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Christianity and the New Spirit of Capitalism$
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Kathryn Tanner

Print publication date: 2019

Print ISBN-13: 9780300219036

Published to Yale Scholarship Online: September 2019

DOI: 10.12987/yale/9780300219036.001.0001

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Which World?

Which World?

Chapter:
(p.167) 6 Which World?
Source:
Christianity and the New Spirit of Capitalism
Author(s):

Kathryn Tanner

Publisher:
Yale University Press
DOI:10.12987/yale/9780300219036.003.0006

This chapter discusses how finance-dominated capitalism encourages one to relate to oneself and the bearing of that on one’s understanding of relations with others. It considers the emphases on individual performance and responsibility in finance-dominated capitalism, the specific forms of competition typical of wage relations and market dynamics, winner-take-all profit mechanisms and herd behavior in financial markets, privatizing tendencies in the provision of public goods, and the shifting of risks onto vulnerable individuals. It contrasts these trends with the general ways that Christianity links one’s relationship with oneself to relations with others.

Keywords:   Competition, Financial markets, Herd behavior, Individual responsibility, Risk

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