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 19, 2025 12:15 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
Sharpening the Weapon of Love: From Moralism to Morality
Today at Ethika Politika, I explore the prospects for a renewed embrace of the Christian spiritual and ascetic tradition for ecumenical cooperation and mon good in my article “With Love as Our Byword.” As Roman Catholics anticipate the selection of a new pope, as an Orthodox Christian I hope that the great progress that has been made in ecumenical relations under Pope John Paul II and Pope Benedict XVI will continue with the next Roman Pontiff. In addition, I note...
5 Things You Should Know About Washington’s Birthday
Today in the United States is the federal holiday known as Washington’s Birthday (not “Presidents Day—see item #1). In honor of George Washington’s birthday, here are 5 things you should know about the day set aside for our America’s founding father. 1. Although some state and local governments and private businesses refer to today as President’s Day, the legal public holiday is designated as “Washington’s Birthday” in section 6103(a) of title 5 of the United States Code. The observance of...
Would Hayek Have Supported Obamacare?
“You can be for markets without being against redistribution,” says Erik Angner, a philosophy professor at George Mason University. Angner argues that the Nobel-winning economist Friedrich Hayek offers an alternative to contemporary liberals and leftists on the one hand and conservatives and libertarians on the other. As Amanda Winkler notes, In a controversialPolitco op-ed published in 2012, Angner wrote that while Britain’s National Health System and the price-rigging elements of Obamacare violate Hayekian principles, creating an individual mandate and giving...
George Washington’s Example on Religious Liberty
For George Washington’s birthday, Julia Shaw reminds us that the indispensable man of the American Founding was also an important champion of religious liberty: All Presidents can learn from Washington’s leadership in foreign policy, in upholding the rule of law, and—especially now—in the importance of religion and religious liberty. While the Obama Administration claims to be modating” Americans’ religious freedom concerns regarding the Health and Human Services (HHS) Obamacare mandate, it is actually trampling religious freedom. President Washington set a...
Free Student Activism Kits to Help End Cronyism
Crony Chronicles, an online resource about crony capitalism, wants to help college students and/or campus groups interested in exposing and eradicating corporate welfare. They are offering free kits for anyone interested. These kits will contain: 100 informational flyers on corporate welfare to give to students after they sign a postcard100 post cards addressed to a senator telling them you want to end corporate welfare, and so should theyStamps100 hilarious bumper stickers100 candy coins to give out And great resources to...
Conscious Capitalism and the Higher Purpose of Business
In 1978, John Mackey was 25-year-old college dropout who believed that democratic socialism was a more “just” economic system than democratic capitalism. But his views soon changed after he and his girlfriend borrowed $45,000 from family and friends to open a small vegetarian grocery store in Austin, Texas. Although he was only earning $200 a month from his struggling business, his friends on the left viewed him as a “capitalistic exploiter” who was overcharging his customers and exploiting his workers....
Looking Back: Acton Experts on Benedict XVI’s Election
On April 19, 2005, JosephRatzinger was elected to e the next Pope after John Paul II.Several Acton Institute analysts wrote articles looking ahead to what kind of papacy the world could expect from Benedict XVI. Take a look and let us know how we did. (We’ve added links where they are still available). Alejandro Chafuen, a member of the Acton Institute’s board of directors, wrote a piece on April 20, 2005, titled, “Benedict XVI: A defender of personal freedom” for...
America’s Looming Demographic Disaster
“Our world is overpopulated.” If you repeat something often enough, it es “truth”. In 1968, Paul Ehrlich wrote The Population Bomb, warning that we’d all soon be fighting over food, space, and power as the earth sagged under the weight of all those darned people. He was wrong, of course, and not just wrong: spectacularly wrong. It didn’t keep him from being a celebrity or from his ridiculous notion from being believed. But he was still wrong. In What to...
The Modern Papacy
It can be tempting to judge the papacy, the world’s longest continuously functioning institution, by its various historical stages that often have little relevance to the modern office. While the Chair of Peter remains the central teaching medium of the Roman Catholic Church, it is safe to say that the challenges faced by Popes John Paul II and Benedict XVI are not the challenges faced by Pope Adrian I (772 – 795) or even Pope Leo XIII (1878 – 1903)....
Video: Rev. Robert A. Sirico at the 2005 Papal Conclave
Digging into the Acton video vault, we’ve reposted on YouTube some of the analysis that Rev. Robert A. Sirico, co-founder and president of the Acton Institute, handled as the on-air expert for BBC News in 2005 and, when not on call from the BBC, Fox News, EWTN and others. The fourth video here is from last week’s appearance on Fox, discussing the resignation of Pope Benedict XVI. Check this resource page for updates on Acton’s ongoing coverage of Pope Benedict’s...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved