Market Machinations, Wall Street, and the Ethics of Profit

The BBC recently interviewed a farmer in the American Midwest. He was upset over rising fertilizer prices connected to the Iran War. The markets have spiked due to petroleum and natural gas interruptions and 'supply chain' problems associated with the conflict.

The farmer contended that the US is energy independent. After all this is a point the Right has championed for a number of years - a point even associated with Trumpism. If the US becomes energy independent, it will be able to divorce itself from Middle Eastern instability and entanglements - or so it was argued. Not everyone agreed.

Piety and an Oversimplified Dichotomy

https://christoverall.com/article/concise/which-way-christian-a-contrast-of-david-platts-radical-and-michael-hortons-ordinary/

Chad Lawrence is keen to warn his audience against forms of Pietism and thinks he's found it hiding in the works of New Calvinist author David Platt.

Platt's 'Radical: Taking Back Your Faith From the American Dream' was released in 2010 and made a splash in Evangelical circles. Platt's work has some problems to be sure - he rightly wants to counter American consumerist norms but equates the rejection with a model of piety which is expressed by means of the highly flawed and corrupt 'missions'-ministry approach common in modern Evangelicalism and a kind of missional approach which tends toward an agenda of social transformation. And for the record, a mega-church is hardly the venue for Pietism to sink roots.

Christian Nationalism, the Wilson Ethos, and the Venture Capital Backing American Reformer

Christian Nationalism is nothing new but it has been re-cast and reinvigorated in recent years. Preferential Pluralism once dominated the Evangelical scene. The absolute nature and universal claims of Reconstructionism were considered fringe and even revolutionary and yet now are mainstream. Basically, Reconstructionism lives on in a slightly modified form. It lives on under the aegis of the more recently named Christian Nationalism.

The Usury Dilemma Revisited (III)

Should I dispense with bank accounts? I wouldn't mind doing so but it's increasingly becoming impossible. I tried at one point years ago - operating on a cash basis, paying all my bills with money orders and the like. It's very difficult and frankly pretty miserable. It's not really possible anymore in a lot of urban locations. I live in the boondocks, where there are miles of endless forest, no traffic lights, and more deer than cars.

The Usury Dilemma Revisited (II)

To me the issue is not about specifically paying usury or even enabling those who sin by taking it from me. I don't expect otherwise from the world - though I do admit I struggle with loving these people who right and left beat me down and steal the money right out of my pocket - money I literally earned by my own sweat. And unlike them I labour assiduously to be honest and fair in my dealings - to my own hurt if need be. I would rather have a clear conscience then shrug my shoulders and be like them.

My real issue is with those Christians who have jumped the fence and stand on the Babylonian side - exploiting not just society at large but fellow Christians. I expect the lost to engage in dog-eat-dog ethics - Darwin's survival of the fittest. This is as old as Cain and Lamech. But I do have a problem with the Christians who have entrenched themselves in the system and are right at home in these various industries and sectors of society - making money hand over fist on the basis of what is essentially legal extortion and Babylonian alchemy. I have a problem with Christians who have baptised this law of the jungle, this atheistic ethic that is completely opposed to New Testament religion.

The Usury Dilemma Revisited (I)

...Usura rusteth the chisel

It rusteth the craft and the craftsman

It gnaweth the thread in the loom

None learneth to weave gold in her pattern;

Azure hath a canker by usura; cramoisi is unbroidered

Emerald findeth no Memling

Usura slayeth the child in the womb

It stayeth the young man’s courting

It hath brought palsey to bed, lyeth

between the young bride and her bridegroom

CONTRA NATURAM

They have brought whores for Eleusis

Corpses are set to banquet

at behest of usura.

From Ezra Pound's Canto XLV (1937)

Wrestling with the matter of usury and in light of recent discussions, I have been forced to address the question differently and through the lens of different contexts. This is not a question of situation ethics but rather applying wisdom and some Biblically-driven discernment to a question that is both simple and straightforward but also inescapably complex - and perhaps without solution.

A Parody of Socialism and Whitewash of Capitalism

https://juicyecumenism.com/2024/11/07/answering-socialism/

One need not be an advocate for Socialism to realize that Bernard Mauser is attacking a straw man. If Evangelicals want to offer a critique of socialism, that's fine but if their goal is simply to promote capitalism and to caricature the rival system - then we have a problem not only in the realms of fact and truth, but also with integrity.

Malachi Martin and Rich Church, Poor Church

Back in the 1990's I used to pick up some Malachi Martin works on occasion. He provides insider information about the Jesuits and the Vatican and while I've never agreed with him, I've always found him to be interesting.

I stumbled on his 1984 work 'Rich Church, Poor Church' in a pile of discount books and since it was only $1.50, I decided to pick it up. It was a work I had never encountered before.

Ashurbanipal, Nebuchadnezzar, and the Leaders of Other Evil Empires

https://www.thegospelcoalition.org/article/reagan-evil-empire/

During the Cold War there were three years that stand out - periods in which tension was high and the world stood on the brink of nuclear conflagration. 1962 easily ranks first with the Cuban Missile Crisis. 1973 usually ranks second in connection to the Yom Kippur War and the US raising of the DefCon alert to an elevated '3' - signalling preparations for potential war. The DefCon was not raised by the Americans in 1983, but Moscow was on high alert and many consider it to be one of the most tense periods of the Cold War.

