National Review Online today published Rev. Robert Sirico’s “A House Built on Sand,” his Acton commentary on the financial crisis.
Wall Street has been skewered and denounced in almost every attempt to examine the moral dimension of this crisis. Yet, Wall Street is too often denounced for all the wrong reasons — as a surrogate for the free economy, for seeking and making a profit, as though the alternative was somehow a preferable moral result.
——————– Start of message from list: eni-summary ——– Ecumenical News International News Highlights
24 November 2008
Ukrainian church marks 20th century ‘genocide’ Russia disputes
Warsaw (ENI). Ukraine’s largest Orthodox church has marked the anniversary of an early 1930s’ Soviet-engineered famine, in which millions died, by describing it for the first time as an “act of genocide”, a description rejected by the Russian government. “A crime like this could only happen in an environment hateful of God and man,” the holy synod of the Ukrainian Orthodox Church, which is loyal to the Moscow Patriarchate, said in a statement following an 11 November Kiev meeting. “It will always painfully remind us of the time when the devil reigned over both Ukraine and other nations of the former Soviet community.” [514 words, ENI-08-0944]
Appearing in the next issue of Religion & Liberty will be my review of Philip F. Lawler’s The Faithful Departed: The Collapse of Boston’s Catholic Culture (Encounter Books, 2008). There is no point in dwelling on how well-written and insightful the book is, as it has already won plaudits from other, more significant reviewers, but I can give my own “Acton spin” to Lawler’s exceptional work. Here is the piece in full, an exclusive preview for PowerBlog readers:
Lord Acton’s quotation concerning the corrupting effect of power is widely known. Less so is the fact that the target of his criticism on that particular occasion was the power possessed not by government but by church officials. Acton’s understanding of ecclesiastical authority (as distinct from power) is debatable, but his insight into human nature is not. A case study—not that we need another to file away in the vast archives of the history of human frailty—is the collapse of the Catholic Archdiocese of Boston.
Philip Lawler documents the details in this skillfully written account of the triumphs and travails of Boston’s Catholics. The history is episodic rather than thorough, but Lawler chooses his episodes well. The bulk of his attention goes to the last forty years, and much of that is focused on the sexual abuse scandals of the last ten. For anyone who has followed these developments closely, there will be little in the way of new revelations. Yet Lawler’s style, at once sympathetic and bluntly critical, is engrossing. The devout Catholic reader who was dismayed by the character and scale of the abuse scandal will be drawn back to those unpleasant times when it seemed that each new day brought fresh reasons to be ashamed of one’s faith.
I cannot tell you how many times Catholics have used “the common good” as an excuse for more government involvement in peoples’ lives and the installing of socialistic, “spread the wealth” programs. This version of the common good is the foundation for some people’s idea of distributive justice, but actually it is based on the “Robin Hood fallacy” of robbing from the rich and giving to the poor.
Read more on The Common Good as an Excuse to Override Human Dignity…
The latest issue of Religion & Liberty contains an essay I wrote for Acton about whether the relationship between social conservatives and libertarians can be saved. A student at my university (Houston Baptist University) read the essay and formulated a number of thoughts on his own. I was so affected by what this undergraduate sent me, I had to pass it along:
Linked yesterday on the Drudge Report and picked up by news outlets all over the world is a brief Bloomberg report on a statement from the Italian Finance Minister Giulio Tremonti. Tremonti attributed to Pope Benedict XVI a “prophecy” dating from over twenty years ago concerning the current global financial meltdown.
By now you’ve read one or more stories about the increasing levels of piracy on Africa’s east coast, brought into the spotlight by the recent capture of a Saudi oil tanker.
The Spring issue of Religion & Liberty is now available online. The feature is an interview with Turkish scholar Mustafa Akyol. Akyol was a faculty member at Acton University last summer. The title of the interview is “Turkey: Islam’s Bridge to Religious and Economic Liberty?” In the interview Akyol notes:
Read more on Religion and Liberty: An Interview with Mustafa Akyol…
It is a commonplace in discussions of environmental economics to consider so-called “negative externalities,” a technical term for the bad or damaging consequences of an activity that affects those outside the realm of economic decision-making.
Acton’s Sam Gregg on Public Discourse:
On November 15th, leaders of the world’s largest economies will gather in Washington, D.C., to discuss the ongoing international financial crisis. Figures such as Britain’s Prime Minister Gordon Brown view the summit as an opportunity to reform international financial structures and perhaps create new ones. He and others have spoken of a “new Bretton Woods”—the 1944 international meeting that sought to design an international financial structure for a post-war world.
