come to sit in a place where strangers can become friends and will listen. For almost half of this group, this moment would be the only one that week when they are personally noticed and acknowledged by another human being.

This safe space is therefore a transforming blessing. It is life enhancing and hope creating. It was born out of a simple instruction, heard weekly by the church’s congregation - “Ite, missa est” – ‘Go the mass is ended’. This simple instruction, and a belief that their role was to build community as a result, has led to lives being transformed, fueled by the Bread of Life.

But it is not just churches. Stoke City Football Club opens its doors leaving Yasmin to reflect about her Grandmother, Sandra, who has dementia:

“My Nan has made friends and this place has helped her with talking and socializing more. Especially since COVID she stopped socializing and was feeling lonely. I think this has really made a difference”.

Or in Lichfield where the local theatre provides the same hospitality, leaving Jean to reflect that:

”You get to know people don’t you, coming here. It’s lovely.”

Churches, theatres, football clubs, libraries, mosques, temples, community halls, all of them can become places of welcome, centres of hope. Countless conversations, countless lives transformed, with the majority so simple and basic that they go unnoticed.

Relational capital goes beyond self to acknowledge that together, the other is a precious gift and not a problem that needs to be solved.

Towards the beginning of the book of Genesis, just after the first murder occurs with the death of Abel at the hands of his jealous and angry brother Cain, God asks Cain “Where is Abel?” Cain’s response is a common response, a response of one who judges or ‘others’, and then washes their hands.

“My brother is not my problem, Am I my brother’s keeper?”

It is a fundamental question to human flourishing and the principles of living for the common good.

Dietrich Bonhoeffer’s extraordinary book, Life Together, shares that any act of love or generosity to another person begins with a posture of holding your tongue in order to listen and to understand. Bonhoeffer then speaks of meekness, bearing, listening and ultimately, and only then, to be in a position to speak. All too often, we jump to speaking before doing the hard work, emphasizing an engrained paternalistic power dynamic, and thinking that we know best. For Bonhoeffer, this is an act of service which is relational, built upon trust and a relational capital that says that each person matters. Relational capital goes beyond self to acknowledge that together, the other is a precious gift and not a problem that needs to be solved. Bonhoeffer also recognizes the prophetic wisdom and complexity of this as he shares that:

“in order to flourish, every community must realize that not only do the weak need the strong, but also that the strong cannot exist without the weak. The marginalization of the weak leads to a broken humanity”.

At the heart of this dynamic, a posture is decided. If I am not my siblings’ keeper, and my sibling must look after themselves, then the weak will, of course, be marginalized. A broken and privatized humanity will be the ultimate end result.

But, if I am my siblings keeper, the posture is very different. Open arms, a desire to listen, to understand.

A clear example of this remains in many housing or immigration policies, or in a highly profitable banking sector - benefitting from the spoils of the cost of living crisis, adding to the misery of the majority. Like Pilate, hands are washed, in the pursuit of profit, thankfully challenged by the growing Just Finance Foundation.

Furthermore, in housing, regeneration for human flourishing, rooted in the call upon a person’s life given in the simple ceremony of baptism, often gives way to gentrification, in which fragmentation and broken relationships become the norm. This is a far cry from the vision of Fr Basil Jellicoe, where ‘homes for heroes’ were redeveloped in inner city Euston, rented at the same price as their slum predecessors as a symbol of action and justice for human flourishing.

But, if I am my siblings keeper, the posture is very different. Open arms, a desire to listen, to understand. This reflects something of the resurrection, where generosity is found, quite simply because God so loved the world. It is often in the most deprived communities that this is demonstrated, echoing a bias to the poorest, and a desire for the justice that Mary promises as she sings at the beginning of her child’s life.

In essence, our broken and fallen self often looks inside ourselves for fulfilment, but the transformed, loved and forgiven self looks to others as an act of self-giving love, humility and grace. The vision is often to live out the fundamental challenge of Jesus to the Church, personified in its founder Peter. “Do you love me… Feed my lambs”. Jesus, depicting himself as a shepherd, says to Peter, one of his closest followers – “if you love me, feed my sheep.” This is made all the more extraordinary as Peter himself had recently carried out a knife attack, yet he was still breathed upon with the gift of the Holy Spirit at Pentecost.

