Showing posts with label economics and religion. Show all posts
Showing posts with label economics and religion. Show all posts

Friday, January 9, 2026

Iran’s Theocracy: An Uneasy Fusion of Religion and Political Economy

As mass protests erupted in Iran during the second week of January, 2026, Iran’s theocracy was on edge. That the protests stemmed from the dire economic conditions facing the people amid staggering inflation, including on basic food staples, rather than from foreign affairs, raises the question of whether religious clergy, including the “supreme leader,” Ayatollah Ali Khamenei, are competent in making economic policy. Without the ongoing political pressure that can come from constituents in a representative democracy, or republic, it is no surprise that the protests in Iran quickly became mass riots. In other words, bad economic policy by religious clerics in power in an autocracy can easily result in popular protests abruptly erupting into rioting. The overreaching of functionaries based in the domain of religion into politics (including economic policy), such that the distinctiveness of the two domains is ignored or obfuscated, can be distinguished from the problems that go with autocracy.


The full essay is at "Iran's Theocracy."

Tuesday, May 20, 2025

Selfishness and Damnation on a Subway

Imagine, if you will, a crowded, standing-room only subway car during rush hour. Even though people are standing, a seated passenger keeps his backpack on the seat next to his. It would be difficult upon seeing such a sordid display of selfishness not to reflect on the person’s values and character. The flipside of selfishness would be obvious: an indifference towards other people, including that which might benefit them. Instead, selfishness, which is self-love that is oriented teleologically to the person’s own benefit (i.e., private benefit) at the expense of benefits to other people and even a society as a whole. The shift from the ethical domain to that of religion may seem easily done—people of bad character are likely to go to hell rather than heaven—but not so fast, lest we presume to be omniscient (i.e., all-knowing) and capable of promulgating divine justice. It is indeed very tempting to relegate selfish people to hell.


The full essay is at "Selfishness and Damnation on a Subway."

Sunday, May 18, 2025

Pope Leo: Poised against Plutocracy?

Poised as the “new Leonine era,” worded as if gilding the proverbial lily as if a golden ring, the installation of Pope Leo XIV reinvigorated Pope Francis’s preachments on the poor and economic inequality because Robert Prevost chose Leo in large part because of Pope Leo XIII of the late nineteenth century, whose “historic encyclical Rerum Novarum, addressed the social question in the context of the first great industrial revolution.”[1] Due to “his choice of pontifical name and his mathematical and legal training, Pope Leo XIV has awakened hope and curiosity among the faithful and the more secular world about the influence the Catholic Church could exert on the economic world during his pontificate.”[2] In the exuberance of a new pontificate, it is easy to get carried away with excitement as to possibilities. Amid Russia’s invasion of Ukraine and Israel’s crime against humanity in Gaza, no one could be blamed for seeking out hope wherever it could be found. Nevertheless, it is important to keep in mind just how marginal the calls of conscience can be, given the onslaught of greed not only in the present day represented by powerful corporate (and related) governmental interests, but also in greed’s institutional accretions built up over time that have a force of their own in protecting the economic (and political) status quo.


The full essay is at "Pope Leo."


1. Sergio Cantone, “How the Pontificate of Pope Leo XIV Could Influence the World Economy,” Euronews.com, May 18, 2025.
2. Ibid.

Tuesday, February 7, 2017

Being Partisan in the Pulpit: Going the Extra Mile


The Johnson Amendment, which became law in the U.S. in 1954 and was named for Lyndon Johnson, then a U.S. Senator, “is a provision in the tax code that prohibits tax-exempt organizations from openly supporting political candidates. In the words of the tax code, ‘all section 501(c)(3) organizations are absolutely prohibited from directly or indirectly participating in, or intervening in, any political campaign on behalf of (or in opposition to) any candidate for elective public office.”[1] I submit that it is in a cleric’s interest to expand this prohibition to include advocating for (or opposing) particular public policies. This general principle would of course be subject to exceptions in which a proposed or enacted policy is strongly anathema to the religious principles of the given religious organization or religion.



The full essay is at "Being Partisan in the Pulpit."




[1] Randall Balmer, “The Peril of Being Partisan at the Pulpit,” Stars and Stripes, February 7, 2017.

Monday, January 9, 2017

A Pro-Wealth Buddhist Temple in Thailand and Pro-Wealth Christianity: Is Religion Inherently Weak?


In Thailand, Phra Dhammachayo, the head of the Wat Dhammakaya Buddhist Temple—Thailand’s largest—could be heard, as of 2016 at least, exhorting non-monk meditators, “Be rich, be rich, be rich!”[1] This pro-wealth message, with its “endorsement of worldly comforts,” has attracted worshippers even as it has “unsettled the government and the Buddhist hierarchy.”[2] Indeed, the top body of Buddhism accused him of heresy—a charge you don’t typically hear in that religion—and stripped him of his religious title. Yet his popularity at Wat Dhammakaya was undiminished. It is no wonder the Temple’s popularity continued to grow, with cash machines placed near a meditation room—the machines’ screens declaring, “Shortcut to making merit.” By giving money, and even credit-card points, to the temple, a Buddhist’s merit can be enhanced. Other things equal, the additional good karma results in a better reincarnation in the next life. The worshippers, or more strictly speaking, meditators, at the temple could presumably be rich in this life and be born into a better life next time around simply by practicing Buddhism.

The full essay is at "A Pro-Wealth Buddhist Temple."



1. Seth Mydans, “Parsing Buddhism in a Shrine to Abundance,” The New York Times, December 21, 2016.
2. Ibid.

Thursday, June 5, 2014

Catholic Social Ethics: On the Free Market and Economic Inequality

In June of 2014, Cardinal Oscar Maradiaga, a “prince” of the Roman Catholic Church, of the free-market system as “a new idol” that increases inequalities of wealth and excludes the poor. Pope Francis had already claimed that personal charity is not sufficient as a remedy—that solidarity with the poor necessitates, in the Cardinal’s words, “dealing with the structural causes of poverty and injustice.” As theorized by Thomas Piketty, that structure includes a tendency under typical circumstances for the rate of return on capital to exceed the growth rate in incomes (and GNP). Faith in the market’s invisible hand and people’s charitable giving do not suffice to counter this tilt. Indeed, Catholic social ethics would have it that faith in perfect competition as an ideal is tantamount to idolatry that operates at the expense particularly of the down-trodden and poor.

The full essay is at "Catholic Social Ethics: The Free Market as an Idol."