Blair, the Roman Beast, and The Mark (IV)

The visions in Daniel and repeated in Revelation seem to suggest the Roman Empire is the model for the Beast and indeed from the time of the New Testament to the present, the spectre of Rome haunts Christendom. From the Russian and British Empires, to the German, French, and American - all seek to emulate Rome. Whether Republican or Imperial Rome, the Western or Eastern iterations, all look to Rome as the paragon of government, the ideal they aspire to. All are inspired by its institutions and laws - and certainly its architecture. And all muse over its fall.

Blair, the Roman Beast, and The Mark (II)

As Western or even Global society waxes in a more Bestial direction we have to expect heightened opposition and exclusion. If faithful, we should be feeling it even now – even in liberal countries that supposedly are tolerant and don't persecute Christians. They may not execute us in the public square but soft persecution exists and there's a lot of pressure. I'm not speaking of the sort of things one might hear Evangelicals talk about on FOX – struggles over cake baking, cross necklaces, or workers forced to work on Sunday. They're actually part of it in most cases as they support the corporate control of workplace culture, selective censorship, and the economic system that puts profits over people.

The Latest Episode of Media Malpractice and What it Reveals about American Society and the State of the Church

The news is focused on Christmas-related human-interest stories, shopping deals, travel woes, actresses who market their bodies and then complain when they aren't treated with due respect, and the latest absurdities flowing from Trump's reprobate mouth.

The Right is playing up the gruesome murder on a New York City subway - apparently it would have been less of an atrocity if the perpetrator had been a legal resident or citizen. There also remains a fixation on the case of the murdered United Healthcare CEO, even while there are many brutal murders that take place every day and yet don't receive much if any attention or media and law enforcement resources. In other words this murder matters because the victim is part of the same millionaire class the media represents and there is a fear that such vigilantism might spread. Certainly the public outcry of support for the shooter has generated alarm.

Libertarian Myths Exposed and Refuted

https://www.npr.org/sections/money/2024/05/07/1249203297/neoliberal-economics-the-road-to-freedom-or-authoritarianism

The report of this little exchange between Beveridge and Hayek is still relevant. This is all the more the case to me when I consider how the thinking of Hayek, von Mises, Rand, and other godless economists of the Austrian economic and Libertarian school continue to capture the hearts of many Evangelicals.

Another Factor Connected to the Worker Shortage

When considering the worker shortage that seems so evident when one is out and about interacting with the US economy, the various explanations seem dominated by partisan interests. Some argue there are too many benefits, from unemployment to welfare, these deter and discourage work and thus many simply stay home and feed off the system.

Musing on The Verge: Reformation, Renaissance and Forty Years that Shook the World (II)

All things considered, I don't disagree with Wyman's general narrative regarding the rise of the modern West and how it surpassed previous super-power states and cultures like that of the Ottoman Empire.

But rather than celebrate Capitalism and the way it has reshaped the world, I would offer some different narratives to consider.

Musing on The Verge: Reformation, Renaissance and Forty Years that Shook the World (I)

Patrick Wyman's The Verge: Reformation, Renaissance and Forty Years that Shook the World (published in 2021 by Twelve) focuses primarily on the years1490-1530. He argues this period was critical for understanding the modern world as the West moved through these four decades of transition.

In the process of surveying some of the main historical events of this period, he teases out key cultural markers that (he argues) set the stage for the coming period and the world we know today.

Conspiracies versus Conspiracy as a Worldview: The Epistemological and Ethical Rot of Libertarianism (III)

Due to the necessity of expansion and sheer avarice, Capitalism will inevitably turn to the international sphere and with that comes intrigue and war – and that in turn leads to secrecy and propaganda. As the public begins to grasp this, there is an erosion of trust. And if the forces of finance capital have also purchased the news media – the end result is at first mass conformity, but later this will turn to mass cynicism. For those who only see one small piece of the puzzle their already skewed viewpoint will be subject to easy manipulation. There are those who profit from fear and anger and if allowed to fester these emotional responses can take on a life of their own. And it's not just the Right that plays this game.

Conspiracies versus Conspiracy as a Worldview: The Epistemological and Ethical Rot of Libertarianism (II)

It is both sad and frustrating to me that some who are eager to take certain portions of Scripture at face value – like the commands to turn the other cheek, or the teachings regarding the Kingdom of Heaven will at the same time completely ignore the other parts, about mammon and the nature of the world and worldliness.

The Collapse of Yellow and its Context

The collapse of the Yellow Corporation in August 2023 made a brief splash in the news cycle – probably a little too brief. Many individuals and analysts have reason to be concerned when considering the volatility of the US economy as demonstrated by not only this collapse but the numerous banks that have faced difficulty and near collapse over the past year or so.

Desiring to be Teachers of the Law (II)

The Great Commission of Matthew 28 is repeatedly invoked but with a Dominionist overlay that re-casts the passage in terms of a Christianisation that does not exist, that has no premise in the New Testament, is refuted by the New Testament, and in no way reflects Christ's imperative in the passage. He was exhorting His followers to make disciples of the nations – in other words the gospel message is not restricted to the Jewish nation but now goes out into the world and is open and available to all people – a point reiterated and reinforced by Pentecost and the Book of Acts. That offer did not include the Mosaic Law as Acts 15 makes clear.