Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Monday, February 25, 2019

Self-Idolatry as the Root of Greed

The film L’Argent (1983) is about how far people will go to get money (l’argent en francais). One major problem with greed is that people who are enthralled by it will go to virtually any length to get money. Even a religion can unconsciously warped to separate greed from earning and having wealth. Historically, Christian thought on greed and wealth has shifted from anti- to pro-wealth. Whether enabled by their religion or not, greedy people will think nothing of other people being hurt in the process. Hence, greed can be reckoned as selfishness incarnate. To claim that money is God not only puts a lower good above a higher one, but also manifests self-idolatry.


The full essay is at "L'Argent."

Sunday, July 12, 2015

Pope Francis on the World’s Economy Idolizing Profit: A Theological Self-Idolatry

During his trip to South America in July 2015, Pope Francis appealed to world leaders to seek a new economic model to help the poor, and to shun policies that "sacrifice human lives on the altar of money and profit."[1] This line reminds me of the ancient Greco-Roman religious practice of sacrificing animals on altars just outside temples dedicated to particular deities. Doubtless no thought went into the animals’ suffering. In the Jewish Bible, God spares Isaac just before Abraham implements Yahweh’s command to sacrifice Isaac. Like the ancient Greeks and Romans, Abraham constructs an altar for the purpose. In Christianity, Jesus Christ is sacrificed on an altar, which typically doubles as a table given the institution of the Eucharist in the Last Supper. This sacrificed lamb personifies God as agape, or selfless divine love, which manifests as benevolentia universalis, or neighbor-love. Sacrificing the needs of others is antipodal to serving them; hence the Roman Catholic pope’s preachment. Missing, however, was the subtle bias within Christian theology ironically in favor of money. 
To be sure, the pope criticized "the idolatry of money and the dictatorship of an impersonal economy lacking a truly human purpose."[2] Idolatry is a strong word; it implies that something or someone in Creation is being worshipped—which is to say, being treated as if it were God. According to the second-century Platonic philosopher Plotinus, the nature of God lies beyond the limits of human perception and conception (even as God is immanent in Creation). Hence God is mysterium.[3] This transcendent essential quality of God is not in my view metaphysical, for otherwise theology would simply be philosophy and the sui generis (i.e., of its own genus, or type) “native ground” of religion would be as void as outer space (although even space presumably contains dark matter). At any rate, to treat anything or anyone on Earth as an idol is to overstate the object’s religious significance. Such an object need not be corporeal in nature; an idea or ideology, for instance, is not beyond the limits of human cognition.
In his The Natural History of Religion, David Hume takes an expanded view of historical religions and finds what he takes to be a natural tendency in the human mind to successively render that which is worshipped in more familiar (i.e., “earthly”) terms. Our brains have trouble holding on to a pure notion of divinity as simple and invisible, so we tend to cloth it with stuff from our world (i.e., not transcendent). By analogy, or Christmas trees become so littered with artifacts that we come to appreciate, even worship, them rather than upholding the tree as it would exist naked and natural. In other words, we fashion God increasingly in terms of our world—the world we know and experience—because it is so difficult for our minds to grasp eternity. The earthly garb can obviously be idolized, and from that it is a slippery slope to treating stuff like money as an idol.
In my view, a way out of the cycle of increasing idolatry is to shift the focus from the nature of the divine as an object to the nature of the sui generis religious experience. In other words, God as love—Augustine’s key phrase—can be taken to refer to the experience rather than to God as an object. Such loving would be transcendental rather than emotional (or eros) in nature. In his Confessions, Augustine’s love for God is sublimated lust—I pine for your scent—and is thus human, all too human.[4] Loving the transcendent is, I submit, a qualitatively different (i.e., unique) kind of love—a different kind of yearning. I further submit that such yearning naturally (i.e., automatically, without intention) renders a person more sensitive to others (i.e., compassionate), and thus more inclined to serve rather than exploit them. As Kant posits, it is ethical to treat other people as ends in themselves rather than only as means.[5]
Treated as an end in itself, economic gain functions like heroin or alcohol to an addict, who finds it easy to dismiss the needs of other people and violate their personal boundaries and even dignity. The addict treats other people as means, hence without having boundaries worthy of respect or even acknowledgement. The malignant narcissism is in Scott Peck’s view a defense mechanism that stems from an inner sense of void, or emptiness, at the person’s core. Like Aquinas and Leibniz, Peck takes the lack of being as evil—God being perfect being. Hence we are worthy of compassion, including benevolentia universalis, because we have some being. Sadly, some people feel they have none deep inside. I submit that such people are particularly inclined to treat money as an idol.
