This past week, an old friend and one of my former professors celebrated his 50th Jubilee as a Franciscan priest. Much of my recent critique on Paul Ryan's economic philosophy derives from Fr. Joe Zimmerman's compassionate reasoning. Zimmerman agreed to let me repost his fine essay on soul-friendly capitalism, which is also published in Zimmerman's blog, Ivy Rosary.
Soul is story. My soul is my story, with its sorrows and its joys. Soul-less capitalism has no concern for the stories of individual human beings.
The problem of soul-less capitalism is not only greed. Its greatest problem is idolatry. Soul-less capitalism says that an abstraction, a number on a bottom line, is more important than beauty, more important then love, more important than health, more important than worship. If the bottom line drives beauty and love and health and worship from the lives of billions of people, that is okay. In the long run and in some places things are better. The problem is that billions of people do not live in the long run or in the right places. “The long run” story is an abstraction. It is idolatry.
We need soul-friendly capitalism.