Wall Street -- Sightings
Martin Marty, in yesterday's edition of Sightings, posts a series of headlines from the Wall Street Journal, interspersed by commentary and KJV quotes. Yes, what does God think of our follies?
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Sightings 2/9/09
Wall Street
-- Martin E. Marty
This week's collage of Wall Street Journal headlines, none of them explicitly but all of them implicitly evoking "public religion" themes, is broken up by passages from the King James Version of the Bible, and from me – my attempts to see if we can find perspective. For beginnings: Since some of the public some of the time trusted the princes of finance (and government, the church, the academy, et cetera), recall the bracing word of Psalm 146:3: "Put not your trust in princes, nor in the son of man, in whom there is no help." What follows are some effects of helpless princedoms, chronicled.
Now for comment: Most of these devastations occurred because the princes were confident about the future, made bad investments, gave worse advice. Micah 5:12 warns, "...and thou shalt have no more soothsayers." Or: "Go to now, ye that say, Today or tomorrow we will…buy and sell, and get gain: Whereas ye know not what shall be on the morrow…But now ye rejoice in your boastings: all such rejoicing is evil."
From the Thursday, February 5th Wall Street Journal: "More Call for Probe on Financial Crisis." "Kodak Fails to Calm Skeptical Investors." "Auto-Parts Makers Seek Bailout." "Kraft, Sara Lee Reduce Forecasts as Consumers Trade Down." "Roche Offers Dim Outlook as Profit Drops 8 Percent." "Cisco CEO Presages Gloom for Retailers." "Allergen Net Drops 6.1 Percent; Job Cut…" "Station Casinos Mulls a Bankruptcy Filing." "Forget Golf: [Wall] Street Junkets Get Junked." "Securities-Lending Business Made Risky Bets. They Backfired on Insurer." "Mortgage Banks Push for Federal Support." "Prudential Says It Lost $1.57 Billion." "Lazard's Net Falls 36 Percent." "AIGs Risky Wagers Helped Cripple Firm." "Costco's Profit Warning Creates A Warehouse of Worry for Investors."
From Psalm 2:4: "God that sitteth in the heavens shall laugh: the Lord shall have them in derision."
And a postscript: Reinhold Niebuhr, in The Irony of American History, comments about Psalm 2:4's "sting of judgment upon our vanities," that "if the [divine] laughter is truly ironic it must symbolize mercy as well as judgment. For whenever judgment defines the limits of human striving it creates the possibility of an humble acceptance of those limits. Within that humility mercy and peace find a lodging place."
Formal responses to Shandler's "The Virtual Rebbe" will be posted throughout the month by Sarah Imhoff (PhD candidate, University of Chicago Divinity School), Faye Ginsburg (New York University), and Ellen Koskoff (Eastman School of Music, University of Rochester).
http://divinity.uchicago.edu/martycenter/publications/webforum/index.shtml
Sightings comes from the Martin Marty Center at the University of Chicago Divinity School.
Comments
I think the Lord does cause opportunities like today for the church to rise up. Last time it was the government and it grew into the monster it is today.
Its a dream.. but a big one.
Chuck
Keep in mind, that while the early church shared all things in common and no one was in need -- that meant the church not Jerusalem. While the church and its people should do all they can to care for those in need, it is not realistic to assume that charity on the part of churches/non-profits can handle all of the needs, especially the structural/systemic elements. That requires the state.