In my view, the idolatry of money reduces to idolatry of self, or self-idolatry because economic gain is none other than the person gaining, or expanding his or her reach and thus being. That is, increasing wealth is a sort of expansiveness of the self and its power. The malignant narcissism wants everything for itself—everything under its control. To treat an object within the sphere of our experience as a religious idol is convenient from this standpoint, as such an object can be controlled.
In God’s Gold, I argue that Christian thought on how greed is related to wealth (money) shifted through the centuries from the dominance of anti-wealth stances to that of the pro-wealth stances. In this shift, the sin of greed became decoupled from profit-seeking and wealth, so the latter two could be deemed even salubrious (i.e., without the taint of greed and in fact good!). I suggest that this shift completed in the Renaissance, and that the major Reformers failed to hold back the momentum of the pro-wealth theological attitude (and values). To explain all this, I posit a theological bias, which is rooted in self-idolatry, subtly fueled the shift “from within” the religion. After all, both Luther and Calvin lived in the same commercialized Europe of the sixteenth century.
Therefore, whereas the pope was pointing to profits as the idol, I contend that the idol behind the idol is self-idolatry. He would doubtless agree. However, he would not likely see a bias toward it nestled in Christian theology itself. In other words, the pope may unwittingly have been facing a headwind from both the pro-wealth stance being dominant in Christianity at the time and the underlying theological bias in favor of the corporeal, or earthly, of which wealth is a species.
Turning now to a solution to the culture of greed and the related idolatry of money, the pope was cognizant of his limitations. In place of unbridled capitalism, he called for a new economic system that puts wealth in service to humanity rather than vice versa. “Human beings and nature must not be at the service of money.”[6] “Let us say no to an economy of exclusion and inequality, where money rules, rather than service. That economy kills. That economy excludes. That economy destroys Mother Earth.”[7] Faced with this daunting problem, the pope was realistic concerning himself and his Church. “Don’t expect a recipe from this pope. Neither the pope nor the church [has] a monopoly on the interpretation of social reality or the proposal of solution to contemporary issues. I dare say no recipe exists.”[8] That is to say, humanity had become so inured to serving as the instruments of profits that scarcely any ideas existed at the time to turn the arrow around.
The reference to social reality is interesting, for the Catholic Church historically had hardly been silent in furnishing one. For instance, people were to view themselves as the center of the universe—the Earth lying at the center. Furthermore, slave-owners could cite Paul’s dictum that slaves should obey their masters. The more a religious functionary focuses on social reality, the less he or she is oriented to the transcendental experience—and thus the less he or she is naturally apt to be compassionate. Abstractly speaking, reality is metaphysical rather than religious, and the social dimension of human experience is hardly transcendent, even if regular transcendental experience, or yearning, naturally stimulates compassion as a by-product.
Regarding the reference to Mother Earth, the pope meant that humanity had no idea as to a global system compatible with solving the climate-change problem. So used are we to the international geo-political system of sovereign nation-states that even the design of a global governance infrastructure capable of enforcing reductions in CO2 emissions eludes our intellectual grasp—to say nothing of how such a system could be implemented.
In short, the pope was calling for a new world order welling up from those people whom Jesus had paid particular attention to—the poor. In the contemporary context, the people to whom the pope was addressing were much broader than the poor; he was addressing the 99 percent and asking us why we passively stand by as an evil system built around the idolatry of money, and ultimately of self, spreads around the world, taking from us the very air that we breathe. Besides people coming up with ideas and becoming politically active, Christian leaders and laity alike could take a look at how Christian theology subtly enables the idolatry of greed manifesting in money or wealth as an end in itself that encompasses not only Creation, but lends transcendent purpose as well.

caritas naturalis seu benevolentia universalis


[1] Philip Pullella and Daniela Desantis, “Pope Francis Condemns Corruption and ‘Unbridled Capitalism,’ in South America,” Reuters, July 12, 2015.
[2] Ibid.
[3] See Rudolf Otto’s book, Idea of the Holy.
[4] Augustine draws on Plato’s Symposium wherein sublimated lust is directed to love of the eternal moral verities. Augustine replaces them with God. I am suggesting that such love, or caritas, is too much of our world and experience to serve us in a transcendent capacity. Calvin is similarly critical of caritas.
[5] This version of Kant’s categorical imperative is known as the kingdom of ends. It is typically likened to the Golden Rule. See Kant’s Practical Critique of Reason.
[6] Jim Yardley and William Neuman, “In Bolivia, Pope Apologizes for Church’s ‘Grave Sins’,” The New York Times, July 10, 2015.
[7] Ibid.
[8] Ibid.

Saturday, June 14, 2014

Pope Francis on Youth Unemployment, War, and the Idolatry of Money

It is not often that the global economy’s military-industrial complex is tied to youth unemployment and, moreover, to the idolatry of money. Yet this is precisely the thread woven by the spiritual leader of the Roman Catholic Church. While the pope’s comments risk a certain overreach from the theological to the terrain of international political economy, which proffers its own body of knowledge, it can also be said that having a transcendent referent as one’s focus enables a person to make subtle taken-for-granted assumptions in our economic, social, and political systems transparent. In articulating an economic (and related political) center and giving it a distinctly theological interpretation stemming from the Biblical passage, “For where your treasure is, there your heart will be also,”[1] the Roman pope provides the world with a way to do political economy from a distinctly religious vantage-point.

“At the center of all economic systems must be man, man and woman,” the pope asserts; “everything else must be in service to this man.[2] In itself, this claim is not religious in nature. Rather, the tone is philosophical, reminiscent perhaps of Kant’s “kingdom of ends” in which morality means respecting rational beings as objective ends in themselves, rather than only using them as means. For Kant, a lack of goodwill, due to pathology, lies behind the lack of adequate respect that would otherwise put people first—hence the need for public legal justice. This is not to say that Kant secularizes the matter completely; any rational creature is an end in itself “by virtue of the autonomy of his freedom he is the subject of the moral law, which is holy.”[3]  Using reason, the rational being is an assigner of value; such a being thus has absolute value (hence deserving to be treated as an end in itself, rather than merely a means to someone else’s agenda). Now a rational being is uniquely free to subject himself to his own law, which, given the necessity that lies in reason itself, binds him.  “The moral law is holy (inviolable),” Kant writes; “the humanity in his person must be holy to him.”[4] For Kant, the humanity is the rational nature, which makes the moral law sacred because reason cannot be bent out of sheer caprice. Put another way, rational beings have absolute value in that we use reason to hold ourselves as if by necessity (though freely) to that which we assign value to.

Pope Francis can be read as substituting love for reason—that men and women are made out of love, and thus inherently to be loved rather than used as mere means. Here we can discern glimpses of Leibniz’s claim that human beings are due love as a matter of justice as per the extent of being or existence that we have, and Augustine’s emphasis on caritas, or human love that can be sublimated to love of God.

Whereas Kant points to pathological self-love as thwarting the respect due beings of love, Pope Francis argues in terms similar to Aquina’s misordered concupiscence—placing a lower good above a higher one. “(W)e have put money at the center, the god of money,” the pope claims. “We have fallen into a sin of idolatry, the idolatry of money.”[5] Where your treasure is, there may be found your heart. In this case, money, which Aristotle calls barren metal, has come to be loved rather than other people, not to mention God, which as Augustine stresses, is love itself. The basic problem, in other words, is warped priorities.

Not surprisingly, greed is not far away, lying behind money as a god at the center of all. “The economy is moved by the ambition of having more.”[6] That ambition is an end in itself, so no amount of money is ever enough. Interestingly, we can distinguish ever-lasting here from the eternal; whereas love cuts through time in having value, greed is of infinite, or unlimited, desire. Value that cuts through time, such as holds with love, gets expunged by the all-consuming god of money. Put in Kantian terms, people are treated as mere means rather than also as ends in themselves.

It is no wonder that the young and old are tossed to the wayside because of their relatively low utility. Regarding youth unemployment, the pope had this to say. “(W)e are discarding an entire generation to maintain an economic system that can’t hold up anymore, a system that to survive must make war, as the great empires have always done.”[7] The system, being designed to funnel money, must be protected, and it is no accident that the people-as-means, or human resources, attribute so easily translates into an economy of war. Rather than being at the center, the human being is reduced to collateral damage, or targeted outright.

