Home
/
RELIGION & LIBERTY ONLINE
/
Myths Christians Believe about Wealth and Poverty
Myths Christians Believe about Wealth and Poverty
Feb 11, 2026 3:13 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
‘The Soul of Civility’ and Our Only Hope
A new book by Alexandra Hudson offers hope in our contentious times, a better way to confront differences. Now it’s up to us to take the advice seriously. Read More… Our world is suffering a deep unrest. The term “civil war” has been thrown around more than once in reference to the deep divide that seems too broad to risk crossing. And it’s not just the protests that devolve into riots or the January 6storming of the U.S. Capitol—it’s the...
Tom Wolfe and the Strangeness of America
A new documentary about the parable novelist and social critic demonstrates, however unintentionally, why we’ll probably never see the likes of Wolfe again. Read More… Conservatism doesn’t really produce or nurture writers nowadays. The notable exception in the past couple of generations is Tom Wolfe, who died in 2018. Wolfe was universally beloved. He sold millions of copies of his various writings. Wolfe had a distinctive Southern-gentleman plete with “trademark white suit and vest, a high-necked blue-and-white-striped plemented by a...
John Newton: From Slave Trader to Abolitionist Pastor
The story of John Newton’s conversion is legendary. His hymns, like “Amazing Grace,” perennial favorites. His pastor’s heart, exemplary. His fight for an abolition of the slave trade, monumental. But none of this came quickly or easily. Read More… John Newton (1725–1807) is a pivotal figure in the English evangelical revival or awakening. His is an early example of a settled evangelical ministry in the second half of the 18th century, involving pastoral work, hymn-writing, and even mentoring the likes...
Scorsese’s Moral Vision Shines Through Killers of the Flower Moon
This true story of the systematic murder of Osage Indians for their oil is both foreign and familiar territory for the director of Goodfellas, The Wolf of Wall Street, and Silence. Read More… What do we think about when we think about Martin Scorsese? Many of us think about gangster stories, especially ultra-violent, grisly, and operatic ones. He helped bring the genre into the modern age with his masterpieces Mean Streets, Goodfellas, Casino, and The Departed. Even when he strayed...
The Strange Death of DEI
More Americans than you think support training in diversity, equity, and inclusion. And why are more and more corporations looking beyond it? Read More… Once considered the highest rising feature of America’s business spaces, the cliffs of corporate diversity, equity, and inclusion (DEI) are slowly eroding under the reliable and unrelenting tide of American apathy. Fewer and fewer businesses are seeking to hire a chief diversity officer, and those who manage to get hired are finding their jobs often paired...
Getting Beyond Right-Wing and Left-Wing
The stark polarization that marks our politics may be more a misclassification of certain positions. A little history lesson is in order. Read More… Back in the 1970s, Sixty Minutes had a regular feature called Point/Counterpoint, which came at the end of every show. Each week there would be a different topic. Journalist Shana Alexander would present a standard-issue “liberal” version of the argument while James J. Kilpatrick assumed the “conservative” side. Although the sparring partners sniped at one another,...
Claudia Goldin Is the Ideal Academic Researcher
The latest recipient of the Nobel Memorial Prize in Economic Sciences has contributed much useful data in understanding the role of women in the workforce. Her restraint in policy prescriptions may, in fact, be her greatest contribution of all. Read More… Harvard’s Claudia Goldin is our newest Nobel laureate in economics. Her accumulated efforts have helped us better understand women’s roles in the labor market—both historically and in contemporary society. It’s worth noting that the economics prize isn’t one of...
How States Strike Back at Federal Religious-Freedom Protections
Some states are working to circumvent recent SCOTUS rulings meant to protect conscience rights. Which states is what’s proving interesting, and disturbing. Read More… In the wake of the Supreme Court’s decision in Obergefell v. Hodges (2015), in which the majority of the court ruled that the Constitution supports a right to marry for same-sex couples, many Americans in the “wedding business” faced a dilemma. Bakers like Jack Phillips and web designers like Lorie Smith found themselves unable to deliver...
How Did George Orwell Know?
For those trapped behind the Iron Curtain, Orwell’s Nineteen Eighty-Four seemed more a documentary than a work of dystopian fiction. How did a man who had never traveled munist Russia get so much so right? Read More… The collocation in the title captures the thoroughgoing exploration of the topic in a phrase: George Orwell and Russia. Masha Karp is not the first to ponder George Orwell’s relationship to Stalinist Russia—and the relationship of both Stalinist and munist Russia to Orwell—but...
Is Neoliberalism Dead?
The Chilean Miracle of the 1990s is usually pointed to as a win for the Chicago School of economics, which advocated laissez faire capitalism, limited regulation, and cuts in government spending. But that was then, and this is the era of Bidenomics and a “post-liberal” New Right. Are free markets as dead as General Pinochet? Read More… Louis Menand wrote a curious article for the New Yorker called “The Rise and Fall of Neoliberalism.” The article is curious on two...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved