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 29, 2025 3:39 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
Capitalism and Catholic social teaching
Rev. Robert Sirico responded over the weekend in the Detroit News to a letter disputing one of his previous columns. In “Catholic social teaching embraces markets,” (May 21) Rev. Sirico writes that “the fact that the church has no economic models to propose is not the same as saying all economic models are the same. Some have greater moral potential than others.” You can read Rev. Sirico’s initial piece, “Pope Benedict XVI will turn out to be a real liberal,”...
Book smarts vs. street smarts
Many may know that the season finale of The Apprentice was broadcast last night, with the conclusion being a victory for the “Book Smarts” team (college educated or higher) over the “Street Smarts” team (high school only). Arnold Kling at EconLog points out that the contributions of the young and above-average are almost always undervalued. This experientially strikes me as true. His advice: “If you are exceptional and young, you should start your own business. That way, you will get...
The Public Square: “Civic friendship”
From First Things, June/July 2005, No. 154, p. 68 The Public Square: A Survey of Religion and Public Life • Rome Diary, etc., Richard John Neuhaus • “Civic friendship.” What a beautiful idea, but in our rancorous political climate some might be excused for thinking it is a pipe dream. In an instructive little book published by the Acton Institute, Trial by Fury, by law professor (and FIRST THINGS contributor) Ronald Rychlak, applies the idea of civic friendship to tort...
The Public Square: On Ordered Liberty
From First Things, June/July 2005, No. 154, p. 69 The Public Square: A Survey of Religion and Public Life • Rome Diary, etc., Richard John Neuhaus • Of the thousands of books that deserve a review, relatively few get reviewed here or elsewhere. Sometimes we plan a review but, for one reason or another, it doesn’t pan out. Happily, that can be partially remedied by borrowing, as I here borrow from Daniel J. Mahoney’s excellent review of Samuel Gregg’s On...
The art of movie piracy
I recently watched a rerun of Seinfeld, in which Jerry es entangled with a movie bootlegger, and finds out that he has a gift for movie piracy. Jerry’s talent would be the cure for what this Slashdot plains about: “I’ve yet to find a blockbuster movie that isn’t readily available on the net after it opens, but somehow this is still news. It’s still usually worth shelling out the cash to see a version that isn’t fuzzy with garbled sound,...
Technology imperialists at the forefront
This Wired News article examines the European outrage at Google’s announced plans to digitize the holdings of all the world’s libraries. “There is a growing awareness in continental Europe of the technology gap, even with some of the very good technologies they have had, panies like Google, like Microsoft, like Apple … which are presented as almost technology imperialists at the forefront,” said Jonathan Fenby, a former Observer editor and author of France on the Brink. “There is this defensive...
The right to migrate
Dr. Andrew Yuengert, the John and Francis Duggan Professor of Economics at Seaver College, Pepperdine University, discussed the various economic and moral dimensions of the critically important immigration issues facing America today. In an interview on The Jerry Bowyer Show yesterday, Dr. Yuengert discussed “The Right to Migrate”. Dr. Yuengert argues, within the context of Catholic Social Teaching, that there is a “right to migrate,” but it is not an “absolute right.” This means that for policy discussions, “the purpose...
Museum of plastic cadavers
Chicago’s Museum of Science and Industry is currently hosting the Body Worlds show, a display of plasticized cadavers and body parts. According to museum publicity, some 16 million people worldwide have seen the show, the creation of Gunther von Hagens, a German inventor who claims to have created the “plastination” technique. This, basically, is a modern-day form of mummification which allows museums to exhibit skinned and otherwise dismembered bodies in interesting and even entertaining postures. Depending on your point of...
To the moon and beyond
I was born on the seventh anniversary of Neil Armstrong’s historic moonwalk, which may or may not have something to do with my lifelong love of aviation. I have fond memories from my childhood of sitting in front of the pletely captivated by network news coverage of the launch of the Space Shuttle. Now, I’m not even certain that the 24-hour cable networks cover launches anymore. Sadly, for a shuttle mission to make front-page news these days, it has to...
Prayer for all Christians in their vocation
Almighty and everlasting God, by whose Spirit the whole body of thy faithful people is governed and sanctified: Receive our supplications and prayers, which we offer before thee for all members of thy holy Church, that in their vocation and ministry they may truly and devoutly serve thee; through our Lord and Savior Jesus Christ, who liveth and reigneth with thee, in the unity of the same Spirit, one God, now and forever. Amen. –U.S. Book of Common Prayer, “For...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved