tag:blogger.com,1999:blog-7187573090343842338.post5904434737515715196..comments2020-03-19T08:55:22.077-04:00Comments on A Word from the Rector: The MarketNoelle York-Simmonshttp://www.blogger.com/profile/12735603975530615886noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7187573090343842338.post-85192800637887876872008-10-09T15:12:00.000-04:002008-10-09T15:12:00.000-04:00The central flaw of economic theory is that it's b...The central flaw of economic theory is that it's based on a zero-sum model. That is, I win but someone else must lose. I am rich and someone else must be poor. I have and someone else must have not.<BR/><BR/>Modern capitalism, particularly in the U.S., seems perfectly content with the model. One company succeeds at another's expense, and that's not only okay; it's desirable. But let's not worry too much about the workers in the "losing" company who lose their jobs and sense of self-worth. The market will take care of them -- eventually, maybe. <BR/><BR/>In God's glorious economy, there is plenty for all even in the midst of seeming scarcity. No one wins, no one loses. Everyone is embraced equally by God's love.<BR/><BR/>Our country could use much more of God's economy in the human economy. Yes, let the forces of capitalism be the primary driver of the engine. But let's properly care for the people displaced by the wrenching processes of technological change, mergers and acqusitions, and much more. Instead of the hidden hand, let's have a visible, gentle hand caring for those of us in times of need, economic and otherwise.Markhttps://www.blogger.com/profile/05832158520077344225noreply@blogger.com