A sinner saved by the grace of God given to those with faith in the crucified and risen Jesus Christ. Period.
Showing posts with label greed. Show all posts
Showing posts with label greed. Show all posts
Monday, June 15, 2020
Monday, August 05, 2019
Freed from Greed
[This message was shared yesterday morning with the people and friends of Living Water Lutheran Church in Centerville, Ohio.]
Luke 12:13-21
Greed is rooted in fear.
Fear that the God Who provides daily bread won’t provide it for us.
Fear that the Christian message that this world isn’t all there is to life is untrue.
Fear that the God Who promises to be with us always will abandon us.
Fear that the God Who promises an eternal world to those who trust in Jesus won’t come through and that we need to grab for the good things we can enjoy in this world.
Greed is rooted in fear. Jesus warns us against in today’s gospel lesson.
Let’s take a look at it, starting at verse 13: “Someone in the crowd said to him, ‘Teacher, tell my brother to divide the inheritance with me.’”
Jesus has been teaching the crowd about the Kingdom of God, the eternal kingdom that belongs to all baptized believers in the crucified and risen Jesus. In the previous twelve verses of Luke, chapter 12, Luke tells us that Jesus:
Greed, you see, makes us forget what’s important. It makes us chase the things that are here today and gone tomorrow, rather than following Jesus for life with God that never ends.
Verse 14: “Jesus replied, ‘Man, who appointed me a judge or an arbiter between you? Then he said to them, ‘Watch out! Be on your guard against all kinds of greed; life does not consist in an abundance of possessions.’” (Luke 12:14-15)
Jesus' response here is ironic.
We know, of course, that Jesus is the judge of the world.
That’s the point of His portrayal, in Matthew 25:31-46, of the final judgment in which Jesus the King separates the sheep from the goats.
And we’re told in 1 Timothy 2:5, “...there is one God and one mediator between God and mankind, the man Christ Jesus…”
Jesus Christ is the judge and mediator of the universe. But the man in the crowd in our lesson is only interested in using Jesus to get what he wants. If we were to boil his request of Jesus down to a prayer petition, it would be something like, “Lord, my will be done.”
But Jesus tells him and the crowd that life, the gift of God to those who believe, doesn’t come to those who set their ultimate ambitions on the things of this world. “Life does not consist in an abundance of possessions.”
Jesus' words echo those He spoke to Martha, the anxious hostess greedy not for money but for attention, affirmation, and compliments, resentful of the different role to which God was calling her sister Mary. “‘Martha, Martha,’ [Jesus told her], “you are worried and upset about many things, but few things are needed—or indeed only one. Mary has chosen what is better, and it will not be taken away from her.” (Luke 10:41-42)
In today's gospel lesson, Jesus effectively tells yet another resentful sibling, “Choose life over death. Choose life with God over death by things.”
To undergird His point, Jesus then tells one of His parables.
You know it well. A man is blessed with a particularly fertile piece of land. It grows so abundant a harvest that the farmer has no idea where he’s going to store all of it. (This was obviously in the days before those sprawling self-storage units you see everywhere today.) The farmer decides to build bigger grain silos to store it all, take care of himself for life, and then just chill, happily self-sufficient, happily heedless of the will of God or the needs of others. “But God said to him, [Jesus tells us] ‘You fool! This very night your life will be demanded from you. Then who will get what you have prepared for yourself?’” (Luke 12:20) Someone was paraphrasing Jesus here when she or he famously said, “There won’t be a U-Haul trailer hitched to the hearse when they take your earthly remains to the cemetery.”
The things of this world, including money and stuff, will not bring us life. And when the call of greed takes hold in our lives, nothing we do, nothing we own, nothing in our investment portfolios or bank accounts, will ever be enough. Greed will compel us to want “just a little more.” God, the life He offers through Christ, and other people will be crowded out of our lives and our concerns. Jesus says: “This is how it will be with whoever stores up things for themselves but is not rich toward God.” (Luke 12:21)
Greed is a killer, a creation of Satan designed to make us think that the God we know in Jesus Christ isn’t enough. That is a lie.
There is a better way to live. God has created it for us in Jesus Christ. It’s the life of certainty and security in God’s love and provision, the life of freedom to love God and love neighbor and to share with one another, the life that Jesus makes possible for those who trust in Him, for those who daily fall into His arms and seek God’s will for our lives.
We can live in the kingdom of God, no longer viewing life as a zero-sum game where if someone else gets more, I get less.
In the kingdom of God, we know that in the God we meet in the crucified Jesus, there will always be “daily bread” and there will be more grace, love, and security than we can imagine, in Jesus’ words, “good measure, pressed down, shaken together and running over” (Luke 6:38).
Jesus gives those who trust in Him so much of Himself that their lives can be spent in finding ways to share our blessings, not hoarding them!
As God’s ancient Hebrew people were about to enter the land He had promised them, God told the people: “...This day I call the heavens and the earth as witnesses against you that I have set before you life and death, blessings and curses. Now choose life…” (Deuteronomy 30:19).
Each day, as we come to God in repentance and faith in Jesus, we choose life. We choose God’s kingdom over our greed and over all of our sins. We choose to rest in God’s grace rather than stewing in the anxiety and futility of self-worship.
One New Testament scholar says this of Jesus’ words to us today, “The kingdom of God is, at its heart, about God’s sovereignty sweeping the world with love and power, so that human beings, each made in God’s image and each one loved dearly, may relax in the knowledge that God is in control.”
That’s Jesus’ message for us today: Relax and live in His grace. Amen
[I'm the pastor of Living Water Lutheran Church in Centerville, Ohio.]
Luke 12:13-21
A few years ago, I watched an interview conducted by a talk show host with a musician. “I’ve never understood what was so bad about greed,” the musician said. “Neither have I,” the talk show host agreed. The talk show host agreed with greed.
I think that most people would do the same. They may not feel comfortable with overt expressions of greed, like the character in the old movie Wall Street, who said, “Greed is good.” But their behaviors and attitudes speak volumes.
I think that most people would do the same. They may not feel comfortable with overt expressions of greed, like the character in the old movie Wall Street, who said, “Greed is good.” But their behaviors and attitudes speak volumes.
A woman I knew was dying. Her daughter sat down beside her deathbed and said, in what was to be their final conversation on this earth, “Mom, if you’ve got any money hidden, you’d better tell us where it is now.” (Isn’t that heartwarming? A real Hallmark moment.)
You’re familiar with the old quote, sometimes attributed to Henry Ford, other times to John D. Rockefeller, who was supposedly asked, “How much money does the average person need to get by these days?” The reply: “Just a little more.”
In today’s gospel lesson, Luke 12:13-21, Jesus underscores how destructive, how fatal greed is.
You’re familiar with the old quote, sometimes attributed to Henry Ford, other times to John D. Rockefeller, who was supposedly asked, “How much money does the average person need to get by these days?” The reply: “Just a little more.”
In today’s gospel lesson, Luke 12:13-21, Jesus underscores how destructive, how fatal greed is.
Greed, the constant desire for “just a little more,” is a violation of the first commandment: “You shall have no other gods.”
Jesus and God’s written Word don’t tell us to refrain from having ambitions in life. Christians are allowed ambitions.
Paul’s ambition was to plant the gospel throughout the Gentile world.
Martin Luther’s ambition was to reform the Church and set people free from sin and darkness with the gospel word about Jesus.
The ambition of Gregor Mendel, a monk, was to understand how God engineered life, becoming the father of modern genetics.
William Wilberforce set out to see slavery outlawed in the British Empire and it happened, thirty years before it happened in America and without a Civil War.
Mother Teresa’s ambition was to serve the dying in Calcutta.
