Home
/
RELIGION & LIBERTY ONLINE
/
Myths Christians Believe about Wealth and Poverty
Myths Christians Believe about Wealth and Poverty
Jan 11, 2026 9:48 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
Acton Commentary: Fracasos de la izquierda latinoamericana
My recent mentary, Latin America: After the Left, has been republished in a number of Latin American newspapers. For the benefit of our Spanish speaking friends, Acton is publishing the translation of the article that appeared today in the Paraguayan daily, ABC Color. The translation and distribution to Latin American papers was handled by Carlos Ball at . Commentary in Spanish follows: Fracasos de la izquierda latinoamericana por Samuel Gregg La izquierda confronta grandes problemas en América Latina. La reciente...
Pope Benedict and True Corporate Social Responsibility
In a private audience held this past weekend with Rome’s water and pany, ACEA, Benedict XVI expressed to local business leaders his priorities for improving true corporate social responsibility within business enterprises. Prior to the pope’s speech, there was the usual protocol, fanfare, and flattery. First was the thematic gift-giving. Benedict received a copy of the book “Entrepreneurs for the Common Good ” (published by the Christian Union of Entrepreneurs and Managers as part its series of short monographs “Christian...
Acton Commentary: Human Dignity, Dark Skin and Negro Dialect
Distributed today on Acton News & Commentary: Human Dignity, Dark Skin and Negro Dialect by Anthony B. Bradley Ph.D. Black History Month is a time not only to honor our past but also to survey the progress yet to be made. Why does the black underclass continue to struggle so many years after the civil-rights movement? Martin Luther King dreamt about an America where women and men are evaluated on the basis of character rather than skin color. The fight...
Acton Commentary: Pope Benedict’s Defense of Authentic Equality
Distributed today on Acton News & Commentary: Pope Benedict’s Defense of Authentic Equality By Michael Miller Once again the mild-mannered but intellectually fierce Pope Benedict XVI has provoked criticism over remarks that challenge the secular establishment’s provincial understanding of the world. In his speech to the bishops of England and Wales in Rome last week, during their ad limina visit, the Pope encouraged them to fight against so-called equality legislation. He argued that such legislation limits “the freedom of munities...
Benedict: Economy Needs People-Centered Ethics
In a February 10 wire story by ANSA, it was reported that Benedict XVI has once again exhorted economists and leaders to place “people at the center of [their] economic decision-making” and reminded them that the “global financial crisis has impoverished no small number of people.” For those who follow Benedict closely in Rome, one might wonder why the Holy Father’s words, delivered during his February 10 general audience, even made national headlines. To be sure, it is not the...
Review: An Orthodox Christian Natural Law Witness
Like many, my first encounter with Orthodox theology was intoxicating. Here, finally, in the works of thinkers such as Vladimir Lossky, John Meyendorf and Alexander Schmemann and others I found an intellectually rigorous approach to theology that was biblical and patristic in its sources, mystical in its orientation and beautiful in its language. But over the years I have found a curious lacunae in Orthodox theology. For all that it is firmly grounded in the historical sources of the Christian...
Join us for the launch of Acton on Tap
Those of you within striking distance of West Michigan won’t want to miss the inaugural Acton on Tap, a casual and fun night out on Feb. 25 to discuss important and timely ideas with friends. And then there’s the beer! The topic for the evening will be “The End of Liberty” and will draw on Lord Acton’s claims about the relationship between politics and liberty. Discussion leader Jordan Ballor, associate editor of the Journal of Markets & Morality, will start...
Got a feelin’ for Eco-Justice?
It’s not easy being a global warming alarmist these days, what with the cascading daily disclosures of Climategate. But if you are a global warming alarmist operating within the progressive/liberal precincts of churches and their activist organizations, you have a potent option, one that the climatologists and policy wonks can only dream about when they get cornered by the facts. You can play the theology card! Over at the National Council of Churches Eco-Justice Program blog, writer “jblevins” is troubled...
Acton Lecture Series: Does Capitalism Destroy Culture?
Topic: Does Capitalism Destroy Culture? A talk by Michael Miller. When: Thursday, February 18, 2010. 11:45 a.m. Registration; 12:00 p.m. — 1:30 p.m. Lunch & Lecture Cost: $15 Admission $5 Students (including lunch) Where: Water’s Building — 161 Ottawa Ave, Grand Rapids, MI 49503 Map it. Register online today! ...
There is No Perfect Fuel
When es to energy policy, there is no perfect fuel. But in these debates, as elsewhere, the imaginary perfect fuel cannot e the enemy of the good. And for the first time in recent memory, this means that nuclear energy, by all accounts a good alternative for the scale of demand we face, might be getting a seat at the table. Coal, which still provides more than half of the energy for the American grid, is cheap and plentiful, but...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved