Thursday, January 24, 2008

The Guidance Capitalism Needs

"To say that capitalism requires a certain kind of moral foundation is to say that capitalism cannot survive permanently in a purely secular society. To quote a recent writer, 'The disinterested devotion which was vital to the creation of the capitalist world order and to the public life of industrial nations and whic rested on a religious idea-system appears as a type of moral capital debt which is no longer being serviced.' ... If capitalism depends on the insights of a moral conscience, then that conscience has to have authority over the working of capitalist economics. ... The conscience that is required to keep capitalism going has no ontological basis. It is a carry-over from an earlier world view."


Lesslie Newbigin, Foolishness to the Greeks, p. 112 (emphasis mine)

The interior quote is B. Wilson, quoted in Habgood, Church and Nation in a Secular Age p. 47

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