There’s nothing wrong with the ambition to maximize the talents and gifts God has given to us.
And there's nothing wrong with the ambition to take care of our families.
These are all holy, God-blessed, and I would say, God-prompted, ambitions.
And, it should be said that human beings are ambitious by nature. It’s part of how God made us.
And, it should be said that human beings are ambitious by nature. It’s part of how God made us.
“Be fruitful and increase in number; fill the earth and subdue it,” God told the human race at our creation. “Rule over the fish in the sea and the birds in the sky and over every living creature that moves on the ground.”
God made us co-conspirators with Him in nurturing and, where needed, making better the life of the world, in the power of His love and grace. That is an ambitious undertaking!
But when our ambitions revolve around self-worship or the worship of the things of this dying world, they become expressions of greed, false gods, tickets to hell.
Greed is rooted in fear.
Fear that the God Who provides daily bread won’t provide it for us.
Fear that the Christian message that this world isn’t all there is to life is untrue.
Fear that the God Who promises to be with us always will abandon us.
Fear that the God Who promises an eternal world to those who trust in Jesus won’t come through and that we need to grab for the good things we can enjoy in this world.
Greed is rooted in fear. Jesus warns us against in today’s gospel lesson.
Let’s take a look at it, starting at verse 13: “Someone in the crowd said to him, ‘Teacher, tell my brother to divide the inheritance with me.’”
Jesus has been teaching the crowd about the Kingdom of God, the eternal kingdom that belongs to all baptized believers in the crucified and risen Jesus. In the previous twelve verses of Luke, chapter 12, Luke tells us that Jesus:
- warned the disciples about the false teachings of the Pharisees;
- encouraged them to live without fear, knowing that every human life is precious in God’s eyes, so valuable that Christ came to die and rise to set all who trust in Him free of sin and death;and
- told them--and us--that we must fearlessly and publicly follow Him, Jesus, as our Savior, and not keep our faith hidden from the world.
Greed, you see, makes us forget what’s important. It makes us chase the things that are here today and gone tomorrow, rather than following Jesus for life with God that never ends.
Verse 14: “Jesus replied, ‘Man, who appointed me a judge or an arbiter between you? Then he said to them, ‘Watch out! Be on your guard against all kinds of greed; life does not consist in an abundance of possessions.’” (Luke 12:14-15)
Jesus' response here is ironic.
We know, of course, that Jesus is the judge of the world.
That’s the point of His portrayal, in Matthew 25:31-46, of the final judgment in which Jesus the King separates the sheep from the goats.
And we’re told in 1 Timothy 2:5, “...there is one God and one mediator between God and mankind, the man Christ Jesus…”
Jesus Christ is the judge and mediator of the universe. But the man in the crowd in our lesson is only interested in using Jesus to get what he wants. If we were to boil his request of Jesus down to a prayer petition, it would be something like, “Lord, my will be done.”
But Jesus tells him and the crowd that life, the gift of God to those who believe, doesn’t come to those who set their ultimate ambitions on the things of this world. “Life does not consist in an abundance of possessions.”
Jesus' words echo those He spoke to Martha, the anxious hostess greedy not for money but for attention, affirmation, and compliments, resentful of the different role to which God was calling her sister Mary. “‘Martha, Martha,’ [Jesus told her], “you are worried and upset about many things, but few things are needed—or indeed only one. Mary has chosen what is better, and it will not be taken away from her.” (Luke 10:41-42)
In today's gospel lesson, Jesus effectively tells yet another resentful sibling, “Choose life over death. Choose life with God over death by things.”
To undergird His point, Jesus then tells one of His parables.
