Category: General

Blog author: rnothstine
posted by on Friday, May 15, 2009

richards-book1The belief that the essence of capitalism is greed is perhaps the biggest myth Jay W. Richards tackles in his new book, Money, Greed, and God: Why Capitalism is the Solution and not the Problem. One reason for confronting this challenge is that many free market advocates subscribe to the thought that capitalism produces greed, and for them that’s not necessarily a negative. But for those with a faith perspective, greed and covetousness are of course serious moral flaws.

It’s also the kind of myth that less articulate writers would rather not challenge, especially in this troubling economic climate. Richards does however have a skill for tightly honed logical arguments, and he not only is able to defend free markets but tear lethal holes into many of the economic ramblings of the religious left. He even takes on holy of holies like fair trade and Third World debt relief. Richards argues that the free market is moral, something that may come as a surprise to many people of faith. This book provides a crushing blow to those involved in the ministry of class warfare or those who wish to usher in the Kingdom of God through “nanny state” policies.

The book divides into eight chapters, with each chapter discussing a common held economic myth like the “piety myth” or “nirvana myth.” Richards says the piety myth pertains to “focusing on our good intentions rather than on the unintended consequences of our actions.” The nirvana myth characterizes the act of “contrasting capitalism with an unrealizable ideal rather than with its live alternatives.” Richards himself states, “The question isn’t whether capitalism measures up to the kingdom of God. The question is whether there’s a better alternative in this life.”

The influence of libertarian economist Henry Hazlitt and Wealth and Poverty author George Gilder are evident through out this book. But the overarching strength of Richards work is how he places the free market message into the context of Christian discussions and debate. Unfortunately before this response, many of the economic arguments by the Christian left weren’t properly countered in popular mediums. Furthermore, the wanton excess of prosperity gospel advocates only fueled or provided ammunition for the religious left’s rebuke of the free market. (more…)

Blog author: ken.larson
posted by on Wednesday, May 13, 2009

[Editor's Note: We welcome Ken Larson, a businessman and writer in southern California, to the PowerBlog. A graduate of California State University at Northridge with a major in English, his eclectic career includes editing the first reloading manual for Sierra Bullets and authoring a novel about a family's school choice decisions titled ReEnchantment, which is available on his Web site. For 10 years Ken was the only Protestant on The Consultative School Board for the Roman Catholic Diocese of Orange near Los Angeles and chaired the inaugural Orange County Business Ethics Conference in support of needy parish schools in the diocese. He enjoys sailing and singing in the choir at the Anglo-Catholic church at which he and his wife worship.]

With Memorial Day and July 4th fast approaching I found myself thinking over the weekend about the recent past.

Several years ago we moved to a tony neighborhood in Orange County, California. At the time it was easily eligible for the term “Reagan Country” but in the last election Obama out polled McCain in our Congressional District. A neighbor had a Hillary fundraiser at her home a few years ago. There’s a lot of soccer on Sunday but our family always opted for church.

Around 1996 I was asked to chair the neighborhood’s July 4th parade. It was one of those tasks that occur in small communities where many folks pitch in to help from time to time and I was flattered at the invitation. But as is the case with lots of things we have the opportunity to participate in, I noticed this parade and the accompanying festivities — a barbecue and day at the beach with food and drinks available — were missing what I knew they needed. They were missing an invocation.

I ran the idea of having a local pastor from the church at the edge of the community where our family worshiped deliver that invocation and the denizen who had tabbed me as chairmen thought it a splendid contribution. Plans went forward with the same old “same old stuff” and I extended an invitation to the cleric. He was available. (more…)

Kevin Allen, host of The Illumined Heart podcast on Ancient Faith Radio, interviews writer, attorney, and college professor Chris Banescu, an Orthodox Christian, about the economic, moral and spiritual issues surrounding the market economy. Kevin asks: Does the capitalist system serve “the best interests of Christians living the life of the Beatitudes?”

Listen to Chris Banescu on Orthodox Christianity and Capitalism:

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Read “A Primer on Capitalism” on Chris’ personal Web site.

He is also the author of two articles on home schooling (here and here) for Acton Commentary.

Blog author: jcouretas
posted by on Monday, April 13, 2009

1934_trib_cartoon

A 1934 cartoon by Pulitzer Prize winner Carey Orr published in the Chicago Tribune. Snopes is still checking.

