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The Progressive Review, July
2005
BORN AGAIN ECONOMICS
Putting the money changers back
in the temple
BY SAM SMITH
WHILE A LOT OF attention is being paid to evangelical
Christian extremism, far less is directed towards
an equally dangerous religious sect - the practitioners
of evangelical economic extremism.
Although the latter faith is not often regarded
as an actual religion, it has far more in common
with evangelism than it does with rational
intellectual inquiry or thoughtful academic
analysis. Along with the Christian extremists,
the economic evangelists share an arrogant
certainty, single factor fetishism, missionary
mania, belief in intelligent design, an unlimited
desire to impose their myths on others, and
a rhetoric that is only meaningful if you already
accept their premises. Their arguments are
largely based on iconic folkloric texts and
ignore the true variety of human existence
and its communities and families. And they
both speak in tongues, which they consider
a good thing. The big difference is that while
the Christian bible has the money changers
being chased out of the temple, the free market
bible wants them back in again.
One sect blasphemes its namesake by practicing
such unchristian traits as bigotry, intolerance,
and aggression. The other mocks its namesake
by fostering an economy that is free only to
those who manipulate or steal from it.
In the end, both share an extraordinary narcissism
with one putting their own salvation before
everything else, the other doing the same with
their own power and fiscal fortunes.
There are, of course, plenty of nice economists
just as there are plenty of good Christians.
The former practice their faith for the betterment
of society just as good Christians practice
love, charity, and forgiveness. They use their
faith as a guide for themselves rather than
as a weapon against others.
Increasingly, however, both Christians and economists
have been tarnished by roving bands of heretical
Talibanic bullies who have left the sanctuary
of church and classroom to enforce their narrow
and mean will upon the land. The one would
have us believe that abortion and gay marriage
are more important than housing, health and
a breathable environment; the other that salvation
lies in letting the robber barons do just what
they want.
And as their false doctrine has caused countless
suffering to others, these false prophets have
gained status and wealth, an issue so profoundly
raised by Ray Stevens in his epic work "Would
Jesus Wear a Rolex":
Would Jesus be political
if He came back to earth?
Have His second home in
Palm Springs, yeah, and try
to hide His worth?
Take money, from those
poor folks, when He comes
back again?
For twenty five years, while one sect has increasingly
controlled what we watch and read and how we
mate, the other has helped create an ever more
monopolized economy, indifferent to either
conscience or consumer. One believes that their
particular God and Jesus reveal all truths.
The other says it's the market and money that
does it.
In fact, it is hard to imagine a free market
in a real world, and certainly not in Washington
where 35,000 corporate lobbyists work hard
to make sure the market is anything but free,
as the politicians they have indentured and
the media they have fooled prattle endlessly
about said market's virtues.
Although free market advocates parade themselves
as - and often appear to be - highly intelligent
people, they are either exceptionally deluded
or are perpetrating a massive fraud. As Robert
Kuttner has pointed out, "There is at
the core of the celebration of markets a relentless
tautology. If we begin, by assumption, with
the premise that nearly everything can be understood
as a market and that markets optimize outcomes,
then everything else leads back to the same
conclusion -- marketize! If, in the event a
particular market doesn't optimize, there is
only one possible inference: it must be insufficiently
marketlike. This epistemological sleight of
hand is an astonishing blend that blurs the
descriptive with the normative. It is a no-fail
system for guaranteeing that theory trumps
evidence."
In fact, any moderately observant person, not
brainwashed by a quarter century of contrary
missionary zeal, would notice that in addition
to money, humans are affected by such things
as community, religion, family, friends, social
ambition, politics, virtue, and psychological
faults and strengths. In short, the market
driven society is just another form of false
salvation being foisted on the unwary citizen,
in this case by the Elmer Gantries of rightwing
economics.
As with various forms of religious excess, the
media has played a deeply enabling role. From
the moment the Jerry Falwells of free markets
- Thatcher and Reagan - commenced their con,
the media bought into it with hardly a scintilla
of skepticism. To this day one can easily assume
from the media that there is a constitutional
amendment guaranteeing a free market.
The damage evangelical economics has done of
the country has been stunning, ranging from
the extreme monopolization of American business
to the disintegration of our language into
a collection of corporate cliches. It has destroyed
pensions, made decent healthcare and housing
ever more difficult, and threatened social
security. And yet none dare call these tyrants
bullies, fools or liars.
In the end, it may be argued that all promises
of salvation are false, but if a Christian
evangelist and a market missionary should happen
to ring your door at the same time, go with
Jesus. Even the most extreme Christian advocate
will at least offer you food, shelter, and
warmth. The free marketer will leave you dying
in the gutter, and standing over your last
gasps, proudly tell you that the market was
right again.
(Special thanks to Participating Scholar David
Loy for sharing this article with us.)
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