You know it well. A man is blessed with a particularly fertile piece of land. It grows so abundant a harvest that the farmer has no idea where he’s going to store all of it. (This was obviously in the days before those sprawling self-storage units you see everywhere today.) The farmer decides to build bigger grain silos to store it all, take care of himself for life, and then just chill, happily self-sufficient, happily heedless of the will of God or the needs of others. “But God said to him, [Jesus tells us] ‘You fool! This very night your life will be demanded from you. Then who will get what you have prepared for yourself?’” (Luke 12:20) Someone was paraphrasing Jesus here when she or he famously said, “There won’t be a U-Haul trailer hitched to the hearse when they take your earthly remains to the cemetery.”
The things of this world, including money and stuff, will not bring us life. And when the call of greed takes hold in our lives, nothing we do, nothing we own, nothing in our investment portfolios or bank accounts, will ever be enough. Greed will compel us to want “just a little more.” God, the life He offers through Christ, and other people will be crowded out of our lives and our concerns. Jesus says: “This is how it will be with whoever stores up things for themselves but is not rich toward God.” (Luke 12:21)
Greed is a killer, a creation of Satan designed to make us think that the God we know in Jesus Christ isn’t enough. That is a lie.
There is a better way to live. God has created it for us in Jesus Christ. It’s the life of certainty and security in God’s love and provision, the life of freedom to love God and love neighbor and to share with one another, the life that Jesus makes possible for those who trust in Him, for those who daily fall into His arms and seek God’s will for our lives.
We can live in the kingdom of God, no longer viewing life as a zero-sum game where if someone else gets more, I get less.
In the kingdom of God, we know that in the God we meet in the crucified Jesus, there will always be “daily bread” and there will be more grace, love, and security than we can imagine, in Jesus’ words, “good measure, pressed down, shaken together and running over” (Luke 6:38).
Jesus gives those who trust in Him so much of Himself that their lives can be spent in finding ways to share our blessings, not hoarding them!
As God’s ancient Hebrew people were about to enter the land He had promised them, God told the people: “...This day I call the heavens and the earth as witnesses against you that I have set before you life and death, blessings and curses. Now choose life…” (Deuteronomy 30:19).
Each day, as we come to God in repentance and faith in Jesus, we choose life. We choose God’s kingdom over our greed and over all of our sins. We choose to rest in God’s grace rather than stewing in the anxiety and futility of self-worship.
One New Testament scholar says this of Jesus’ words to us today, “The kingdom of God is, at its heart, about God’s sovereignty sweeping the world with love and power, so that human beings, each made in God’s image and each one loved dearly, may relax in the knowledge that God is in control.”
That’s Jesus’ message for us today: Relax and live in His grace. Amen
[I'm the pastor of Living Water Lutheran Church in Centerville, Ohio.]
Friday, August 19, 2016
Two evils the love of money brings
Michael Kelley is right in saying that 1 Timothy 6:10 is one of the best known and most misunderstood passages in Scripture.
There, the apostle Paul writes to the young pastor, Timothy:
But how so?
Kelley identifies two evils into which the love of money can lead us, ways that he says we might otherwise overlook:
1. The love of money "can lead me to wander from my faith." Kelley writes chillingly:
Thirty years ago, a friend of mine went to work for a man who had been a pioneer in the dot com world and raked in tens of millions of dollars as a result. One day, he told my friend wistfully, "You know, ten years ago, all I could think was that I would be happy and secure once I'd made my first million. Now, all I do is worry about how to keep the millions I have." Not long after that, he died suddenly, unexpectedly,...and unhappily.
There's nothing wrong with money. And God gifts some people with both the ability to handle money and to use it in ways that honor Him and show love to others. (To this latter point, in fact, Ephesians 4:28 says that a major reason for Christians to work is so that they'll have something to share with those in need.)
But money can become a god, an object of religious worship by which we measure our worthiness and value and by which we think that we can become gods ourselves, manipulating life to our own liking.
It's then that evil--things like selfishness, worry, and blindness to the needs or virtues of others--flood into our lives, taking us far from the God revealed to the world in Christ and from the life that only Christ can give.
Read all of Kelley's short piece.
