World magazine has an update on the Jim Wallis story that I blogged about earlier this week.
A Sojourners spokesman today reversed an earlier Wallis denial and confirmed the organization has received funding from Soros’ Open Society Institute. Sojourners is a leading organization on the religious left founded by Wallis, who is a spiritual adviser to President Obama. Soros is the billionaire financier of Moveon.org, a Democrat-leaning organization that pushes for abortion, atheism, bigger government, and other progressive causes.
In a recent article in World magazine, Acton senior fellow Marvin Olasky urged evangelical minister Jim Wallis to drop the pretense of being post-partisan. Olasky, World magazine’s editor-in-chief, went on to assert that (1) Wallis’s organization, Sojourners, received money from the foundation of secular-leftist George Soros, and that (2) Wallis had lent the Sojourners mailing list to the Obama campaign.
Compared to the Republican Party, the Democrats’ embrace of politicized religion came late. And because Democrats have only in the last 5-6 years learned how to do the God talk (thanks in large part to the efforts of Jim “The Prophet” Wallis) they can be excused as greenhorns when they whine about not getting the Church folk more mobilized for blatantly partisan efforts.
I’ve recently stumbled across the fantastic blog of Craig Carter, a professor at Tyndale University & Seminary in Toronto, and author of Rethinking Christ and Culture: A Post-Christendom Perspective. Take a moment to add it to your RSS reader of choice, and then go ahead and read his thorough critique of Jim Wallis’ hatchet job on the Tea Party movement.
At the Volokh Conspiracy, Todd Zywicki looks at a new article by Zeljka Buturovic and Dan Klein in Econ Journal Watch which aims to “gauge economic enlightenment based on responses to eight economic questions.” Among other things, the researchers filter the survey results for political ideology. Zywicki’s highlights:
Some come like Nicodemus – a religious leader who came to talk to Jesus in private – at night. Many have felt remorseful about what happened on Wall Street and how it has hurt so many people. They describe the behavior in their profession with words such as “greedy,” “risky,” or “reckless.” These business and banking leaders do feel sorry, but repentance means that remorse must be coupled with a change in the behaviors that led to the problems.
The Prophet, who can read their very thoughts (“repentance and accountability were far from their minds”), bids them to change their ways and reminds them about God and Mammon. But it is not so much a conversion of hearts and minds Wallis is asking for, as it is the divine wrath of Washington regulators. His three-point plan (emphasis mine):
First, provide transparency and accountability. Given the human condition and the many temptations of money, we need transparency and accountability in financial markets and instruments, including high-risk and questionable ones such as the now infamous “derivatives.” To protect the common good, we need to enact greater regulation and oversight of all elements of the banking industry.
Second, provide consumer protection. Any pastor can now tell you stories of how parishioners were mistreated, cheated, and damaged by current banking practices. Many clergy strongly favor protecting consumers from predatory financial practices. They want a strong independent Consumer Finance Protection Agency, with jurisdiction and enforcement power over all companies in the financial sector, in order to protect people from fraudulent, misleading, and abusive practices.
Third, limit size and risk, so banks are no longer too big to fail – and are bailed out at public expense. This means setting limits on the size of financial institutions and the risks they can take. Ban bank ownership of private investment funds, and establish an orderly process to dissolve a failing bank, in order to avoid future taxpayer bailouts. Give a stronger voice to shareholders and investors in institutional practices and policies – including determining the executive compensation of companies, and the now infamous bank executive bonuses.
A much more intelligent and balanced analysis of the financial crisis was published yesterday by Russ Roberts, a professor of economics at George Mason University and a scholar at the Mercatus Center. Note the complete lack of cheap moralizing that informs so much of Wallis’ economic “analysis.” This is from the introduction to Roberts’ “Gambling with Other People’s Money”: Read more on Prophet Jim Wallis Explains the Doctrine of Coercive Repentance…
Sign up for Acton News & Commentary here. This week, I contributed a piece on Jim Wallis’ new book.
This class of the very poor – those who are just on the borders of pauperism or fairly over the borders – is rapidly growing. Wealth is increasing very fast; poverty, even pauperism, is increasing still more rapidly. – Washington Gladden, Applied Christianity (1886)
For three decades, we have experienced a social engineered inequality that is really a sin – of biblical proportions. We have indeed seen class warfare, but this war has been waged by the wealthy and their political allies against the poor and the middle class. – Jim Wallis, Rediscovering Values: On Wall Street, Main Street, and Your Street (2010)
One of Jim Wallis’ long running aims at Sojourners is to cast himself as a moderate or centrist (God is not a Republican. Or a Democrat). This is howling nonsense to anyone who pays attention to his policy prescriptions or watches the progressive/liberal company he keeps. With his new book, Rediscovering Values: On Wall Street, Main Street, and Your Street (Howard Books, 2010), Wallis drops all pretense to holding the center as he piles on with the horde of religious left activists and others now demonizing Wall Street. The book, a clip-file pastiche of easy eat-the-rich moralizing, relentlessly pushes for the sort of collectivist policies that even the Obama administration is reluctant to take on directly (to Wallis’ chagrin).
The Wallis publicity machine casts him in the tradition of the Hebrew prophets with their fiery visions and passion for the social application of faith. Alas, he can only scold: “It’s clear that Wall Street has learned nothing, wants to learn nothing, and instead just wants to go back to the same old behaviors.”
With this new book, Wallis has ventured into the nation’s economic life with his cheap outrage. There, he has exposed himself as utterly ignorant of even the most basic economic principles. Not even a disinterested undergraduate halfway through a compulsory Econ 101 would make these mistakes. Case in point:
The market’s fear of scarcity must be replaced with the abundance of the loving God. And the first commandment of the Market: “There is never enough,” must be replaced by the dictum of God’s economy: namely, there is enough, if we share it.
Well, no, wrong. You cannot wish scarcity away. It is one of the most fundamental realities of economic life, involving everything from raw materials to money to the very time we have on God’s green earth. Still less can you wish away scarcity with shallow sentiment and decree that all of humanity will have enough (what is enough?) if we follow the “dictum” of “God’s economy.” Scarcity is not a Republican or a Democrat issue, you might say.
In a new commentary, “Beck Vs. Wallis,” Acton Research Fellow Marvin Olasky takes another look at the dispute between Glenn Beck and Jim Wallis over the meaning of social justice. Olasky, provost at The King’s College in New York, offers suggestions on how to respond to those who would define social justice as merely the expansion of the welfare state.
Acton welcomes new blogger — and long time friend — Rudy Carrasco to the PowerBlog. He also writes at Urban Onramps. Don’t miss Rudy at Acton on Tap on March 31 (6 p.m. at Derby Station, East Grand Rapids, Mich.) — Editors