Monday, November 24, 2014

Money Wisdom #312

"The power of money is spiritual, not purely social. It calls individuals into the state of subjectivity of the one who participates in the market; it calls them out to be individuals, characterized by violent claims to property, the self-discipline of labor, and enjoyment of freedom and prosperity. It is not sufficient, therefore, to point out the destructive effects of market society and to advise people to return to local or traditional economic activities, for the blessings of enhanced productivity and prosperity available to individuals through the market can always be contraposed to the curses and limitations of traditional life. The morality of the market will always prove more attractive to those who stand to benefit from it than other bases for morality. The theology of money, with its promises, its narcissistic self-positing as the supreme standard and measure of all value, its speculative detachment from current conditions, and its despotic power expressed in debt, can be transformed only by a stronger spiritual power."

Philip Goodchild Theology of Money (2009) p.129

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