There, the apostle Paul writes to the young pastor, Timothy:
For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.Paul doesn't say that money is intrinsically bad. He does say that the love of money--making the acquisition of more of it or the hoarding of it (I said hoarding, not saving)--major objects of our lives leads to all kinds evil and grief.
But how so?
Kelley identifies two evils into which the love of money can lead us, ways that he says we might otherwise overlook:
1. The love of money "can lead me to wander from my faith." Kelley writes chillingly:
I can’t be both greedy and content. I can’t worship both God and money. So if I choose money, I’m eventually guaranteed a departure from the faith.2. Love for money "causes lots of pain points in my life." He enumerates a few:
...worry, remorse, discontentment, debt, and anxiety … the list goes on and on. The passionate pursuit of money promises liberty but only brings captivity.I think he's right.
Thirty years ago, a friend of mine went to work for a man who had been a pioneer in the dot com world and raked in tens of millions of dollars as a result. One day, he told my friend wistfully, "You know, ten years ago, all I could think was that I would be happy and secure once I'd made my first million. Now, all I do is worry about how to keep the millions I have." Not long after that, he died suddenly, unexpectedly,...and unhappily.
There's nothing wrong with money. And God gifts some people with both the ability to handle money and to use it in ways that honor Him and show love to others. (To this latter point, in fact, Ephesians 4:28 says that a major reason for Christians to work is so that they'll have something to share with those in need.)
But money can become a god, an object of religious worship by which we measure our worthiness and value and by which we think that we can become gods ourselves, manipulating life to our own liking.
It's then that evil--things like selfishness, worry, and blindness to the needs or virtues of others--flood into our lives, taking us far from the God revealed to the world in Christ and from the life that only Christ can give.
Read all of Kelley's short piece.
[Photo from DataCapSystems.]
[Blogger Mark Daniels is pastor of Living Water Lutheran Church in Centerville, Ohio.]
[Blogger Mark Daniels is pastor of Living Water Lutheran Church in Centerville, Ohio.]
Thursday, October 02, 2008
The Financial Crisis from One Christian's Perspective (Part 2)
The first installment in this series appeared in a shorter form yesterday over at The Moderate Voice, a site to which I've been contributing posts since last November. One of the commenters there said this:
The question before us is, from a Christian perspective, how do we avoid making bad financial decisions? How do we keep from being willingly seduced by those trying to palm off financial sugar water?
First: Recognize that money is neutral. It's neither bad or good. It's a tool, a means to ends. One of the most misquoted passages of the Bible says:
The love Paul describes here is what we might refer to as an addiction, a force at the bottom of a person's every motive and decision. For people like this, money is everything: the scorecard by which they measure their worth, the toy factory, their pleasure-maker.
People who love money make it the central force in their lives. It then supplants all of their relationships, whether with God or with others. It's no wonder then that Jesus says that it's easier for a camel to pass through the eye of a needle than it is for a rich person, who is likelier to have succumbed to the addictive power of money, supplanting God in the person's allegiance, to get into God's kingdom.
Second: Recognize then, that money is a power. This insight was first brought to my attention by Richard Foster in his incredible book, Money, Sex, and Power. As Foster explains there, either we will get control of our money or our money will control us. Often, those with a lot of money think that they are in control. And it is true that in many ways, the wealthy can do more than those with less. No one could deny that.
But I have also seen how wealth allows the wealthy to indulge fantasies of invincibility that come to grief when the normal downs in life that can rock all of us hit them harder than those more attuned to reality through their more modest finances.
I've also seen the wealthy become understandably distrustful of others. The wealthy are often assailed by people who "want a piece of the action." This, in turn, can lead to deep cynicism, which is unhinged from reality, too.
Whether it results of delusions of invincibility or the acid of cynicism, money is a power, an addictive power. When we see it as a tool, a means rather than an end, we are on the road to controlling our finances and the impulse to greed.
