The Common Good

In Theory: Has the Market Become a Religion?

 As the economic crisis continues, one religious commentator has come to see it as an issue of morals and values, rather than as a strictly institutional failing.

Jim Wallis, the founder of the Sojourners, a biblical social justice group, wrote, “The Great Recession bears some ‘religious’ reflection, as the market has gradually become all pervasive — a replacement for religion and even for God.” He claims the free market has its own form of priests in the form of experts, that “greed is good” is its mantra, and that to decry its power is a form of heresy.