Because “a Third World War can’t be done, they make [regional] wars,” the pope explains.[8] This involves the production and sale of weapons, which sorts out “the balance sheets of the idolatrous economies, the great world economies that sacrifice man at the feet of the idol of money.”[9] Here the pope explicitly relates making money an idol of inviolable worth and sacrificing people as if they are worthless. Barren metal, in other words, is put over beings capable of holding themselves to a moral law and of loving themselves and others—even those who would sacrifice them on an altar of gold. Not unexpectedly, an international political economy oriented to sustaining an arms trade divides economies—even sorting them reductively along the lines of weapons production and consumption. The United States is a “superpower,” whereas Africa has value only in as much as it has the wherewithal to purchase weapons and sustain its intestine squabbles.

Once held up as a coming cacophony of diversity “like a polyhedron, all united but each preserving its particularity, its wealth, its identity,” globalization has become impoverished, “a sphere in which all points are equidistant from the center” whose sheer gravity “takes away the wealth of diversity of thought and therefore the wealth of a dialogue between peoples.”[10] That is to say, the reductionistic, weapons-oriented organizing principle of the global military-industrial complex saps globalization of its many differences, essentially nullifying this sort of wealth in favor of a more banal form in which the dark hole of a bank vault functions as a god with a suffocating embrace.

Beware the military industrial complex. U.S. President Eisenhower delivered this starkly public warning as he embraced some free speech in his farewell address in 1960. It is dangerous to have so much financial and related political interest lined up on the side of war. This is hardly unknown, yet we tolerate it because the interests of capital have beguiled us into supposing that they have labor’s back. In other words, we have been made to fear the onslaught of mass unemployment that would ensue from a structural realignment off the weapons trade. 

In his interview in 2014, Pope Francis takes a more subtler look at what is really at stake. Whereas historically religion and then morality operated as viable constraints on the profit motive, the god of money seems to have a relatively free hand as of the early twenty-first century at least; correspondingly, people are secondary, and thus expendable, in the system designed and inhabited by the same. Money has come to be regarded as an absolute, with the worth of persons being defined exclusively according to its measure. Put another way, the unit of measurement has become an end in itself—inviolable, and thus an idol—while the measurers—the assigners of value—have come to accept their place as mere means, or human resources. 

Living in the “system”— an artifice entirely changeable even in its basic contours—many people just assume that the constantly-felt subterranean, subtly existential instability or uncertainty is a necessary part of life. Life means being expendable. Life means that money rules. From a transcendental referent point, a spiritual person can see the world differently—atypically—and thus make transparent our systems’ basic premises. Once recognized, they can be changed; the changers can take back their innate power to set the priorities for the systems, whether they are social, economic, or political in nature, and to see to it that the designs are in sync with those priorities. Where our treasures are, there too are our gods.




[1] Luke 12:34; Matthew 6:21. Not being in Mark, the source is likely the book of Q (which stands for Quelle, or “source” in German), a book of Jesus sayings hypothesized to have been a source used by the writers of Luke and Matthew.
[3] Kant, Critique of Practical Reason (1788)
[4] Ibid.
[6] Ibid.
[7] Ibid.
[8] Ibid.
[9] Ibid.
[10] Ibid.

Saturday, February 22, 2014

Pope Francis Goes After the Idolatry of Money: A Theological Critique of Wall Street

