Preference for the Poor

There are so many issues around poverty, but the spiritual issue is largely ignored in our consumption-worshipping culture. We’re all supposed to be medium-poor in our frugality of spirit, as we renounce the excesses of empty affluence. Instead we glut ourselves on all the commodities we can wring out of the market, and we ignore… Continue reading Preference for the Poor

Interest: Why Do We Disobey?

Both Islamic and Christian Scriptures strictly forbid anyone charging interest. Why do Muslims obey devoutly, but Christians disobey flagrantly? Spoiler. Westerners were offered a deal they couldn’t refuse. Scrap that particular prohibition on financial exploitation — and we’ll give you riches beyond your wildest dreams. “Ban, what ban? Gimme the goodies!” I’ll start with Christian… Continue reading Interest: Why Do We Disobey?

Moral Protest

My good friend Eric Parsons, challenged me on a poster I put up on Facebook. It read as follows: “The moral crisis of or age has nothing to do with gay marriage or abortion; it’s insider trading, obscene CEO pay, wage theft from ordinary workers, Wall Street’s continued gambling addiction, corporate payoffs to friendly politicians… Continue reading Moral Protest

Economic Armageddon

Armageddon’s kind of a stretch, eh? Well, yeah, but only a stretch. If we get all calm and analytical and social-scientist about it — armageddon includes wholesale moral and social breakdown — system breakdown. And that’s totally on the agenda. It comes to the fore with the Trump fiasco. He’s no libertarian — they believe… Continue reading Economic Armageddon

The Freefall Scenario

Been looking at posts from Chinese social media, where they’ve got it quite right about the downward spiral that’s handed the reins to Donald Trump. That’s because, over 4000 years of recorded Chinese history, they’ve seen empires rise and fall scores of times. It’s old hat to them. The fundamentals are often the same, time… Continue reading The Freefall Scenario

Don’t Blame Prof. Smith

Adam Smith, the Scottish Presbyterian minister and professor at Glasgow University in the 18th century, is often called the father of modern Economics. But he wasn’t an economist. He was, first and foremost, a moral philosopher, who wrote a book about political economy (as it was called for centuries) on the side. His more important… Continue reading Don’t Blame Prof. Smith