Home
/
RELIGION & LIBERTY ONLINE
/
Myths Christians Believe about Wealth and Poverty
Myths Christians Believe about Wealth and Poverty
Mar 28, 2026 9:43 PM

Dr. Jay W. Richards gave an impassioned address at the heavily attended Acton Lecture series yesterday titled, “Myths Christians Believe about Wealth and Poverty.” This topic was especially relevant for me because I graduated from a Wesleyan Evangelical seminary, which constantly preached and proclaimed so many myths Richards addressed, especially “the piety myth.” This was a big problem in seminary, as the gospels were often linked to promoting the modern welfare state, and its goals of wealth redistribution.

Richards said the piety myth “focuses on our good intentions rather than the unintended consequences of our actions.” An example he provided was rent control, which causes major shortages in housing, and of course the quality of housing. Moderately priced housing also diminishes significantly munities with rent control.

Another essential example cited by Richards was the “zero-sum game myth,” which holds that wealth gained in one place always means that wealth was lost someplace else. To illustrate this myth, Richards used the example of pie, saying that if somebody cuts for themselves a larger piece by proportion, somebody else of course loses out. Most economists and entrepreneurs however understand that wealth is created, and Richards used the example of sand and the explosion of the microchip. Natural resources are one example of something being harvested for production and consumption.

While I was at seminary the hip thing was crusading against the retail giant Wal-Mart. Many students wanted to play the William Wilberforce role by freeing Wal-Mart suppliers from “slave trade” status. Wal-Mart was constantly accused of not providing a living wage, closing down small businesses, and causing the explosion of international sweat-shops. It was described as a “social justice” issue. In his talk, Richards did a fine job of explaining Wal-Mart’s value in the marketplace. And how places like Wal-Mart provide a reduction in food costs, especially for poorer families who spend more of their disposable e by percentage on food. Obviously many of the critics at my seminary came from upper middle class backgrounds who saw no use for a 25 cent savings on a grocery product, especially if it interfered with their notion of social justice.

In Richards lecture, he noted the need parisons between reality and reality, instead of reality and myth or reality vs. utopia notions. He said “many factories get accused of being sweat-shops.” He cited that sometimes the notion exists in the critics head that if the “sweat-shop” was closed down that person would be provided with an education, and a fantastic college degree, which is closer to the truth here in America, but not necessarily true somewhere else. It may be that their job keeps them out of the sex trade, or a life of wandering the streets searching for food, which I saw quite a bit while living in Africa. It’s also been said that many of these places of employment dubbed as “sweat-shops” have provided people in the Third World with the concept and practice of weekends for the first time in their life. In many places a culture of recreation and leisure time is existing for the first time among the poorer classes. The explosion of the middle class in places like India and China is a phenomenon we do not hear very often in news reports.

passion for the poor is a universal truth for passion alone is not enough. As Christians we need to better understand why wealth is not being created in some places. Richards surmised class warfare serves more as a decoy, when we focus more on e disparity, rather than results. We will continue to see outdated recycled economic philosophies used to create Utopian societies. Communism promised a society of absolute equality, it just had to break a few eggs to achieve the omelet, right? Truth exists, and that is why Richards was so right to say free markets must not be weighed against unrealizable ideals, but rather live alternatives.

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
Andor Succeeds Where Other Star Warriors Fail
The latest installation in the Star Wars saga is finally a reason to celebrate, as it models self-sacrifice and leadership, especially for young men. Read More… If there’s anything close to national mythology in America nowadays, it’s Marvel. This may be depressing, but we should nevertheless face the fact and make the best of it. Before that, it was Star Wars, which is still an incredibly profitable business, even as it is failing. They’re both Disney properties, which now make...
The U.S. stands behind Hong Kong freedom fighter Jimmy Lai
America condemns the recent “spurious fraud charges” and mitted to supporting the embattled pro-democracy activist and entrepreneur. Read More… One day after pro-democracy activist Jimmy Lai was found guilty of fraud charges, the U.S. Department of State responded to the verdict, condemning its “spurious fraud charges” and noting increasing concerns about “deterioration in protection for human rights” under the Chinese Communist Party’s National Security Law (NSL). While the charges brought against Lai were reportedly related to lease violations, his prosecution...
Banking, Panics, and Regs: The 2022 Economics Nobel
The prize for economics was awarded to three men whose work explained both the necessity and occasional failure of banks. If you thought you could do without the oft-demonized institution, you may want to think again. Read More… Earlier this month, Ben Bernanke, Douglas Diamond, and Philip Dybvig were awarded the Bank of Sweden Prize in Economic Sciences in memory of Alfred Nobel. Bernanke, Diamond, and Dybvig were honored for their many contributions to our shared understanding of both the...
Religious Liberty and the American Founding
A new book sheds much-needed light on what the Founders did—and did not—say about religious liberty, church-state relations, and natural rights. Read More… The religion clauses in the First Amendment are among the most hotly debated topics in constitutional law and history. Unfortunately, the records of the Founders don’t always offer much help in elucidating their meaning. The congressional debates over the religion clauses can be especially exasperating to scholars. The framers in the First Congress lurched from one draft...
Unlocking the Mystery of Your Wildest Problems
Trying to anticipate all the ways life-transforming decisions can go wrong is stress we’ve all experienced. A new book by economist and podcaster Russ Roberts helps us look at those forks in the road with better eyes. Read More… The most thought-provoking scene in John Boorman’s 1981 lavish epic fantasy film, Excalibur, is one of its most understated. It’s a conversation about love. King Arthur stares enchanted by the Lady Guinevere as she dances across the great hall. After confessing...
The Next American Economy Is Cause for Hope
The latest from Samuel Gregg lays out a broad vision for what made the American economy the wonder of the world, and can again. And it isn’t to be found in populisms and nationalisms of the right or left. Read More… Let me start with my summary judgement of The Next American Economy: Nation, State, and Markets in an Uncertain World: Samuel Gregg has written an outstanding contribution to the theory and practice of political economy for our times. Gregg’s...
Freedom fighter Jimmy Lai found guilty of fraud
The pro-democracy advocate continues to suffer under the oppressive National Security Law, imposed by Beijing to crush dissent in Hong Kong. Read More… In a blow to free speech, pro-democracy activist Jimmy Lai has been found guilty of fraud by a court in Hong Kong as China works to stamp out dissent. District Court judge Stanley Chan said mitted fraud by not revealing that he operated a consulting firm from the offices of his pany—a violation of his lease with...
Tim Burton’s Sleepy Hollow Is a Tale of the Founding
You may think Halloween is a silly celebration of the macabre and supernatural. But it may just be the most beautiful expression of the power of storytelling as a bulwark against evil. Read More… Halloween has somehow e a celebration of America ing American, a New World unlike the Old World, a place where horror is a literary or cinematic genre rather than a memory—the dimly recollected past stretching back millennia through seemingly endless suffering, man’s inhumanity to man, older...
Heaven and Hell in America: Dante’s Indiana
A novel by Richard John Neuhaus’ biographer is both an entertaining and theologically deft take on the consequences of the choices we all make as we seek the Good. Read More… In a cultural landscape that is often hostile—or at best indifferent—to religion, a popular and widely lauded novel whose plot focuses not only on matters of faith but also a main character whose worldview and identity is shaped entirely by his Catholicism is a rare occurrence. Randy Boyagoda, perhaps...
For Britain’s PM, Chaos Has Consequences
After a mere 45 days, Liz Truss is out as prime minister. Given the contradictions in Conservative Party policies, no one should be surprised. Read More… Boris Johnson, though deeply flawed, was the glue that held the British Conservative Party together. His electoral reach, charisma, mitment to deliver Brexit put together a huge majority of 80 seats over all other bined in the 650-seat House of Commons. But that glue came unstuck owing to Boris’ character flaws, and now, in...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved