Wednesday, January 07, 2009

Market vs. morality

If a war were possible between the market and morality there would be a clear winner on the side of right. The market operates in its natural state of unrelenting self-destruction, its tendency to bubble, then to overcorrect. This is good, common sense, freedom of behavior. The current housing crisis offers an example of the possibility of a market vs. morality. Loans were issued to those who couldn’t afford them and outside pressures from government equal to blackmail, encouraged expansion of the unsustainable, unfair system. This was bad behavior. If we are "all one in Christ Jesus," as St. Paul the Apostle preached, we are all one in his call to goodness. Unfortunately, it just a call. Many are called; few have chosen to do the right thing.

0 Comments:

Post a Comment

<< Home