Father John Zuhlsdorf, who runs the popular Catholic blog “What Does the Prayer Really Say?” has opened a new discussion thread on the work of the Acton Institute. He explains:

In light of what is going on in the world’s economies, and in light of what will be increasing tension between secular governments and the Church, which has her body of teaching on social issues, it is a good idea to have a strong discussion about Acton and the Church’s social teachings.

Fr. Z, who joined us at Acton University as a blogger last year, started the Acton discussion to address comments that were being raised on another entry regarding Fr. Robert Sirico’s letter to Notre Dame President Rev. John Jenkins. Here’s Fr. Z’s summary:

Under that other entry, commenter Sarsfield opines:

Sirico is a dissenter from the social magisterium of the Church in favor of the decidedly un-Catholic philosophy of economic liberalism. The very purpose of his organization is to “correct” the “mistakes” of all the Popes who have spoken on the social question since Leo XIII. His choice of the organization’s name is telling if anyone bothers to read a little history. It was Acton, after all, who not only opposed Vatican I’s proposed definition of papal infallibility but tried to use his considerable influence with the British government to induce the anti-Catholic European powers to intervene militarily to prevent the Council from meeting.

Some responses were given to this:

* You may or may not agree with Fr. Sirico’s affinity for economic liberalism, but it is a gross overstatement to accuse him of dissenting from the Magisterium of the Church.
* You are incorrect to categorize Fr. Sirico as a dissenter from the Magisterium for his economics. Though, without more information, I’m not sure if it’s because you are wrong about the Acton Institute, or if it’s because you misunderstand Leo XIII.
* I think a better description of Fr. Sirico’s politics/economic theories rather than “economic liberalism,’ which is the term you use, would be “economic libertarianism.” Or “free market capitalism.” Excuse me for coining the first phrase, but certainly, as I read through the Acton maxim’s on their web site, they have much more to do philosophically with the right wing, or modern conservativism’s “less is more” view of the government’s involvement with all things that affect capitalistic economies. So it just as well could read, “economic conservatism,” for those listening with ears primed with the current left vs. right paradigm labeling conventions. So, while you may mean to convey exactly the same idea, the labeling must certainly give the opposite appearance to eyes and ears more conventionally tuned.

Join the discussion on WDTPRS. Come back here to link your remarks.

Blog author: hunter.baker
posted by on Friday, April 3, 2009

I was late in receiving my Richard John Neuhaus tribute issue from First Things, so forgive my mentioning it after many have long read it.

Going through, one thing that stands out is that Richard John Neuhaus was so influential not only because of his tremendous proficiency and prolificity with words, but also because of his gift of friendship. When great groups of friends stay together for a long time, it is often because there is one person standing at the center doing the work and exerting an almost magnetic attraction. Neuhaus stood at the center of an incredible network of brilliant people. That becomes clear as you read the tributes.

I had a friend like that in high school. He made the friendships work. We didn’t have a lot without him. We got together recently in Chicago after twenty years apart. The same dynamic was in place.

Stephen Barr’s tribute underlines the point:

[Neuhaus] also created a particular part of the public square that hadn’t existed before. He created a place where a great throng of religious intellectuals, hitherto isolated from one another and often unaware of one another’s existence, could meet to share their thoughts and pool their intellectual resources.

Quite right. And one man was brilliant at linking those people together in a culturally important way. Who will be next? Robert George? Father Sirico? I wonder . . .

Both of those gentlemen will be at the next Acton University.

I’ve posted a reflection on the future of higher education, with a particular emphasis on the Christian universities, over at the Touchstone Magazine Mere Comments blog. Catch it here.

Here’s a clip:

The economic downturn has had a substantial impact on colleges and universities.

The first shoe dropped when endowments everywhere took big hits from a rapidly falling market. When endowments go underwater, they produce no income and generally can’t be touched.

The other shoe will drop when we see how private colleges and universities do in terms of their student numbers for the fall. My casual conversations with peers indicates that the private schools are running behind in terms of student deposits. The buyers are not feeling flush.

The public universities, on the other hand, have their own problems. The ones that have endowments are down. They also rely on tax subsidies in a time when tax revenues are diminished. The trend of the last several years has been for states to offer less and less financial support. In-state tuition has risen substantially. Where they do not suffer is in terms of student numbers. They will be overwhelmed by bargain seekers in tough economic times. The question is whether they will have state funds to backfill the subsidized education they offer and how many they can admit. As it stands now, their facilities are often severely strained, teaching assistants do an awful lot of the instruction, and there are a large number of cattle call style courses.

