Home
/
RELIGION & LIBERTY ONLINE
/
How Donald Trump’s chief strategist thinks about capitalism and Christianity
How Donald Trump’s chief strategist thinks about capitalism and Christianity
Dec 5, 2025 8:33 AM

Soon after winning the election, President-elect Donald Trump created waves of controversyby naming Steve Bannon, his former campaign CEO, as chief strategist and Senior Counselor in the new administration.

Yet while Bannon’s harsh and opportunistic brand of bat and questionable role as a catalyst for the alt-rightare well-documented and rightly critiqued, his personal worldview is abit more blurry.Much has been written of Bannon’s self-described “Leninist” political sensibilities and his quest to tear down the GOP establishment, but at the level of more detailed political philosophy (or theology), what does the man actually believe?

Offering a robust answer to that question, BuzzFeed recentlyunearthed a transcript from an extensive Skype interview Bannon gave to a conference held inside the Vatican in 2014. Though the topics range from ISIL to Russia to the racial tensions within the conservative movement, Bannon spends the bulk of his initial remarks on the intersection of economics and Christianity, offering what’s perhaps the most detailed insight to Bannon’s own thinking that I’ve found.

Given the growing mystery of the man and his newfound position of influence in the next administration, it’s well worth reviewing his views on the matter.

Bannon on wealth creation and “enlightened capitalism”:

I want to talk about wealth creation and what wealth creation really can achieve and maybe take it in a slightly different direction, because I believe the world, and particularly the Judeo-Christian west, is in a crisis…It is a crisis both of capitalism but really of the underpinnings of the Judeo-Christian west in our beliefs.

The underlying principle [that got us out of the 20th century’s wars] is an enlightened form of capitalism, that capitalism really gave us the wherewithal. It kind of organized and built the materials needed to support, whether it’s the Soviet Union, England, the United States, and eventually to take back continental Europe and to beat back a barbaric empire in the Far East.

That capitalism really generated tremendous wealth. And that wealth was really distributed among a middle class, a rising middle class, people e from really working-class environments and created what we really call a Pax Americana. It was many, many years and decades of peace. And I believe e partly offtrack in the years since the fall of the Soviet Union and we’re starting now in the 21st century, which I believe, strongly, is a crisis both of our church, a crisis of our faith, a crisis of the West, a crisis of capitalism.

On the “disturbing” emergence of crony capitalism:

One is state-sponsored capitalism. And that’s the capitalism you see in China and Russia. I believe it’s what Holy Father [Pope Francis] has seen for most of his life in places like Argentina, where you have this kind of crony capitalism of people that are involved with these military powers-that-be in the government, and it forms a brutal form of capitalism that is really about creating wealth and creating value for a very small subset of people. And it doesn’t spread the tremendous value creation throughout broader distribution patterns that were seen really in the 20th century.

On Ayn Rand and objectivist capitalism (“almost as disturbing”):

The second form of capitalism that I feel is almost as disturbing, is what I call the Ayn Rand or the Objectivist School of libertarian capitalism. And, look, I’m a big believer in a lot of libertarianism. I have many many friends that’s a very big part of the conservative movement — whether it’s the UKIP movement in England, it’s many of the underpinnings of the populist movement in Europe, and particularly in the United States.

However, that form of capitalism is quite different when you really look at it to what I call the “enlightened capitalism” of the Judeo-Christian West. It is a capitalism that really looks to make modities, and to objectify people, and to use them almost — as many of the precepts of Marx — and that is a form of capitalism, particularly to a younger generation [that] they’re really finding quite attractive. And if they don’t see another alternative, it’s going to be an alternative that they gravitate to under this kind of rubric of “personal freedom.”

On stewardship and wealth creation / distribution:

Should we put a cap on wealth creation and distribution? It’s something that should be at the heart of every Christian that is a capitalist — “What is the purpose of whatever I’m doing with this wealth? What is the purpose of what I’m doing with the ability that God has given us, that divine providence has given us to actually be a creator of jobs and a creator of wealth?”

I think it really behooves all of us to really take a hard look and make sure that we are reinvesting that back into positive things. But also to make sure that we understand that we’re at the very beginning stages of a global conflict, and if we do not bind together as partners with others in other countries that this conflict is only going to metastasize.

On the importance of religion and faith to capitalism:

One thing I want to make sure of, if you look at the leaders of capitalism at that time, when capitalism was I believe at its highest flower and spreading its benefits to most of mankind, almost all of those capitalists were strong believers in the Judeo-Christian West. They were either active participants in the Jewish faith, they were active participants in the Christians’ faith, and they took their beliefs, and the underpinnings of their beliefs was manifested in the work they did. And I think that’s incredibly important and something that would really e unmoored. I can see this on Wall Street today — I can see this with the securitization of everything is that, everything is looked at as a securitization opportunity. People are looked at modities. I don’t believe that our forefathers had that same belief.

On “entrepreneurial capitalists”:

General Electric and these major corporations that are in bed with the federal government are not what we’d consider free-enterprise capitalists. We’re backers of entrepreneurial capitalists. They’re not. They’re what we call corporatist. They want to have more and more monopolistic power and they’re doing that kind of convergence with big government. And so the fight here — and that’s why the media’s been very late to this party — but the fight you’re seeing is between entrepreneur capitalism, and the Acton Institute is a tremendous supporter of, and the people like the corporatists that are closer to the people like we think in Beijing and Moscow than they are to the entrepreneurial capitalist spirit of the United States.

