“The 2008-2009 economic crisis presents us with an enormous opportunity: to rediscover our values- as people, as families, as communities of faith, and as a nation. It is a moment of decision we dare not pass by. We have forgotten some very important things, and it’s time to remember them again. Yes, we need an economic recovery, but we also need a moral recovery - On Wall Street, Main Street and Your Street. And we will need a moral compass for the new economy that is emerging.”
The inaugural paragraph alludes to Wallis’ fundamental ideology of the text which is to endorse assimilation of moral tenets in economics. Wallis’ mention of values in the foremost paragraph infers that a deficiency of moral ideals was causative to the economic crunch. For the economy to recuperate extensively, moral canons should be assimilated in the all-inclusive economic realm.
“Again if we start with the wrong question, it doesn’t matter how good our answer is, we’ll always end up in the wrong place. If we only ask how to get back to the place we were before this crisis began, we will miss the opportunity to stop walking in circles and start moving forward…The worst thing we could do no is go back to normal.”
Circular analyses cannot offer advanced solutions since they is an upshot is a typical scenario. Normality is analogous to a status quo which could effortlessly replicate an ancient calamity. Accordingly, a catastrophe should be deconstructed expansively to warranty that it will not relapse. Crisis alleviation should rise above customary resolutions.
“The story of how we got here is not just a few bad apples at the top, a Wall Street conspiracy, or merely some and public policy. It is, plain and simple, a story as old as humanity: it is a story of idolatry. We have replaced God with the “invisible hand” of the market, substituted “market value” for “ moral values” and attributed all that was good and right to the power of the market to make it so.”
Market partakers religiously venerate the market. From a Biblical stance, the overvaluation of the market forte is tantamount to idolatry; whereby, the players believe that in the absence approving market circumstances, they would expire. The market is a life line for the idolaters; ‘market values’ which regulate the substance of investments are mutually exclusive with decency for in the quest to exploit values, goodness is discounted. Principally, the market has occupied God’s locus in the investors’ hearts.
