Free Riding

We are also generally aware of the ways that the culture we oppose – of mobility, deracination and placelessness – is also based upon widespread free-riding. The culture of liberalism – writ large – has always free-ridden on the health and vitality of a pre-liberal, even anti-liberal culture. Most basically it assumes the existence of, but does little to support or replenish, the culture of good families. It relies upon the virtues of children raised in those settings, even as it is suspicious of – even destructive of – what are necessarily â??paternalisticâ?? (or â??maternalisticâ??) features of those settings. It has sought to open every closed association and civil institution, ultimately emptying them of the capacity to elicit loyalty, memory and stability. It relies on the good will and sacrifice of citizens even as it assumes that we are fundamentally rational actors driven by self-interest. Tocqueville wrote of Americans that â??we do more honor to our philosophy than to ourselves,â?? meaning that although we explain all of our actions in terms of self-interest, we actually act out of a deeper wellspring of altruism and fellowship. Over time, he observed, our actions would begin to conform to our words, however, thus eviscerating the deepest and better sources of our behavior.

Similarly, over the past century and a half, liberalism has free-ridden on the millenia-long accumulation of â??resourcesâ?? that it has shown exceptional ability in accessing and utilizing, but very little capacity to spare or save. â??Drill baby drillâ?? is akin to the adolescent refrain of â??itâ??s MINE, itâ??s MINE,â?? uncognizant of the work and fortune that went into every inheritance that we may have come into. We have been free-riding on the back of mountaintops removed, all the while congratulating ourselves for our hard work and accomplishment.

Patrick Deneen Free Riding at the very promising Front Porch Republic

They have already become Muslims

The native Dutch are moving out. Since 2004, more indigenous Dutchmen have emigrated each year than immigrants have moved in. People who have lost faith in God do not fight. They run. Since they do not believe in life after death, this life is the only thing they have to lose. One emigrant Dutchman, a homosexual author who lives in Brussels, writes: “I am not a warrior. I do not fight for freedom. I am only good at enjoying it.” This mentality has affected the whole of Western Europe. A young German woman recently said that it is “better to let yourself be raped than risk injuries while resisting, better to avoid fighting than risk death.” Europe has chosen the path of submission. Islamization is not the cause but the consequence of the collapse of Europe. The very word Islam means “submission.” Many Europeans have submitted already. In that sense, they have already become Muslims.

Paul Belien Reshaping America

Theological economics

What might be some of the most basic faith-derived or faith-related values that we might want to put into our present crisis and its challenges? And I’ll simply suggest three. First – keeping promises. On the whole, religious people believe in a divine agent, power or presence that is faithful, consistent, dependable, truthful. As we seek to live a life that is in harmony with that divine reality, then faithfulness and trustworthiness are utterly fundamental to how we approach our sense of the good life. The further away you are from the people you’re contracting with, the harder it is to keep a lively and vivid and self-critical sense of the necessity of keeping promises.
Second, the sense of living in a world that does not belong to you and is not simply under your control. It is a gift to be stewarded and creatively and justly used. And going with that, of course, the sense that your own will and your own desires don’t necessarily define what’s good for anybody or anything. …in Leviticus we’re told very firmly that the land is, so to speak, lent to you. You don’t own land as a thing; you control the profits of the land over certain limited periods, because the land belongs to the Lord. The earth is the Lord’s, and all that is in it, and that, I think, is again the fundamental principle.
And the third religiously derived and related principle, is the belief that ultimately, what is good for me and what is good for you are not detached, separate, non-connecting things. Finally, my life and your life belong together. My flourishing and your flourishing belong together. …We as Christians talk about the image of God, and Jews also. But however we put it, there is that sense that humanity is, in some sense, one. As a Christian, that would go still further, to the imagery of the body of Christ, in the sense that the suffering of one becomes the suffering of all, and the wealth or welfare of one becomes the wealth or welfare of all.

Archbishop Rowan offers some principles

Long way to Easter 1 – A theological economics

This year’s Lent talks follow the Lectionary readings for the five Sundays of Lent. They will examine our social, political and economic crises and relate them all to a crisis of morale that follows from our uncertainty about the covenant of God. The first talk starts like this:

What the Church says it not only says in Lent and Easter, but in every Church service. Easter simply spells out in large format what is going on every Sunday morning, when on behalf of the whole world the Christian community confesses its sins and receive forgiveness, and so remains a confident people. The Church that is confident of the resurrection is uniquely able to talk about pain and cost, because it is formed by the promise of forgiveness and the hope of redemption.

