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The Not So New Russian Orthodox Banking System

Written by rober6thom on . Posted in Action Institute

While they have much to recommend them, the free market and the global banking system aren’t without their shortcomings. The Orthodox Church in Russia has proposed a banking model that corrects what it sees as the most serious of that industry’s moral failings. However the system the Church purposes is unlikely to foster economic growth. It also overlooks the convergence of the free market with key elements of the Orthodox moral tradition.

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