The stories from Places of Welcome, and the testimonies from the communities who have used the Growing Good resources which exist to provide a framework as to how and why churches can and should serve their local contexts, are a reminder that relationships matter, people matter and love matters. Much hidden Christian ministry, alongside that of other faiths, as Near Neighbours testifies, strive for this different vision. Their stories demonstrate that living the principles of presence, perseverance, hospitality, adaptability, participation and action can lead to organic altruistic and flourishing communities. Daily, safe spaces are being created for the broken soul to rejoice, dance and sing.

The human urge to be in relationship with others is paramount. When such relational stories are told, actions follow. Good action is justice focused, co-created and participatory. This requires a mutuality, and a desire to learn, knowing context, listening to the local, and daring to ask the difficult questions of why certain communities are impoverished in the first place. It is in asking these questions, developing a learner’s heart, filled with curiosity, that will lead to the flourishing of all. Staying quiet when you have heard is not a viable option.

The posture is simple. Am I my siblings’ keeper? The answer no inevitably leads to death of relationship. The answer yes has the potential to lead to true human flourishing.

Article

Culture

Economics

Ethics

1 May 2025

6 min read

The rights and wrongs of making money with meme coins

When does investing become speculating, or even addictive gambling?

Laurence Fletcher

Laurence Fletcher is a journalist at the Financial Times.

A montage shows Trump with a raised fist against other images of him and the phrase 'fight fight fight'.

$Trump coin marketing image.

gettrumpmemes.com,

Donald Trump’s “liberation day” tariffs may have driven sharp swings in global financial markets, but his actions in markets a few months earlier were in some ways even more peculiar.

On the Friday before his inauguration as the 47th US President in January, the Republican surprised many with the launch of the $TRUMP memecoin, described by its website as “the only official Trump meme”. The cryptocurrency token, in which Trump’s family business owned a stake, initially soared in value to more than $14bn over that following weekend.

Then, on the Sunday, Trump’s wife Melania launched her own memecoin, $MELANIA, which reached a value of $8.5bn. Even the pastor who spoke at the president’s inauguration subsequently launched his own memecoin.

For those wondering what exactly a memecoin is, you are not alone. In short, they are a form of cryptocurrency - an asset class that itself has attracted plenty of questions about its substance and purpose - representing online viral moments. They have no fundamental value or business model and, according to the US securities regulator, “typically have limited or no use or functionality”.

Donald and Melania Trump’s coins subsequently plunged in price, but still have a value of around $2.5bn and $214mn respectively, according to website CoinMarketCap.

There are plenty of others in existence. PEPE, based on a comic frog, has a value of around $3.6bn; BONK, a cartoon dog, has a market cap of $1.5bn; and PNUT, a reference to a squirrel euthanised by authorities in New York and about which Trump was allegedly “fired up” (although doubt has since been cast on the president’s involvement in the matter), is still valued at around $174mn, despite having fallen sharply in price.

Dogecoin, seen as the world’s first memecoin and originally created as a joke, boasts a market value of around $25bn. (There are other memecoins which may not be suitable for these pages).

Some people’s willingness to buy an “asset” with no use or fundamental value may seem strange to more traditional investors. But it can be viewed as just one manifestation of the speculative investor behaviour evident since the onset of the coronavirus pandemic and, indeed, at times throughout history.

The price of Bitcoin recently rose above $100,000, despite many investors still viewing it as having little or no value (in 2023 the UK’s Treasury select committee described cryptocurrencies as having “no intrinsic value, huge price volatility and no discernible social good”). In early 2021, shares in GameStop - a loss-making US video games retailer that some hedge funds were betting against - rocketed as much as 2,400 per cent, as retail investors piled in, many with the aim of inflicting pain on the hedge fund short sellers (in that respect at least, a highly successful strategy that became the subject of the film Dumb Money). The huge rise in AI and other tech stocks in recent years - until the recent tariff-driven volatility - has also been described as a bubble by some commentators.