There is much to applaud throughout these remarks (not least of which his favorable mention of the Acton Institute). And yet just as many questions remain as to how he might apply or reconcile this perspective with the protectionist priorities and nationalistic blind spots of the alt-right and Trump’s stated policy agenda.

As we continue to review and question the patterns of Bannon’s political tactics and partnerships through his former platform, we’d do well to also assess the actual views that lie beneath. Let’s hope for more explanation e.

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
Bernie Sanders Loves to Decry ‘Casino Capitalism,’ But What About Economic Freedom?
Inlast Tuesday’sDemocratic debate, Senator Bernie Sanders stayed true to his famed aversion to capitalism, proclaiming the fanciful virtues of “democratic socialism.” Yet when prodded by Anderson Cooper — who asked, “you don’t consider yourself a capitalist?” — Sanders responded not by attacking free markets, but by targeting a more popular target of discontent: Wall Street and the banks. “Do I consider myself part of the casino capitalist process by which so few have so much and so many have so...
Samuel Gregg: Why Does The Left Keep Winning?
In today’s American Spectator, Acton’s Director of Research Samuel Gregg notes that left-wing politicians, supporters of socialism, and social engineers seem to have taken over – not just in American politics, but globally. Why? Gregg suggests three reasons: One abiding cause of the left’s on-going ascendency, I’d suggest, is that the visible weakening of orthodox religion throughout the West. As the 20th century Jesuit theologian Henri de Lubac observed, liberalized forms of Judaism and Christianity don’t involve abandonment of a...
Family in Decline: How Should Christians Respond?
As Christianity loses influence in the West, and as culture corresponds by taking itscues from the idols of hedonism, it can be easy to forget that most of these challenges are not new. In an article for Leadership Journal, Ryan Hoselton highlights theserecurring “crises,” pondering whatlessons we might learn from Christian responses of ages past. On the topic of family, and more specifically, family in decline, Hoselton points to Herman Bavinck’s The Christian Family,whichtakes aim attherange of threats tothe family...
Life in Exile: Bringing Peace and Prosperity to Rural New York
The Acton Institute’s latest film series is having a profound influence on churches munities of all kinds. Hearts are being stirred and inspired, mindsare connecting mission withculture, and as a result, the church is unlocking a bigger-picture vision of God’s plan for creation. Over at the Letters to the Exiles blog, Evan Koons piling letters and testimonials from viewers of the series, sharing how For the Life of the World is transforming their lives munities. In the latest letter, we...
Only in Jerusalem: Building Institutions Of Freedom
Religious liberty and economic freedom in the heart of … Israel? In September, the foundational message of the Acton Institute was featured at “Judaism, Christianity, and the West: Building and Preserving the Institutions of Freedom,” a conference that brought together Jewish and Christian scholars in Jerusalem. One featured speaker was Professor Daniel Mark, an Orthodox Jew and an assistant professor of political science at Villanova University, Pennsylvania’s oldest Catholic university. Mark is also a visiting fellow in the Department of...
What’s the Real Problem with Payday Loans?
Since its inception in the 1990s, the payday lending industry has grown at an astonishing pace. Currently, there are about 22,000 payday lending locations—more than two for every Starbucks—that originate an estimated $27 billion in annual loan volume. Christians and others worriedabout the poor tend to be very fortable with this industry. While there may be forms of payday lending that are ethical, the concern is that most such lending is predatory, and that the industry takes advantage of the...
Leftist Shareholders’ GMO Crusade Runs Aground on Science
Ahhhh, the Left! So often passionate, so obstinately assured of the rightness of their secular crusades mounted under the variety of flags and anthems espousing “social justice” and “environmental sustainability.” And, unfortunately, so often just plain wrong. Such is the case with As You Sow, the Interfaith Center on Corporate Responsibility and other shareholder activist groups that each year apply their supposed religious authority to the proxy resolutions they submit to panies. Certainly, AYS and ICCR investors believe from the...
Who Protects Us From Government Polluters?
“The rules don’t apply to me,” is a favorite maxim of toddlers, narcissists, and government officials. This is especially true of the legislative branch, which frequently exempts itself—and its 30,000 employees—from federal laws that apply to the rest of us. But just as often government at all levels simply ignores laws it finds too burdensome ply with. A recent study published last month in the American Journal of Political Science titled “When Governments Regulate Governments” found that pared with private...
How Foreign Aid Can Keep Poor Countries in Poverty
Giving foreign aid directly to poor countries may end up keeping those countries poor. For most readers of this blog and others associated with the Acton Institute this claim will be neither surprising nor controversial. Indeed, it’s been a core assumption behind our work on PovertyCure. But until recently, many Americans would have found the idea to be counter-intuitive, if not obviously wrong. But thanks to the work of the Angus Deaton, the recent winner of the Nobel prize in...
The Call of the Martian
I sawThe Martian this week and was struck by the number of resonant themes on a variety of is issues, including creation, creativity, innovation, entrepreneurship, exploration, work, suffering, risk, and civilization. I won’t be exploring all of these in the brief reflections below, but will simply be highlighting some salient features. The municates something seriously important about the threefold relations of human beings: to God, to one another, and to the creation. There will be some potential spoilers in the...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved