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
Jan 29, 2026 5:33 PM

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
Religious liberty in employment marches forward across the Atlantic
On Friday, the Department of Health and Human Services issued two interim rules rolling back the HHS mandate, which requires employers to furnish female employees with contraception, sterilization, and potentially abortifacient drugs for “free.” The two rules, which take effect immediately, do not repeal the HHS mandate. One rule grants an exemption to nonprofits, closely held businesses, and some publicly traded corporations that have sincerely held religious objections to its terms. The other allows all but publicly traded corporations to...
‘Work Songs’: A new collection of hymns on work and vocation
In June of 2017, a group of 60 Christian creatives gathered in New York City to discuss and reflect on the intersection of worship and vocation.Known as the The Porter’s Gate Worship Project, the group prised of musicians, pastors, writers, and scholars, aiming to “reimagine and recreate worship that es, reflects and impacts munity and the Church.” Their first album, Work Songs, is a collection of 13 modern hymns, each crafted to connect the meaning and dignity of daily work...
Should we be nudged toward libertarian paternalism?
If the boy is father to the man, then I was raised by a profligate dunce. Even though I had learned the power pound interest in high school, I foolishly squandered my trivial savings at a time when the “eighth wonder of the world,” as Albert Einstein called it, would have had the greatest impact. Had I invested a mere $2,000 in Apple stock on my 18th birthday I would now be $252,039 richer and well on my way to...
Unemployment as economic-spiritual indicator — September 2017 report
Series Note: Jobs are one of the most important aspects of a morally functioning economy. They help us serve the needs of our neighbors and lead to human flourishing both for the individual and munities. Conversely, not having a job can adversely affect spiritual and psychological well-being of individuals and families. Because unemployment is a spiritual problem, Christians in America need to understand and be aware of the monthly data on employment. Each month highlight the latest numbers we need...
Department of Justice memo reaffirms our rights of religious liberty
In May President Trump issued an executive order directing Attorney General Sessions to address several issues concerning religious liberty, including: • Issue explicit guidance from the Attorney General to the Treasury Department to prohibit the revocation of tax exempt status to an organization based on its religious beliefs; • Encourage the Department of Health & Human Services to issue the draft interim final rule providing relief to the contraceptive mandate; • Ensure a Religious Freedom Restoration Act (RFRA) analysis is...
How Christopher Columbus helped bring the School of Salamanca to the Americas
Every Columbus Day gives rise to endless debates and recriminations over the impact of Christopher Columbus’ expedition upon the indigenous peoples of the Americas. No honest observer can dismiss the injustices perpetrated after Columbus’ landing (nor before it), but one benefit of his voyage has been forgotten: It inadvertently exposed the Americas to theSchool of Salamanca. This late scholastic school of Roman Catholic thought emphasized individual rights, human dignity, and economic liberty (particularly against government-sponsored inflation; for more, see Faith...
The surprising good news about child poverty
Here’s some good news you probably haven’t heard: Over the past fifty years the child poverty rate has almost been cut in half, falling to a record low of 15.6 percent in pared to the 1967 level of 28.4 percent. That’s the finding in a new report by Isaac Shapiro and Danilo Trisi of the Center on Budget and Policy Priorities. The “official” child poverty rate provided by the government, though, is listed as 19.7 percent. Why the substantial difference?...
Putting Columbus in context
A few years ago the following quote from Christopher Columbus started making the rounds: For one woman they give a hundred castellanos, as for a farm; and this sort of trading is mon, and there are already a great number of merchants who go in search of girls; there are at this moment some nine or ten on sale; they fetch a good price, let their age be what it will. Sounds pretty damning. Christopher Columbus did, indeed, write that....
Does tying benefit social welfare?
Note: This is post #52 in a weekly video series on basic microeconomics. What is tying and how is this a form of price discrimination? An example of a tied good is an HP printer and the HP ink you need for that printer. The printer (the base good) is often relatively cheap whereas the ink (the variable good) has a high markup, and eventually costs you far more than what you paid for the printer. Why panies tie their...
Who’s afraid of the robot revolution?
Forecasters disagree over whether ing wave of robotic automation will usher in a utopia or a wasteland, but none questions a future where automotons increasingly put human beings out of work.“What Jobs Will Still be Around in 20 Years?” asks the Guardian. “The Future Has Lots of Robots, Few Jobs for Humans,”Wired forecast.Robots and artificial intelligence will take up to 38 percent of all jobs in the United States and 30 to 35 percent of jobs in the EU, according...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved