Returning to the Real Economy

Thursday, April 24, 2008
In the April 24 edition of the Vatican newspaper L’Osservatore Romano, Ettore Gotti Tedeschi focuses on the origins and lessons of the global financial crisis. In a previous article, Gotti Tedeschi argued that the downturn is an opportunity for Italy to reform its economy and cut down on unnecessary public spending.

He now examines what the crisis means for the state of international finance and draws some unusual but noteworthy conclusions. In his view, the principal answer for improving global financial architecture cannot be provided by more government regulation.

Instead, Gotti Tedeschi interprets the crisis as a wake-up call to return to “other rules – older rules which restore the priorities of the banking profession.” These rules of sound economics have been partly eroded by an excessive lowering of interest rates by central banks, inducing other actors to take excessive risks in their financial operations.

The over-stimulation of markets led bankers and business leaders to abandon the path of solid long-term growth in favor of short-term gain: “Too often managers with a poor sense of responsibility have created the illusion of realizing miraculous growth and profitability.” They abandoned the search for “concrete results and above all, long-term sustainability.” His advice is to return “to what is real, responsible and durable.”

He suggests that what is needed is a spiritual refreshment to deepen the understanding of how a successful bank or business is run. This would enable people to resist temporary financial fashions and evaluate real risks and possible gains adequately.

Gotti Tedeschi is in a good position to combine the practical insights of the world of banking with a profound theoretical grasp of business ethics. While he is one of the most well-known bankers in Italy, he has also found the time to write books about the relationship between Christian values and economics.

His advice deserves to be taken seriously. As politicians around the world propose a whole range of new regulation in response to the credit crunch, it must not be forgotten that public authorities provided the markets with cheap money and excessive stimuli. The result was a widely distorted perception of risk and profitability. It would be unfortunate if a period of over-stimulation was followed by a period of over-regulation.
Bookmark Returning to the Real Economy  at del.icio.us Digg Returning to the Real Economy Bloglines Returning to the Real Economy Technorati Returning to the Real Economy Bookmark Returning to the Real Economy  at YahooMyWeb Bookmark Returning to the Real Economy  at Furl.net Bookmark Returning to the Real Economy  at reddit.com Bookmark Returning to the Real Economy  with wists Bookmark using any bookmark manager!

Toward a Theological Ethic for Internet Discourse

Wednesday, April 23, 2008
The relationship of the Christian church and the broader culture has been a perennial question whose genesis antedates the life of the early Church.

In his Apology, the church father Tertullian defended Christians as citizens of the Roman empire in the truest and best sense. If all the Christians of the empire were to leave, he wrote, “you would be horror-struck at the solitude in which you would find yourselves, at such an all-prevailing silence, and that stupor as of a dead world. You would have to seek subjects to govern. You would have more enemies than citizens remaining. For now it is the immense number of Christians which makes your enemies so few,—almost all the inhabitants of your various cities being followers of Christ.”

In the post-industrial Information age, Christians remain at the forefront of social and cultural formation. In the context of the developments at the dawn of the third millennium, the engagement of church and culture has taken on a new form, focused most especially on new forms of technology and communication. The internet in particular, and related “new” media, have raised important issues for the ways in which Christians communicate with each other and with non-Christians.

The basic question has been raised in different ways arising from various concerns. The 2008 Evangelical Outpost/Wheatstone Symposium puts the question thusly: “If the medium affects the message, how will the Christian message be affected by the new media?”

Continue reading "Toward a Theological Ethic for Internet Discourse"
Bookmark Toward a Theological Ethic for Internet Discourse  at del.icio.us Digg Toward a Theological Ethic for Internet Discourse Bloglines Toward a Theological Ethic for Internet Discourse Technorati Toward a Theological Ethic for Internet Discourse Bookmark Toward a Theological Ethic for Internet Discourse  at YahooMyWeb Bookmark Toward a Theological Ethic for Internet Discourse  at Furl.net Bookmark Toward a Theological Ethic for Internet Discourse  at reddit.com Bookmark Toward a Theological Ethic for Internet Discourse  with wists Bookmark using any bookmark manager!

Buckley on Law and Christian Morality

Friday, February 29, 2008
From a CT interview in 1995 by Michael Cromartie:
Certain things which the market authorizes simply in terms of law are unchristian and ought not to be done. The big issue today has to do with the fidelity of marriages. The tendency now to leave your wife because you have an infatuation with a younger woman of tenderer flesh is an enormous temptation. It’s carnal, and it’s also easy to justify with all the solipsistic reasoning that we hear today. That is about the gravest offense that a human being can commit, to throw away a wife.

From this it doesn’t follow that the state should make the law tougher, but rather that the culture needs to be reformed. Modifying the law is only one way, and often not the best, to do that: “...unless we create a virtuous society, it’s not a society that’s going to endure. So the right things should be encouraged and the wrong things discouraged. Today, roughly speaking, there is zero taboo against fornication.”

The whole thing is worth reading, as they say (HT).
Bookmark Buckley on Law and Christian Morality  at del.icio.us Digg Buckley on Law and Christian Morality Bloglines Buckley on Law and Christian Morality Technorati Buckley on Law and Christian Morality Bookmark Buckley on Law and Christian Morality  at YahooMyWeb Bookmark Buckley on Law and Christian Morality  at Furl.net Bookmark Buckley on Law and Christian Morality  at reddit.com Bookmark Buckley on Law and Christian Morality  with wists Bookmark using any bookmark manager!

Some Problems with Protestantism

Thursday, February 28, 2008
Following up on our discussion of the Pew survey on the American religious landscape, I have a few thoughts as to what plagues American Protestantism, particularly of the evangelical variety, and it has to do precisely with the “catholicity” of Protestantism.

To the extent that people are leaving Protestantism, or are searching for another denomination within the broadly Protestant camp, I think there are at least two connected precipitating causes. (A caveat: there are many, many individual and anecdotal exceptions to the generalizations I will make below, and I think they serve to highlight rather than to undermine this basic picture.)

The first is the lack of historical connection to tradition (with a lower case “t”) among American Protestants. Whether by intention or ignorance, the relation of Protestantism to the broader church’s history is sorely under-recognized.

Part of this phenomena is the anti-creedalism, anti-confessionalism of many evangelicals, such that when something like the Apostle’s Creed is even part of a worship service, the church is confessed to be not one, holy, “catholic,” and apostolic but rather “Christian” (or at best “catholic” with a footnote).

Part of it is simple intellectual laziness (i.e. not having the methodological and academic rigor to take up questions of the origins of the Protestant Reformation in its context). The claims of the reformers to represent the authentic “catholic” Christianity of the church’s tradition, focused especially on their grounding in the patristics, must be dealt with responsibly, even if in the final judgment some find these claims to be untenable. More often than not, the claims to the catholicity of the Reformation are ignored rather than engaged.

The second cause is a lack of connection with worldwide Christianity. The “catholicity” of the Church has not only to do with our connection to the past tradition, but also to contemporary believers who live all over the world. If the Pew survey is bad news for American Christianity (and evangelical Protestantism in particular), then the good news is that the church is not limited to North America and that Christianity is growing both by number and by vigor in the global south and east.

Part of the emergent impulse is I think an inchoate and instinctual response to these realities. Wouldn’t it be tragically ironic if at the height of American evangelicalism’s political influence its spiritual core was failing? We need to be concerned about “whitewashed tomb” syndrome, so focused on the external influence of the church on culture, politics, and society that we abandon the church’s primary spiritual calling.

In addition to an increased historical awareness of the roots of the Reformation, one fruitful avenue to explore in making these connections is in the pursuit of a theology of obedience, suffering, persecution, and martyrdom, a theology more along the lines of Tertullian, Kierkegaard, and Bonhoeffer than of the political and cultural Christendom that has so recently dominated the church in Western civilization.

A sampling of some books worthy of consideration that are indirect popular responses to these problems I identify:
Bookmark Some Problems with Protestantism  at del.icio.us Digg Some Problems with Protestantism Bloglines Some Problems with Protestantism Technorati Some Problems with Protestantism Bookmark Some Problems with Protestantism  at YahooMyWeb Bookmark Some Problems with Protestantism  at Furl.net Bookmark Some Problems with Protestantism  at reddit.com Bookmark Some Problems with Protestantism  with wists Bookmark using any bookmark manager!

Onward, Christian soldiers?

