Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to only so far as it may be necessary for promoting that of the consumer. –Adam Smith, Wealth of Nations
To explain how capitalism enables a “sick epectasis,” I need to offer a brief history of the liberal (i.e. “liberated”) market.
Pretty much every economist agrees that capitalism originated with Adam Smith’s Wealth of Nations (a book which most partisans of capitalism have never bothered to read). Smith’s genius was in recognizing that the market is not a zero-sum game in which one person must lose for another to win. Two people, motivated by their self-interest, could both benefit from an exchange. A number of other ideas are connected to this basic insight. Continue reading “Christianity and Capitalism: Windows to Hell (Part 2): Why Christian Enthusiasm for the Free Market Doesn’t Make Sense”
Part one of a three part series where I explore the relationship between an Orthodox view of matter and political economy.
- The Virgin of Simon Mall
(Photo courtesy of Dill Hero)
Being an Orthodox Christian means kissing a lot of icons.
Many Christians shun icons as some kind of “idol worship.” This is an old argument, going back to the eighth century when some Byzantine emperors decided to do away with images of Christ and the saints. Over about 150 years of debate, the church decided that to do away with icons was to deny the incarnation of Christ. As St. John Damascene wrote, to oppose icons is to be Manichaeans. Thus Jaroslav Pelikan said that the council that reinstated icons was, in a way, reaffirming the two natures of Christ. Matter could be venerated because Christ made matter good again. (Find a more “artistic” perspective on icons and a bit more history here.) Continue reading “Christianity and Capitalism: Windows to Hell (Part 1): Why Christian Enthusiasm for the Free Market Doesn’t Make Sense”