The Common Good
May 2010

Sins of the System

by John E. Hill | May 2010

Jim Wallis (“A Bad Morality Play,” February 2010) beautifully exposed the false dichotomy between greedy, casino capitalism and communism.

Jim Wallis (“A Bad Morality Play,” February 2010) beautifully exposed the false dichotomy between greedy, casino capitalism and communism. The “father of capitalism,” Adam Smith, excoriated businessmen manipulating the government for private gain and explicitly advocated regulation of banks. His goal was widely diffused wealth, including Main Street and all the side streets. The sins of Wall Street are not just about morality in the religious sense. Those sins have undermined the efficiency of our economic system while turning our economy into socialism for the rich.

John E. Hill
Quincy, Massachusetts

Sojourners relies on the support of readers like you to sustain our message and ministry.

Related Stories

Resources

Like what you're reading? Get Sojourners E-Mail updates!

Sojourners Comment Community Covenant

I will express myself with civility, courtesy, and respect for every member of the Sojourners online community, especially toward those with whom I disagree, even if I feel disrespected by them. (Romans 12:17-21)

I will express my disagreements with other community members' ideas without insulting, mocking, or slandering them personally. (Matthew 5:22)

I will not exaggerate others' beliefs nor make unfounded prejudicial assumptions based on labels, categories, or stereotypes. I will always extend the benefit of the doubt. (Ephesians 4:29)

I will hold others accountable by clicking "report" on comments that violate these principles, based not on what ideas are expressed but on how they're expressed. (2 Thessalonians 3:13-15)

I understand that comments reported as abusive are reviewed by Sojourners staff and are subject to removal. Repeat offenders will be blocked from making further comments. (Proverbs 18:7)