How far must religion extend to retain its potency? Is religion like the law, having its fingers into everything? In Evangem Gaddium, Pope Francis formally puts his imprint on economic policy from a theological standpoint. The question is whether the connection is a bridge too far.
The Pope presents his intended nexus explicitly in the term, "idolatry of money.”[1]  With Wall Street and London undoubtedly in his sights, the Pope draws on the historical theological stance that the sin of greed is in turn based on idolatry. Lest it be presumed that treating money as an idol in the created realm is the bedrock, the decision to idolize money honors the idolizer. Therefore, greed is ultimately founded on self-idolatry: a creature vaunting itself above even its Creator. The question is whether the theological fix can be as specific as the Pope specifies in his first apostolic exhortation. Moreover, is even an ethically salubrious economic policy the answer to a sin or a category mistake?
In terms of policy, the Pope extolls politicians to guarantee all citizens "dignified work, education and healthcare."[2] In effect, he would have human rights applied on an economic basis. Additionally, he calls for an overhaul of the financial system and warns that unequal distribution of wealth inevitably leads to violence. "Just as the commandment 'Thou shalt not kill' sets a clear limit in order to safeguard the value of human life, today we also have to say 'thou shalt not' to an economy of exclusion and inequality. Such an economy kills."[3]  Before issuing his 84-page paper, the Pope had spoken out against the clergy and laity who obsess on abortion by pushing a particular partisan position. Severe economic inequality kills too. This is not to say that the Pope advocates “a simple welfare mentality.”[4] Even if the Pope obviates charges of partisanship along familiar ideological divisions, the question remains: Is the Pope implying in his writing that significantly reducing such inequality also restores the inequality between the self-idolater and God?
The Pope may indeed inadvertently reduce a fundamental (and enduring) theological problem to a policy solution in claiming, "As long as the problems of the poor are not radically resolved by rejecting the absolute autonomy of markets and financial speculation and by attacking the structural causes of inequality, no solution will be found for the world's problems or, for that matter, to any problems."[5] Presumably the cleric would not have excluded the theological variety. Hence, given all that rides on the economic prescription being advocated by the Pope, he asks for divine intervention capable of reaching down into the bowels of legislative business. "I beg the Lord to grant us more politicians who are genuinely disturbed by the state of society, the people, the lives of the poor."[6] Is this not akin to begging the Lord to take sides in a bloody war, and, moreover, is it not at least slightly presumptuous  to take it as a given that God is the sort of ultimacy wherein particular policies or positions matter? 


2.Ibid.
3. Ibid.
4. Ibid.
5. Ibid.
6. Ibid.

Wednesday, May 2, 2012

Quitting Money: Crazy in Christian Terms?

In 12 years, Daniel Suelo has not made a penny; neither has he spent one. In 2000, he left his remaining $30 in a phone booth (remember those?) and never looked back. He went on to live on public lands, foraging for food and accepting alms from others.  Mark Sundeen, who wrote The Man Who Quit Money about his friend, told an interviewer, “I assumed he had gone crazy or had some kind of mental breakdown. But that is not the case.”[1] The key to unpacking Suelo’s life-choice is to view it as a spiritual journey.

Throughout the history of Christianity, theologians have expressed various views on the relationship between greed and profit-seeking (wealth). Suelo’s path is in line with the strict anti-wealth school expressed in the writings of Tertullian, Ambrose, Jerome, and Justin, and demonstrated in the lives of Paulinus of Nola and Godric of Finchale. Godric was a merchant-trader during the first century of the Commercial Revolution of the High Middle Age. He believed that any profit or wealth were utterly incompatible with salvation, so he gave his buried fortune to the poor and lived for fifty years as a hermit. By modern standards, Godric’s choice looks bizarre—even crazy. The key to understanding Godric’s choice is to view it as part of a spiritual journey.

One question for us moderns is whether an established though by now rare religious take on whether profit-seeking and accumulated wealth evince underlying greed is nonetheless a sign of mental illness. Even within Christianity, the strict anti-wealth stand has been moderated (Augustine and Luther). More broadly, moderated and full pro-wealth positions have been expressed by the likes of Clement of Alexandria (a hybrid stance), Aquinas, Calvin, and the Christian humanists of the late Renaissance. In fact, Ficino, a priest in Naples during the fifteenth century, wrote that love of gain is justified because humans are gods on earth by virtue of the control we have over natural resources. In modern times, the prosperity gospel has preached material wealth for the true Christians. Clearly, Christian thought has spanned a wide spectrum on whether profit-seeking and wealth intimate the presence of greed.

Given the span of perspectives just in historical Christianity alone, Suelo’s choice can seem extreme and therefore as bizarre and at the very least unnecessary.  However, it could also be the case that what had been an ideal in early Christianity preached by Jesus has been gradually undermined by greed whose gravity tends in the direction of wealth. If so, what is seems normal today may in Christian terms be rather decadent—even sinful—and what seems bizarre might be truer to form. My point is that it would be rather unwise of us to rely on the societal norms of our day—as if deviance from them automatically means someone is crazy. Just as a religion can falter, so too can a society. In such a context, it is only natural to suppose that false criteria are true—as authentic and valid—and therefore to look at people like Suelo through lenses that we presume are clear yet are like a dark, smoky glass.


See related essay: “A Preface to Godliness and Greed”


1. “He ‘Quit Money’ and Is Still Living a Happy Life,” MSNBC, May 2, 2012.