It continues like this:

We are undergoing a severe economic crisis. What is causing this crisis? Greed is of course some part of the answer but the problem is not only that we have demanded too much, but that we have not demanded enough. We do not value ourselves enough, and all our materialistic impatience and over-reaching is nothing but compensation for this crisis of morale, a failure to value ourselves. We belittle and devalue ourselves in the fear that if we don’t others will denigrate us more. But we denigrate ourselves in defiance of God. God is the true judge of man, and God finds man good and loves him. That is the news of the gospel.

and ends like this:

It is good that creation has limits. It is good that we explore and discover these limits. To burn our way through creation is absolutely impoverishing for us. It gives us no opportunity for moral growth. It does not teach us to husband these resources or to wonder at this creation and care for it. It is only because it is a finite world that we have to learn how to act within it. It is only when we exercise self-restraint that we can act generously and for other people. And it is only the opportunity of acting well and generously, that there is the joy which is the whole point and purpose of creation.

Read it all here

Pause

Sorry, a blog pause appeared there. A sign that some work is underway I always think. I am following Rod Dreher, like everybody else. But if you are desperate for something to read you could have a look at my latest work-in-progress dump at at Scribd. The theological discussion of economics is presently masquerading as Lent talks – skip the first one, which just sets the scene.

Speak up

Here’s one close to home. Rod Dreher is asking what lessons we can draw from ‘St. Cyprian’s writings during an early age of martyrdom that Christians living in contemporary liberal democracies can use to determine when they are obligated to speak up… for their faith, and when they are permitted to keep silent without betraying their faith. He

asked a couple of smart Christian journalist friends who work in secular media why they never wrote about homosexuality, religion and public policy. I know that they’re both interested in cultural and religious matters, and both are conservative Christians. Both of them said to me that they have careers to protect, which is a big reason why they keep their views on that subject to themselves in their writing… One, a graduate student in theology at a Protestant university, told me that you’d have to be an idiot to defend traditional Church and Biblical teaching about homosexuality inside the university today. He said that’s a certain way to end your academic career before it gets started… a professor friend on faculty at a nominally church-affiliated university, who told of a Christian colleague who argued in public for privileging traditional marriage. The teacher had been warned not to do this, because it would end his teaching career at that school. But he felt he had a moral obligation to give his side of the argument. “Sure enough,” said my professor friend, “when the vote on his tenure application came up a few months later, they voted him down. He’s got a wife and small children to support.”

Rod Dreher When do you ‘martyr’ yourself?
Privileging traditional marriage, eh? The man deserves to die, and slowly. When we take his job away so he has no colleagues, no students, no access to libraries or conferences his intellectual contribution will disappear. With no income his self-respect will follow. Over the years he will become a burden to his friends, his family and himself. That ought to do it.
Christians, we have to name these sorts of anonymous processes as martyrdom, and celebrate it as such. And the Church has to teach its own people, not imagine that this can happen in universities, however ‘Christian’.

Missing commitment to future

During the decade leading up to the crisis, current account deficits increased steadily and became unsustainable. Strong domestic investment (much of it in unproductive residential construction) outstripped domestic saving. Government budget discipline dissipated; fiscal policy became pro-cyclical [ie, not counter-cyclical]. Financial regulation and supervision was weak to non-existent, encouraging credit and asset price booms and bubbles. Corporate governance, especially but not only in the banking sector, became increasingly subservient to the interests of the CEOs and the other top managers. There was a steady erosion in business ethics and moral standards in commerce and trade. Regulatory capture and corruption, from petty corruption to grand corruption to state capture, became common place. Truth-telling and trust became increasingly scarce commodities in politics and in business life. The choice between telling the truth (the whole truth and nothing but the truth) and telling a deliberate lie or half-truth became a tactical option. Combined with increasing myopia, this meant that even reputational considerations no longer acted as a constraint on deliberate deception and the use of lies as a policy instrument. As part of this widespread erosion of social capital, both citizens and markets lost faith in the ability of governments to commit themselves to any future course of action that was not validated, at each future point in time, as the most opportunistic course of action at that future point in time…

Willem Buiter Fiscal expansions in submerging markets; the case of the USA and the UK

See also Ambrose Evans-Pritchard, Naked Capitalism, Jesseâ??s Café Américain and Karl Denniger at Market Ticker.