Thursday, February 21, 2008
The head of the Church of England and the Archbishop of Canterbury, Dr. Rowan Williams, made international headlines earlier this month when he suggested that the adoption of some aspects of Islamic sharia law into British law was “unavoidable” and discussed the compatibility of sharia law with the established legal system.

Williams’ long speech discusses the pros and cons of ‘plural jurisprudence.’ He does not ignore the repressive aspects of Islamic law, but his main concern seems to be to avoid offending or alienating Muslims in British society.

It is no secret that the Archbishop’s own church is in decline while the number of Muslims in the UK and the rest of Europe is growing rapidly. A church leader should seek to strengthen his own flock as well as remind us of the principles that have created the foundations for a free society.

Williams is seemingly unaware of the consequences that such a lack of moral leadership may have. Many Europeans feel legitimately threatened by Islamic terrorism and fundamentalist intolerance, but they have no well-formed intellectual or spiritual defense. The danger is that the abandoned will be tempted to lend an ear to demagogues (not for the first time in European history) and thereby set off a spiral of still more intolerance and violence.
Bookmark Onward, Christian soldiers?  at del.icio.us Digg Onward, Christian soldiers? Bloglines Onward, Christian soldiers? Technorati Onward, Christian soldiers? Bookmark Onward, Christian soldiers?  at YahooMyWeb Bookmark Onward, Christian soldiers?  at Furl.net Bookmark Onward, Christian soldiers?  at reddit.com Bookmark Onward, Christian soldiers?  with wists Bookmark using any bookmark manager!

Orthodoxy and Economic Globalization

Tuesday, February 19, 2008
AGAIN Magazine has published my “Conflicted Hearts: Orthodox Christians and Social Justice in an Age of Globalization.” The magazine is produced by Conciliar Press Ministries, Inc., a department of the self-ruled Antiochian Orthodox Christian Church of North America.

Excerpt:
Just as there is no real understanding of many bioethical issues without a general grasp of underlying medical technology, there is no real understanding of “social justice” without an understanding of basic economic principles. These principles explain how Orthodox Christians work, earn, invest, and give to philanthropic causes in a market-oriented economy. Economic questions are at the root of many of the problems that on their face seem to be more about something else—poverty, immigration, the environment, technology, politics, humanitarian assistance. In the environmental area, for example, the current debate on global warming is just as much focused on how to finance the means of slowing the rising temperatures of the earth as it is on root causes. And the question always is: Who will pay?

What, exactly, is social justice? It is an ambiguous concept, loaded with ideological freight. No politically correct person would dare oppose it. To be against “social justice” would be tantamount to opposing “fairness.” Today, the term is most often employed by liberal-progressive activists and a “social justice movement” that advances an economic agenda which includes such causes as a “living wage,” universal health care and expanded welfare benefits, increased labor union powers, forgiveness of national debts in the developing world, and vastly increased transfers of foreign aid from rich countries to the poor. Because religious conservatives tend toward support for free market economic systems, they have largely shunned the “social justice” agenda and its government-based solutions.

Read the entire article here.
Bookmark Orthodoxy and Economic Globalization  at del.icio.us Digg Orthodoxy and Economic Globalization Bloglines Orthodoxy and Economic Globalization Technorati Orthodoxy and Economic Globalization Bookmark Orthodoxy and Economic Globalization  at YahooMyWeb Bookmark Orthodoxy and Economic Globalization  at Furl.net Bookmark Orthodoxy and Economic Globalization  at reddit.com Bookmark Orthodoxy and Economic Globalization  with wists Bookmark using any bookmark manager!

Knowing the Gardener II - Abiding and Bearing Fruit

Monday, February 4, 2008
Knowing the Gardener was a look at the “big picture” distinguishing God’s intent for Christian creation care from the rest of environmentalism.

But I must tell you friends, there’s a huge pitfall out there to avoid. It’s a pit God’s been tirelessly digging me out of for some time now. Paul points to it in Romans 8:
There is therefore now no condemnation to them which are in Christ Jesus, who walk not after the flesh, but after the Spirit... [Rom 8:1, KJV]

Salvation through Christ awakens us to a whole new perspective on creation care. But if we’re going to do anything fruitful for the planet in this new life our doing must be in the Spirit, not after our flesh.