We as Americans are very proud of our history. We admire our forefathers who took a stand for liberty to found this great nation, but it would be unwise, as her former colonists, for Americans to overlook the British contribution to human freedom following the events of 1776. Doing so will allow us to understand more fully the role of religion and freedom in our own society.

The beginning of the 19th century was a tumultuous time for those who love liberty. Embroiled in the French Revolutionary and Napoleonic Wars from 1793-1815, Great Britain fought and bested every sea power in Europe. With her naval supremacy assured by the victory at Trafalgar in 1805, Britain undertook a new moral enterprise in 1807—the end of the slave trade in the Atlantic.

While Great Britain was the only country with a navy capable of pursuing this endeavor, an underlying question remains unanswered. Why would the British attempt this? Britain was the foremost slave trading power in the two decades preceding the Slave Trade Act of 1807, and her government made tremendous profits by transporting human cargo to the New World. Furthermore, the embattled crown committed 13 percent of her navy to a newly formed, “West Africa Squadron” in order to suppress the illicit industry. The squadron would operate until the 1860s and more than 25 percent of its sailors would die, mostly from malaria and yellow fever. Despite these figures, the Royal Navy freed 150,000 Africans from bondage, captured 1,600 slave ships, and burned slave trading depots from the Cape of Good Hope to Morocco, which effectively ended the trans-Atlantic slave trade by 1866.

(more…)

Last night I watched the latest episode of The Apprentice: Celebrity Edition. I have been pulled into the series this year largely because of the compelling finishes where The Donald lectures celebrities about their work habits and managerial ineptness. Dennis Rodman has been a draw because of his incredibly bad behavior.

This was Dennis’ week. His teammates chose him to be the project manager because they hoped he would rise to the challenge if he was running things. It worked, for a short while, then he drank enough to go past caring. First, he got angry. Then, he absented himself from the project he was supposed to direct.

The men’s team lost, which gave rise to the beautiful moment. Motorcycle entrepeneur and reality star Jesse James confronted Dennis Rodman with his drinking problem. The others readily agreed with the diagnosis. Rodman got angry and defensive, mostly offering support of his own worthiness by adverting to his NBA career which has been over for some time now. Finally, getting nowhere, Rodman said in frustration, “I . . . I could kick all y’all’s a**es. Everyone one here.”

Now, I’m not sure that is actually true. Jesse James, for example, was a professional bodyguard at one point. But James didn’t respond to Rodman’s provocation with a physical challenge. His actual reply was devastating:

Then why don’t you kick our a**es at being a good person?

Rodman sat silent.

I called this a beautiful moment for the natural law because Jesse James put the idea out there for millions of people whether he or they realized it. We know what a good person is. We expect people to aspire to that AND to achieve it.

At a minimum, we expect people to be honest, to keep their promises, to be reliable, and to moderate their own behavior out of respect for others. These are things Thomas Aquinas would say we can reason to from the premise of the social nature of man. Rodman did none of that. And he was kicked out.

This year’s national meeting of the Philadelphia Society was my first. William Campbell of LSU invited me (a young-ish faculty member of Houston Baptist University) after reading a piece I wrote on libertarians and conservatives for the Acton Institute. I am very thankful for the opportunity and enjoyed the event very much. The list of attendees was really quite impressive and people were generally interested in and open to others.

At each meal I sat with a different group of people and found the conversation rewarding. There was a strong sense of fellowship and collegiality. I felt that individuals who offered divergences of opinion were treated respectfully and well. It was, in the best sense of the word, scholarly.

However, I write to offer a suggestion. To me, the panels shaded too much to the hall of famer/veteran side and not enough (or even at all) to rising, young talent needing an opportunity to demonstrate what they can do or what new things they have to say. A meeting of this kind would represent a great way for the distinguished members to identify talent and then to figure out how to promote the careers of young people who can seek to build on the previous generation’s successes.

For every paper delivered by a long-standing member who is confident in what he has said and is ready to say it again, there are young people who will work their brains out for a chance to present something impressive to people they respect. The leadership needs to figure out how to move national meetings in that direction to a greater degree.