Christianity
Christianity and the crash
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At The Immanent Frame thirteen esteemed scholars and journalists offer their responses to Hanna Rosin’s December 2009 Atlantic article, “Did Christianity Cause the Crash?” Below is an excerpt from Sarah Posner’s comments:
The prosperity gospel is a lot older than derivatives, credit default swaps, and other byzantine Wall Street “products” that leveled the financial markets. Moreover, the fact that humans – not God – dreamed up these contrivances doesn’t poke holes in the prosperity gospel at all, at least from its adherents’ vantage point. If you believe and sow your seed, God will reward you, even as the secular Masters of the Universe greedily orchestrate a global economic collapse. Surely the prosperity gospel plays a role in persuading its followers to buy into risky financial schemes, including sub-prime mortgages.