But let me back up a bit... (click more to read on)

Continue reading "Knowing the Gardener II - Abiding and Bearing Fruit"
Bookmark Knowing the Gardener II - Abiding and Bearing Fruit  at del.icio.us Digg Knowing the Gardener II - Abiding and Bearing Fruit Bloglines Knowing the Gardener II - Abiding and Bearing Fruit Technorati Knowing the Gardener II - Abiding and Bearing Fruit Bookmark Knowing the Gardener II - Abiding and Bearing Fruit  at YahooMyWeb Bookmark Knowing the Gardener II - Abiding and Bearing Fruit  at Furl.net Bookmark Knowing the Gardener II - Abiding and Bearing Fruit  at reddit.com Bookmark Knowing the Gardener II - Abiding and Bearing Fruit  with wists Bookmark using any bookmark manager!

Campaigning for State Involvement in Education

Monday, February 4, 2008
I came across a troubling essay in this month’s issue of Grand Rapids Family Magazine. In her “Taking Notes” column, Associate Publisher/Editor Carole Valade takes up the question of “family values” in the context of the primary campaign season.

She writes,
The most important “traditional values” and “family values” amount to one thing: a great education for our children. Education is called “the great equalizer”: It is imperative for our children to be able to compete on a “global scale” for the jobs that fund their future and provide hopes and dreams for their generation.

So far, so good. But from the somewhat uncontroversial assertions in that paragraph, Valade moves on to make some incredibly unfounded conclusions. (I say “somewhat” uncontroversial because it’s not clear in what sense education is an “equalizer.” Do we all get the same grades? Do we all perform as well as everyone else?)

Valade simply assumes that an emphasis on “education” as a “family value” means that we ought to push for greater government involvement in education, in the form of funding and oversight. “Education funding should be the most discussed topic of the campaign; it should be the focus of budget discussions,” she writes.

Let’s be clear that the immediate context for these comments are the national primary elections. It’s thus fair to conclude that Valade is talking primarily about the role of the federal government. This is underscored by her claims that “Head Start and pre-school programs are not a ‘luxury’ in state of federal budgets; they are an absolute necessity.”

The problem with Valade’s perspective is that it equates concern for education with concern for political lobbying: “Who will ask for such priorities if not parents? Who will speak on behalf of our children’s well-being if not parents?”

It is the case that the great concern that so many parents have for their children’s education have led them to move them into private schools and even (gasp!) to home school them. There is no facile and simple connection between valuing education and valuing government involvement in education. Given the performance of public schools in general compared to charter schools and private schools, there is an argument to be made that greater government involvement in education weakens rather than strengthens our children’s education.

Placing a high priority on a child’s education leads some parents to want their kids to be instructed in the truths about God and his relation to his creation, and this is instruction that by definition is excluded from a government-run public education. So there’s at least as strong a case to be made that valuing education means that we should lobby for less government involvement rather than more, or at least not think of education as primarily a political issue but rather a familial and ecclesiastical responsibility.

“There are many things the government can’t do – many good purposes it must renounce,” said Lord Acton. “It must leave them to the enterprise of others.” One of those “good purposes” is an education centered on Christian moral formation.

See also: “Too Cool for School: Al Mohler says it’s time for Christians to abandon public schools.”

And: H-Net Review, Religion in Schools: Controversies around the World (Westport: Praeger, 2006).
Bookmark Campaigning for State Involvement in Education  at del.icio.us Digg Campaigning for State Involvement in Education Bloglines Campaigning for State Involvement in Education Technorati Campaigning for State Involvement in Education Bookmark Campaigning for State Involvement in Education  at YahooMyWeb Bookmark Campaigning for State Involvement in Education  at Furl.net Bookmark Campaigning for State Involvement in Education  at reddit.com Bookmark Campaigning for State Involvement in Education  with wists Bookmark using any bookmark manager!

Christians and Libertarians Together

Friday, January 25, 2008
Acton senior fellow Marvin Olasky examines the possibilities in his Townhall.com column.
Bookmark Christians and Libertarians Together  at del.icio.us Digg Christians and Libertarians Together Bloglines Christians and Libertarians Together Technorati Christians and Libertarians Together Bookmark Christians and Libertarians Together  at YahooMyWeb Bookmark Christians and Libertarians Together  at Furl.net Bookmark Christians and Libertarians Together  at reddit.com Bookmark Christians and Libertarians Together  with wists