Whether or not such episodes can be compared to infamous bouts of speculative mania in history depends on your point of view (and often can only be judged with the benefit of hindsight) - be it the 17th century Dutch tulip bulb mania, shares in the South Sea Company in the 18th century or the dotcom boom and bust of the late 1990s and early 2000s.

But it does give rise to the question of when investment should start to be described as speculation or even as gambling? And what are the rights and wrongs of any of those activities?

There can be negative effects, for instance if the actions of speculators force businesses in the real economy to change their plans or divert time and resources...

Gambling can be thought of as risking a stake on, for instance, the result of a game of chance or sport in the hope of a bigger payout. While often the result is purely down to chance, in some cases a strategy or an element of research (for instance of a horse or football team’s form) can be used. Investment, in contrast, tends to involve purported economic utility and assets believed to have some sort of underlying value, and holds the hope of future profit (although there are also plenty of bad investments or those that have gone to zero). While an investor must be prepared to lose their entire stake, in some cases such an event is relatively unlikely (for instance, if they buy a fund tracking the performance of a major stock exchange). Speculation is harder to define, but is generally seen as shorter term than investment, with more chance of a bigger gain or loss, and dependent on price fluctuations. Rightly or wrongly, the term has a more negative connotation than investment.

One writer who explored the ethics of these activities was Oswald von Nell-Breuning, a Jesuit theologian and economist who served as an adviser to the Pope and who was banned from publishing under the Nazis.

While he found that “one general definition cannot capture all the nuances” of speculation, he identified two different types of speculative activity - one that was purely trying to make a profit from financial market trading, and one based on trying to create a viable business. (See this article in the Catholic Social Science Review for a fuller explanation of Nell-Breuning’s views on speculation).

As the CSSR article shows, Nell-Breuning found that there can be positive effects from speculation - one might think of better liquidity and price discovery in a market, while, in commodity futures markets, speculators allow producers to hedge risk.

But he also argued that there can be negative effects, for instance if the actions of speculators force businesses in the real economy to change their plans or divert time and resources away from production.

And whereas gambling typically takes place within a circle of players who have chosen to take part, speculation, he wrote, can affect a greater portion of society - for instance, if it affects the price of shares or bonds they hold.

The Bible - on which Nell-Breuning’s faith and analysis was based - does not take a prescriptive approach to such activities. But it does provide some interesting guidance.

An entrepreneurial approach to business and investment is applauded, for instance when the writer of the book of Proverbs (traditionally believed to be King Solomon) praises the virtues of “an excellent wife”. These include investing in a field and using her earnings from business to plant a vineyard, and feeding her family from her gains.

Jesus tells a story of a master who, before going on a journey, gives his property to his servants, each according to their ability. To one he gives five “talents” (a large unit of money), to a second two and to a third servant he gives one.

The first servant trades with his talents and makes five more talents - a 100 per cent profit - and is applauded by the master on his return. The second servant also trades and similarly makes two more talents and is again applauded.

But the third servant, being afraid and believing the master to be “a hard man”, hides the money in a hole in the ground. He is condemned as “wicked and slothful”, and told that he should at least have put the money in the bank.

While Jesus’s story may primarily be about how we view God’s nature, how we use our God-given abilities and whether or not we can take risks in faith for Him, it is also hard not to see investment and indeed wise speculation as being virtuous activities here. Putting the money into a bank account is, in this story anyway, more of a fallback option.

But the Bible also warns us against putting money above all else in our lives. The love of money is, famously, a root of all sorts of evil, while we are also told to be content with what we have, and that “wealth gained hastily will dwindle”.

Nell-Breuning similarly warns that a “get-rich-quick” mindset, when this is placed above all else, can be harmful, and advises caution in situations where the lure of big profits can lead the speculator into market manipulation or fraud.

After all, both gambling and crypto trading have the potential to become dangerous and damaging addictions needing treatment.

Ultimately, Nell-Breuning struggled to come to a simple conclusion on the question of whether speculation, in and of itself, is morally wrong. It is, he wrote, a judgment call for those involved.

When making such decisions ourselves, his - and the Bible’s - warnings may be worth bearing in mind.