Home
/
RELIGION & LIBERTY ONLINE
/
The Economic Blame Game
The Economic Blame Game
May 2, 2026 6:10 AM

Yesterday’s Grand Rapids Press had an attention-grabbing feature graphic, which highlights an online interactive “game” that gives more information about each of the candidates for the “economic blame game” bracket.

Press Graphic/Milt Klingensmith

The four brackets are broken down by group, so the four major categories at fault are 1) the financial industry; 2) consumers; 3) government; and 4) inexplicable forces.

Notably absent are the media (except perhaps as personified in Jim Cramer’s “Mad Money”) and government over-regulation, including especially the Community Reinvestment Act of 1977 and variations on that theme in the intervening decades. To be sure, “deregulation” is a top seed on the government side, and makes the blame game Final Four. But the summary for that option manages to lay the blame on Ronald Reagan and his dictum: “Government is not the answer to our problems. Government is the problem.”

The Press’ pick for the blame game champion is “Fear and Panic.” Writes Press copy editor Dan Hawkins, “So for your consideration, we rounded up 32 suspects and arranged them in a tournament bracket, as we did for White House scandals and the presidential race. For the first time, however, we decided to declare a winner. This crisis, this petition, is too awful to leave without a scapegoat.”

There isn’t really a good representative for what I consider to be greatly culpable, the culture of consumptive capitalism (as opposed to democratic or entrepreneurial capitalism). Consumptive capitalism adds “spend all you can” to the more stable triumvirate of flourishing: earn all you can, save all you can, and give all you can.

And es news that confirms that the recession of the US economy began in December of 2007. The Press’ advice for the ordinary American citizen is “Don’t panic.” If that’s true for the everyday American, how much more so for the Christian.

One reality saves us from the necessity to assign blame to others and enables us to accept responsibility. As we begin the season of Advent in 2008, it is proper for us to reflect on the ultimate “scapegoat,” our Lord and Savior Jesus Christ, who bore the sins of the world on the cross, rose again, ascended to heaven, and is seated at the right hand of God the Father.

Turn your eyes upon Jesus,

Look full in His wonderful face,

And the things of earth will grow strangely dim,

In the light of His glory and grace.

This is not to say that we ignore the hard economic realities of our world. But the “fear and panic” created by material concerns need to be put into proper perspective, relativized and mitigated by hope in one whose kingdom will have no end.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Debating the Ethics of Chimeras
My piece on the debate over chimera research and the relevance of your worldview to the debate appears today at BreakPoint, “A Monster Created in Man’s Image.” Drawing on the work of C.S. Lewis, and among the questions and conclusions included, I write, “Chimera research may indeed have some potential benefits, but we cannot ignore the question of potential costs. What toll does such research take on the dignity of human beings? Must we destroy the human person in order...
How about making it a permanent internship?
Every morning I make a point checking out for unintentionally hilarious news about the workings of the EU bureaucracy. Yesterday there was this article about an internship program with a twist. Instead of ing to Brussels, this one is designed for 350 EU senior officials to spend time with small- and medium-sized businesses in member states. “We don’t need an ivory tower mented Mr Verheugen, suggesting that by acquiring such a “hands-on experience” in SMEs, mission’s administrators will understand their...
Protestants and Natural Law, Part 5
In Part 4, we saw that post-Enlightenment philosophical currents such as Humean empiricism, utilitarianism, and legal positivism are the real culprits in the demise of natural law and not theological criticism from within Reformation theology, as many today take for granted. If this is so, why is contemporary Protestant theology so critical of natural law? The mon reason why contemporary Protestants reject natural law is because they think it does not take sin seriously enough. And the second, which we...
Classical Liberalism, Foreign Policy, and Just War
One of the more lively and illuminating discussions at last week’s Advanced Studies in Freedom seminar revolved around the question whether and how classical liberalism is applicable to foreign policy, specifically with regard to questions of war. In the New York Times earlier this week, Robert Wright, a senior fellow at the New America Foundation, wrote a lengthy op-ed that bears on the relevant questions, “An American Foreign Policy That Both Realists and Idealists Should Fall in Love With.” Wright...
Businesspeople are Evil!
A very, very interesting piece in WSJ this week detailing a study by the Business and Media Institute that looks at how businesspeople are portrayed on television: The study, titled “Bad Company,” looked at the top 12 TV dramas during May and November in 2005, ranging from crime shows like “CSI” to the goofy “Desperate Housewives.” Out of 39 episodes that featured business-related plots, the study found, 77% advanced a negative view of the world merce and its practitioners. On...
Nipsey Russell on Social Security
Nipsey Russell (1918-2005) I was flipping stations tonight and passed the Game Show Network, which was showing reruns of Match Game ’74. Nipsey Russell, the so-called “Poet Laureate of Television,” began the show with this poem for prosperity: To slow down this recession, and make this economy thrive, give us our social security now, we’ll go to work when we’re sixty-five. ...
World Cups of Philosophy and Theology
For those of you who are going through World Cup withdrawal after the defeat of the French by the Azzurri have a fort. I give you the World Cups of Philosophy and Theology. ‘Nobby’ Hegel leads the Germans onto the pitch. The first is a two-part video of the Monty Python skit featuring German philosophers against the Greeks (text here). The German side touts Leibniz in goal with strikers Nietzsche and Heidegger. The Greeks have Plato in net, with Aristotle...
Money for Nothing, or So it Seems
These kinds of stories make me sick, and they are all mon. In today’s Washington Post, a lengthy article examines the Livestock Compensation Program, which ran from 2002-2003, and cost over $1.2 billion. In “No Drought Required For Federal Drought Aid,” Gilbert M. Gaul, Dan Morgan and Sarah Cohen report that over half of that money, “$635 million went to ranchers and dairy farmers in areas where there was moderate drought or none at all, according to an analysis of...
Government and the Decline of Urban Catholicism
Notre Dame law professor Richard Garnett wrote an outstanding piece for USA Today. He argues convincingly that the large-scale and widespread withdrawal of Catholic institutions from many of the nation’s cities has ramifications that extend beyond the interests of Catholics alone. He notes, too, that government has a role to play in facilitating the flourishing of religious institutions such as Catholic churches and hospitals—mainly by honoring a properly understood separation of church and state: Is there anything the government and...
Politicizing Scripture
There’s some discussion at Mirror of Justice (here and here) of Martin Marty’s recent piece in The Christian Century, “Snookered,” which raises the issue of the validity of politicians invoking Scripture, using the example of Tom DeLay. The new progressive Christian approach seems to be to assert, rightly of course, that “God is not a Republican. Or a Democrat,” and is rather more nuanced and convincing than, say, “Jesus is a Liberal.” And since so much politics, aside from a...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved