A Thinking Reed

"Man is but a reed, the most feeble thing in nature, but he is a thinking reed" – Blaise Pascal

Christians and markets

Here’s a smart article by Kathryn D. Blanchard, a professor of Religious Studies at Alma College. She argues that Christians, especially the Christian intelligensia, need to get beyond abstractions about “the market” and “capitalism” and look at the ways in which particular markets can serve or impede human flourishing.

She makes some points that ought to be better known among Christian thinkers than they apparently are: that markets are as much about cooperation as competition, that in the real world human relationships, including market relationships, are better described by language more complex than that of narrow utility maximization, and that there is great potential for good and evil in the way markets work.

Lately some Christian thinkers have taken to condemning “capitalism” or “the market” wholesale, but, instead of proposing some alternative system like communism or socialism, they propose the church itself as an embodiment of an alternative system of economic practice. No doubt there are good reasons for promoting alternative economic arrangements for various purposes, but Prof. Blanchard is surely right to point out that it’s folly to suppose that markets are evil per se or that one should try to extricate oneself from them:

Most markets in the real world, however, tend to fall somewhere in the grey area between good and evil. They are the media by which moderately well-off, educated, responsible and well-intentioned Christians (you know who you are) acquire objects of ambivalence, such as organic food, liberal arts educations, modest homes, Italian wine, the internet, comfortable or even fashionable shoes, air conditioning, jogging strollers, or beds. These are items that most of us not only enjoy (or hope to enjoy someday) but—let’s be honest—believe we cannot live without, even if we feel somewhat sheepish about them.

Later she writes:

Quixotic attacks on a generalized capitalism can give way to fruitful interactions with particular markets and market behaviors, starting with our own and moving outward—especially with an eye toward the coercive externalities they may visit on our neighbors near and far. We must get up off the communion rail and bear witness to the “kin-dom” of God in small acts such as writing to our elected representatives about justice for migrant workers, supporting news sources that aim to reflect the truth, foregoing meat from factory farms or fresh blueberries in November, or buying carbon credits to offset the last flight we took to an annual meeting.

With God’s help, such humble acts may lead us into bolder ones. It’s not enough to sit at our marketed computers in our market-sponsored offices writing marketable books and articles about how bad “the market” is. Like “the church,” the market is people. Our economic task is to create and support just markets, while crying out against and divesting from unjust markets.

Obviously she isn’t proposing that the market should absorb all relationships. The error of at least some economists and libertarian types is to think that the unregulated market can effectively provide all the necessary goods for society. More sober thinkers realize the need for a strong moral, cultural, social and legal framework to keep the market “in the box.”

Christians, I think, are often uneasy with markets in part because they rely on virtues less exalted than that of self-giving love. But Prof. Blanchard is surely correct when she says that the motives we have when we engage in behavior within markets (like in the rest of life) are more complicated than pure love or pure self-interest. As she wisely says, “the market is people” who are, decidedly, a mixed bag.

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