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 17, 2026 8:36 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
The Edict of Milan in the History of Liberty
The Emperor Constantine with his mother Helen, both memorated as saints of the Church. This month marks the 1,700th anniversary of the Edict of Milan. While much debate surrounds the relationship of Church and state in Christian Rome, even key figures like the Emperor Constantine (traditionally considered a saint by both East and West), the Edict of Milan is something that anyone who values liberty, religious liberty in particular, ought memorate as a monumental achievement. While a previous edict in...
The Superbowl: The New Day of Solidarity
If there is one day where young and old, Republican and Democrat, black and white, the 99% and the 1%, put down their weapons and disputes, it is on Superbowl Sunday. The game, the ads, the food, and so on, turned Superbowl Sunday into a major spectacle. The spectacle has not gone unnoticed among religious leaders. In fact, as Superbowl viewership has increased to over 100 million in recent years so has the fort about the game and the spectacle....
Rev. Robert Sirico Participates in Debate on Government’s Role in Helping Poor
On Monday, January 28, the Rev. Robert Sirico participated in a debate, hosted by the Aquinas Institute for Catholic Thought, on the role of government in helping the poor. Fr. Sirico debated Michael Sean Winters, a writer with the National Catholic Reporter, on the campus of the University of Colorado in Boulder. The priest said during the debate that with the “overarching ethical orientation” a capitalist economy needs, it can provide for the needs of the poor. No solution, he...
Civil Society and Social Eco-System: Seeking Solutions Beyond Market and State
Over at Fieldnotes Magazine, Matthew Kaemingk offers a good reminder that in our social solutions-seeking we needn’t be limited to thinking only in terms of market and state. By boxing ourselves in as such, Kaemingk argues, Christians risk an overly simplistic, non-Biblicalview of human needs and human destiny: When presented with almost any social problem (education, health care, poverty, family life, and so on), today’s leaders typically point to one of two possible solutions—a freer market or a stronger state....
‘Becoming Europe’ or Coming Full Circle?
America, for the obvious reasons, holds strong ties to Europe. But it is a country that has primarily been associated with a distinctness and separation from the turmoil and practices of the continent. In his farewell address, George Washington famously warned Americans about remaining separate from European influence and declared, “History and experience prove that foreign influence is one of the most baneful foes of republican government.” Class strife, conflict, and instability already long characterized the European fabric at the...
The Plan to Save Catholic Schools
In the Wall Street Journal, Cardinal Timothy Dolan explains how Catholic Schools bat falling enrollment while keeping standards high: I have heard from many leaders in business and finance that when a graduate from Catholic elementary and secondary schools applies for an entry-level position in panies, the employer can be confident that the applicant will have the necessary skills to do the job. Joseph Viteritti, a professor of public policy at Hunter College in New York who specializes in education...
So God Made Paul Harvey
Last night millions of young Super Bowl viewers were introduced to one of the most influential conservatives in modern America. And it was done with mercial. Rush Limbaugh is often credited with the dubious honor of bringing conservative talk radio to the masses. And it is certainly true that Rush paved the way for Hannity, O’Reilly, and other pundits by perfecting the three-hour babblefest. But the true pioneer and undisputed king of conservative radio is Paul Harvey, a man who...
Departing in Peace: Economics and Liturgical Living
In the most recent issue of Theosis (1.6), Fr. Thomas Loya, a Byzantine Catholic priest, iconographer, and columnist, has an interesting contribution on the ing feast of the Presentation of Christ at the Temple (also known as Candlemas or the “Meeting of the Lord”). For many, February 2nd is simply the most bizarre and meaningless American holiday: Groundhog Day. However, for more traditional Christians, this is a major Christian feast day: memoration of the forty day presentation of Christ at...
Celebrating Liberty During Black History Month
Since the 1970s, Black History Month has been a time to focus on some of the highlights of the black experience in America. In 2009, Jonathan Bean put together a wonderful book recounting the vital role liberty played in the American black experience. In Race and Liberty In America: The Essential Reader, Bean demonstrates that from the Declaration of Independence to the Civil Rights Act of 1964 to the 2007 U.S. Supreme Court decision banning school assignment by race, classical...
Obama’s Most Fowl Double Standard
In the 1880s America’s most flighty fad was fowl-bedecked fashion. “Trendy bonnets were piled high with feathers, birds, fruit, flowers, furs, even mice and small reptiles,” writes Jennifer Price, “Birds were by far the most popular accessory: Women sported egret plumes, owl heads, sparrow wings, and whole hummingbirds; a single hat could feature all that, plus four or five warblers.” The result was the killing of millions of birds, including many exotic and rare species. Reporting on the winter hat...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved