Religious Leaders Bash the Global Market

From the Acton Institute' s Kishore Jayabalan: Religious Leaders Bash the Global Market.

Religious activists are more outspoken than ever about the problem of global poverty. So why do they so often and so energetically attack multinational corporations – the very organizations that are helping developing nations create jobs and grow through broader trade relations?

To a certain way of thinking in religious circles, large global corporations are often perceived to make excessive profits, exploit the poor, damage the environment and exercise undue influence on governments — especially struggling democratic nations in the developing world. In many ways, these companies are visible and easy targets for the anti-globalization crowd.

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The very concepts of business and profit motive are often reason enough for religious leaders to condemn an activity as immoral and unethical, and criticisms of multinational corporations are just the same condemnations on a larger scale.

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A dose of realism may also be in order. For all the good things it brings, increased commerce will not result in a perfect society. There will always be some forms of inequality, leading to resentment and class divisions, while materialism and alienation can be commonplace in commercial societies – as they were in socialist planned economies. Moral education is vitally important, as there can be no good society without good human beings. But if religious leaders must address economic issues, a little more economic literacy is necessary.

Just in case you missed that last sentence:

But if religious leaders must address economic issues, a little more economic literacy is necessary.


Comments

2 responses to “Religious Leaders Bash the Global Market”

  1. religious leaders often target MNCs because those who got the most power tend to abuse it…
    The power of a ready exit-threat is a strong power. There’s a difference between valuing free trade and free trade fundamentalism. Top economists who know better what they are talking about, like Keynes, qualify their endorsement of reduced trade borders. They know more about infant industry arguments. They know more about how poverty matters for the impact of freer trade on domestic labor markets.
    Most of the models that are used to tout free trade don’t adequately deal with problems of labor market failure due to poverty and the pecuniary costs of leisure.
    dlw

  2. This is one of those very complex issues and I agree with “…those who got the most power tend to abuse it…” MNCs are not all sweetness and light but neither are they the antichrist as is often portrayed in some of the Mainline religious circles I run in. I think in most countries and in most cases they are a net positive but that isn’t an excuse for overlooking abuse.

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