The pope is clearly right when he links our recent economic crisis to the modern worship of the gods of finance capitalism.
Welcome Back, Jesus
Forget,
for the moment, that he is the pope, and that Holy Father Francis’
apostolic exhortation last week was addressed “to the bishops, clergy,
consecrated persons and the lay faithful.” Even if, like me, you don’t
fall into one of those categories and also take issue with the Catholic
Church’s teachings on a number of contested social issues, it is
difficult to deny the inherent wisdom and clarity of the pontiff’s
critique of the modern capitalist economy. No one else has put it as
powerfully and succinctly.
It
is an appraisal based not on “just pure Marxism coming out of the mouth
of the pope,” as Rush Limbaugh sneered, but rather the words of Jesus
telling the tale of the Good Samaritan found in Luke, not in “Das
Kapital.” As opposed to Karl Marx’s emphasis on the growing misery of a
much needed but exploited working class, Francis condemns today’s
economy of “exclusion” leaving the “other” as the roadkill of modern
capitalism: “Today everything comes under the laws of competition and
the survival of the fittest, where the powerful feed upon the powerless.
As a consequence, masses of people find themselves excluded and
marginalized: without work, without possibilities, without any means of
escape.”
It
is a message that applies to disrupted worldwide markets in which
massive unemployment is now common, as well as to the underemployed and
working poor who are the new “normal” even in still wealthy America.
They make up the bulk of those ejected from a once largely unionized
industrial workforce, who are now left to compete for low paying
Wal-Mart style jobs that require government handouts to avoid the
extremes of poverty. They are the victims of what the pope refers to as
“trickle-down theories which assume that economic growth, encouraged by a
free market, will inevitably succeed in bringing about greater justice
and inclusiveness in the world.” It doesn’t, and instead “a
globalization of indifference has developed.”
That
is an obvious truth, whether divinely inspired or not. So too is
Francis’ excoriation of “the new idolatry of money,” although here one
can find evidence in Scripture that this idolatry is not so new given
the description in Matthew 21:12 when Jesus “overthrew the tables of the
moneychangers” in the temple. But the pope is clearly right when he
links our recent economic crisis to the modern worship of the gods of
finance capitalism:
“One
cause of this situation is found in our relationship with money, since
we calmly accept its dominion over ourselves and our societies. ... The
worship of the ancient golden calf has returned in a new and ruthless
guise in the idolatry of money and the dictatorship of an impersonal
economy lacking a truly human purpose. The worldwide crisis affecting
finance and the economy lays bare their imbalances and, above all, their
lack of real concern for human beings. ...”
“While
the earnings of a minority are growing exponentially, so too is the gap
separating the majority from the prosperity enjoyed by those happy few.
This imbalance is the result of ideologies, which defend the absolute
autonomy of the marketplace and financial speculation. ... A new tyranny
is thus born. ... The thirst for power and possessions know no limits.
In this system, which tends to devour everything which stands in the way
of increased profits, whatever is fragile, like the environment, is
defenseless before the interests of a deified market, which become the
only rule.”
The
deification of the market rests on denying that ethical considerations
trump the goal of profit maximization. The market itself becomes the
higher power no matter the consequence for the exploited, the poor and
the defenseless. “Behind this attitude,” Francis writes, “lurks a
rejection of ethics and a rejection of God.” That is because ethics
inevitably represents a judgment that “makes money and power relative.”
Finally
there is a stern warning by this leader of a church with many followers
in economically desperate areas that a status quo based on the extremes
of exploitation contains the seeds of its own destruction. “No to the
inequality that spawns violence,” the pope writes with words that apply
to the poverty ghettos of the most affluent nations, words that echo
those used by the Rev. Martin Luther King in organizing anti-poverty
marches at the time of his assassination.
Robert Scheer |
“The
poor and the poorer peoples are accused of violence,” Francis warns,
“yet without equal opportunities the different forms of aggression and
conflict will find a fertile terrain for growth and eventually explode.
When a society—whether local, national, or global—is willing to leave a
part of itself on the fringes, no political programs or resources spent
on law enforcement or surveillance systems can indefinitely guarantee
tranquility.” Amen.
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