The Holy Capitalists - New York Times

The Holy Capitalists - New York Times:

Insights and theories why some peoples and cultures prosper while others stagnate, retrogress or fail.


"These innovations and discoveries, Stark argues, were not made by the newly secular, but by people who had a distinctly Christian sense of the sacred. Catholic theology had taught them that God had created the universe according to universal laws that reason could discover. It taught that knowledge and history moves forward progressively, so people should look to the future, not the past.

The church recognized the dignity of free labor at a time when most other cultures did not. It valued private property and emphasized the essential equality of human beings despite their unequal incomes and stations.

This history is important today. (And not only because Albertus Magnus knew more about reconciling faith and reason 700 years ago than the bogus culture warriors do now.) It's important because whether we are dealing with poverty around the world or at home, it is not enough to simply liberate people and assume they will automatically pursue economic prosperity. People need to be instilled with certain beliefs, like the belief that the future can be better than the present and that individuals have the power to shape their own destiny.

Ideas and culture drive civilizations. The Catholic Church nurtured one of the most impressive economic takeoffs in human history. Today, as Catholicism spreads in Africa and China, it's important to understand the beliefs that encourage people to work hard and grow rich."