Purging or detoxing debt from an economy is a strained, long-winded and ugly process. Private creditors exacerbate the crisis by imposing a tough diet on the heavily borrowed: they restrict credit; compound interest on defaulted debt; and impose higher real market interest rates. Yet regulators and politicians turn a blind eye to this financial sector quackery, cause of high mortality and unemployment rates amongst otherwise healthy companies – preferring instead to bail out the quacks. So the US faces a larger challenge. How will it cleanse itself of the money-changers that since the 1970s have acted as parasites on the healthy US economy? Those that burdened thriving companies with debt, and then siphoned off a large share of the profits in the form of interest payments? Or used direct debits to drain excessive interest payments from the bank accounts of hard-working Americans? Will they be purged from the system? Or will American politicians and regulators continue to treat them as delicate â??intestinal floraâ?? – vital to the health of the economy?

Ann Pettifor (the force behind Jubilee 2000)

Spengler says

…this is not a business cycle, but a life-cycle malfunction. Your problem is that nervous retirees are making most of the decisions, rather than young families. The trouble is that America is getting grayer. People with young children are spenders rather than savers. Young people take risks, and old people buy insurance. Your country needs more children. Demographic dearth is the root cause of the economic crisis. Too many aging people tried to accumulate too many assets, and created the biggest asset bubble of all time. Lower home prices make it easier for people to start families. The housing price crash transfers wealth from old people to young people. That’s exactly what you want to happen. Rather than spend a trillion dollars to keep overpaid construction union members busy in infrastructure projects, offer enormous tax cuts and subsidies to young families. Increase the per-child deduction to $20,000, and let low-income taxpayers deduct it against payroll taxes. Subsidize mortgages for families with children.
And if you really want to send a message to America, propose a constitutional amendment to reverse Roe versus Wade. Making sex a contact sport rather than a part of life that includes marriage and babies was the beginning of the problem. It’s not enough to tinker with tax incentives, although that surely will help. Americans need to change their own outlook about life. A pro-life Democratic president with a family friendly economic recovery plan would be unbeatable.
The unbeatable Spengler

Maranatha

An Emergency Call to Prayer For Christian Leaders in the UK
11am – 4pm Saturday 28th February 2009 Emmanuel Christian Centre, Marsham Street, London SW1P 3DW

When a nation is in trouble it is right for leaders to call the people to prayer. Our nation is in trouble – more than most people are aware. In December 2008, 80 leaders from churches, politics and business, who are concerned about the state of our nation met in the House of Lords to seek what God is saying to us today about our nation. Those present agreed that:
* The current financial situation is primarily the result of the pursuit of moral choices and values that do not accord with the word of God
* God is calling all churches in Britain torepentance and a season of prayer and fasting for the nation
* The Christian church should reach out to those who are already suffering as a result of the present financial crisis
The United Kingdom, once a missionary powerhouse of the world, is now morally and spiritually bankrupt and our children are left without security, stability or hope. We believe, however, that it is still possible for this nation to be turned around if we turn to God in repentance trusting in His mercy.
The House of Lords meeting is sending out this call to mobilise Christians across the land for prayer and action. You are invited to join in a special day of prayer to bring the national situation before the Lord for his guidance in these troubled times.

More Maranatha events in London

Christians and Capitalists

Professor Philip Booth Catholicism and Capitalism, ‘Faith Matters’ lectures Westminster Cathedral Hall, Ambrosden Avenue, London SW1, 18th March 7.00pm

The Catholic Church has never supported socialism and has often spoken against the excesses of welfare states. However, the Church has never been totally comfortable with capitalism either – and certainly not with the materialism which some argue is encouraged by capitalism. Indeed, individual bishops, priests and laity have often been at the forefront of arguing strongly for government intervention in the economy both in the UK and internationally. At a time when the premises of economic liberalism are being questioned due to the financial and economic crisis, we should ask whether Catholics should feel comfortable with capitalism? Do the economic problems surrounding the financial crisis change the arguments? And can a market economy deal with the grave challenges of environment problems and extreme poverty?

There is plenty of downloadable discussion of Christian economic thought by Philip Booth and others at the Institute for Economic Affairs