Third: Recognize that some people are more adept at making money than others. I have several long-term friendships with people who simply have a facility for generating income and making the right choices on what to do with their money to make it grow. They're shrewd about making money. Shrewdness is not a bad thing.
I'm not financially shrewd. I've never been a money-making machine. Now, I could resent that and I won't say that there haven't been times in my life when I haven't been resentful. But the Bible teaches that each of us has gifts, talents, both natural and supernatural, from God. In his book, The Purpose Driven Life, Pastor Rick Warren, who gives something like 90% of the royalties from his writing to the church, says that the thing for the Church to do with members who have the facility for making money is to encourage them to make more. Christians who make a lot of money, aware that this ability, along with every other good gift, comes from God, will be will be able to use money to support a broad array of church, charitable, and community projects. I agree with him.
Those of us who aren't financially shrewd should, instead of being resentful, use our gifts and abilities to their maximum positive effect.
Fourth: Avoid what the Bible calls covetousness. I hope to say more on what that means, why it's counterproductive, and most importantly, what can be done about it, tomorrow.
You seem to be blaming all borrowers as if they all knew they would be in trouble with those mortgages. Some of them were not too bright (surprised?) and others too ambitious, hoping they could make it. Some lost their jobs through no fault of their own.It was never my intention to paint with too broad a brush. My intent, simply, was to say that the greedy lending houses would not have gotten themselves--and the US economy--where they are right now were it not for the success they enjoyed in selling their ephemera to greedy consumers. Not all consumers who are apt to be hurt by this crisis by the time it runs its course were greedy. Not everybody who took out a loan was greedy. But some were. As I said yesterday, "Only those willing to be seduced are seduced."
The question before us is, from a Christian perspective, how do we avoid making bad financial decisions? How do we keep from being willingly seduced by those trying to palm off financial sugar water?
First: Recognize that money is neutral. It's neither bad or good. It's a tool, a means to ends. One of the most misquoted passages of the Bible says:
For the love of money is a root of all kinds of evil...(1 Timothy 6:10)Notice that Paul, the writer of this passage doesn't say that money in itself is evil. He says that the love of it is the problem.
The love Paul describes here is what we might refer to as an addiction, a force at the bottom of a person's every motive and decision. For people like this, money is everything: the scorecard by which they measure their worth, the toy factory, their pleasure-maker.
People who love money make it the central force in their lives. It then supplants all of their relationships, whether with God or with others. It's no wonder then that Jesus says that it's easier for a camel to pass through the eye of a needle than it is for a rich person, who is likelier to have succumbed to the addictive power of money, supplanting God in the person's allegiance, to get into God's kingdom.
Second: Recognize then, that money is a power. This insight was first brought to my attention by Richard Foster in his incredible book, Money, Sex, and Power. As Foster explains there, either we will get control of our money or our money will control us. Often, those with a lot of money think that they are in control. And it is true that in many ways, the wealthy can do more than those with less. No one could deny that.
But I have also seen how wealth allows the wealthy to indulge fantasies of invincibility that come to grief when the normal downs in life that can rock all of us hit them harder than those more attuned to reality through their more modest finances.
I've also seen the wealthy become understandably distrustful of others. The wealthy are often assailed by people who "want a piece of the action." This, in turn, can lead to deep cynicism, which is unhinged from reality, too.
Whether it results of delusions of invincibility or the acid of cynicism, money is a power, an addictive power. When we see it as a tool, a means rather than an end, we are on the road to controlling our finances and the impulse to greed.
Third: Recognize that some people are more adept at making money than others. I have several long-term friendships with people who simply have a facility for generating income and making the right choices on what to do with their money to make it grow. They're shrewd about making money. Shrewdness is not a bad thing.
I'm not financially shrewd. I've never been a money-making machine. Now, I could resent that and I won't say that there haven't been times in my life when I haven't been resentful. But the Bible teaches that each of us has gifts, talents, both natural and supernatural, from God. In his book, The Purpose Driven Life, Pastor Rick Warren, who gives something like 90% of the royalties from his writing to the church, says that the thing for the Church to do with members who have the facility for making money is to encourage them to make more. Christians who make a lot of money, aware that this ability, along with every other good gift, comes from God, will be will be able to use money to support a broad array of church, charitable, and community projects. I agree with him.
Those of us who aren't financially shrewd should, instead of being resentful, use our gifts and abilities to their maximum positive effect.
Fourth: Avoid what the Bible calls covetousness. I hope to say more on what that means, why it's counterproductive, and most importantly, what can be done about it, tomorrow.
Wednesday, October 01, 2008
The Financial Crisis from One Christian's Perspective (Part 1)
Only those willing to be seduced are seduced.
Nobody persuaded into doing the wrong thing can credibly argue, "He tricked me," or, "She jumbled my thinking," or "The devil made me do it." The evil all around may pull at us, but we are the ones who cave into our inborn tendency to do the wrong thing, no matter what the wrong.
Believe me, I know. I do things that are wrong and, in the end, I realize I only have myself to blame.
Only those willing to be seduced are successfully seduced. I've been thinking about that a lot lately as the nation grapples with the financial crisis. It was caused, it's said, by the reckless policies of major lending institutions. Obscene compensation and benefits packages given to corporate CEOs and other company hot shots made things worse.
It's all true, of course. And these realities are among the reasons that both Democratic and Republican members of the House of Representatives offer for not passing the $700-billion bailout or rescue package forged by the White House and congressional leaders over. "Why should we give $700-billion to these greedy corporate honchos?" It's a fair question.*
I hate it when legitimacy, such as that enjoyed by the captains of the lending industry in recent years, is given by the government. For several decades now, Democratic and Republican Presidents and Congresses have endorsed and allowed the practices of the big investment bankers and mortgage lenders. Presidents lauded the ever-increasing homeownership rates, ignoring the fact that this "progress" was a house of cards erected on financial quicksand, bricks and mortar stacked on onion skin paper. It's high time that the illegitimate practices of the big mortgage houses were changed.
But others' practices need to be changed as well: Those of the borrowing public.
Nobody forced people to get sub-prime loans. Nobody forced consumers to buy houses with no money down, with insufficient income to make loan payments, all on the less-than-shrewd bet that property values would inevitably increase and, borrowing from projected future value, they could refinance their way out of debt. And nobody forces consumers to use their charge cards as revolving loans.
The greed of the now-pilloried corporations was rewarded for the past twenty years by equally greedy consumers who were working the angles to get into houses, to own other things, to effectively steal their ways to more comfortable lifestyles.
Greedy lenders seduced people. But they couldn't have been successful without greedy borrowers who were willing to be seduced.
The Biblical bases for today's Our Daily Bread devotion is Proverbs 1:8-19. For those not familiar with the passage or with the Old Testament book of Proverbs generally, a little background is in order. The book is a collection of wisdom sayings given by God to King Solomon.** These specific verses underscore how important it is for young people to listen to the wisdom given to them by their parents. "Pay close attention, friend, to what your father tells you; never forget what you learned at your mother's knee..." It goes on to say:
But, don't be mistaken, greed merchants can't make a sale if people aren't buying.
Tomorrow, a few thoughts on how we avoid the enticements of the greedy.
*Proponents argue equally fairly that the bailout is really for the entire economy, restoring liquidity so that deserving consumers and business owners can have the credit they need to buy homes, invest in inventory, and make payrolls.
**Solomon is an interesting case. He began his reign recognizing that to compensate for his lack of experience, he needed wisdom. God was impressed that, rather than asking for wealth or power, Solomon asked for the wisdom to do his job well. But Solomon came to a bad end. He didn't go to the poorhouse. But with his wisdom came the capacity to acquire lots of money, women, property, and power. He became so consumed by these things that he wandered far from God. He oversaw the conversion of Israel into a society of greed-merchants, everyone on the take. Shortly after Solomon's death, the nation divided and, eventually, was conquered by foreigners. When the major object of a nation is to acquire stuff that's of no use to us after we die, the nation, no matter how much it's been blessed, dies.
***This is from The Message's rendering of Proverbs 1:8-10
****This is from the translation in The New Revised Standard Version of Proverbs 1:18-19
[Go here for thoughts on the meaning of 'the American Dream.']
[A shorter version of this piece appears on The Moderate Voice.]
Nobody persuaded into doing the wrong thing can credibly argue, "He tricked me," or, "She jumbled my thinking," or "The devil made me do it." The evil all around may pull at us, but we are the ones who cave into our inborn tendency to do the wrong thing, no matter what the wrong.
Believe me, I know. I do things that are wrong and, in the end, I realize I only have myself to blame.
Only those willing to be seduced are successfully seduced. I've been thinking about that a lot lately as the nation grapples with the financial crisis. It was caused, it's said, by the reckless policies of major lending institutions. Obscene compensation and benefits packages given to corporate CEOs and other company hot shots made things worse.
It's all true, of course. And these realities are among the reasons that both Democratic and Republican members of the House of Representatives offer for not passing the $700-billion bailout or rescue package forged by the White House and congressional leaders over. "Why should we give $700-billion to these greedy corporate honchos?" It's a fair question.*
I hate it when legitimacy, such as that enjoyed by the captains of the lending industry in recent years, is given by the government. For several decades now, Democratic and Republican Presidents and Congresses have endorsed and allowed the practices of the big investment bankers and mortgage lenders. Presidents lauded the ever-increasing homeownership rates, ignoring the fact that this "progress" was a house of cards erected on financial quicksand, bricks and mortar stacked on onion skin paper. It's high time that the illegitimate practices of the big mortgage houses were changed.
But others' practices need to be changed as well: Those of the borrowing public.
Nobody forced people to get sub-prime loans. Nobody forced consumers to buy houses with no money down, with insufficient income to make loan payments, all on the less-than-shrewd bet that property values would inevitably increase and, borrowing from projected future value, they could refinance their way out of debt. And nobody forces consumers to use their charge cards as revolving loans.
The greed of the now-pilloried corporations was rewarded for the past twenty years by equally greedy consumers who were working the angles to get into houses, to own other things, to effectively steal their ways to more comfortable lifestyles.
Greedy lenders seduced people. But they couldn't have been successful without greedy borrowers who were willing to be seduced.
The Biblical bases for today's Our Daily Bread devotion is Proverbs 1:8-19. For those not familiar with the passage or with the Old Testament book of Proverbs generally, a little background is in order. The book is a collection of wisdom sayings given by God to King Solomon.** These specific verses underscore how important it is for young people to listen to the wisdom given to them by their parents. "Pay close attention, friend, to what your father tells you; never forget what you learned at your mother's knee..." It goes on to say:
Dear friend, if bad companions tempt you, don't go along with them...[when they say]...We'll load up on top-quality loot. We'll haul it home by the truckload."...Don't give [the enticers] a second look; don't listen to them for a minute.***Then it concludes by saying that the greedy who want to haul in truckloads come to bad ends:
...they lie in wait--to kill themselves! And set an ambush--for their own lives! Such is the end of all who are greedy for gain; it takes away the life of its possessors."****Here in Ohio yesterday, voters began deciding the fate of two state issues. One will reduce the interest that payday lenders can charge. The other will allow casino gambling in the middle of the state. Payday lenders are predatory, charging as much as 392% in interest rates and casino gambling rarely brings the economic benefits proponents trumpet, resulting instead, in low-wage jobs and in preying most on those who can ill-afford to part with their money. So, I intend to vote yes on limiting the payday lenders and no on casino gambling.
But, don't be mistaken, greed merchants can't make a sale if people aren't buying.
Tomorrow, a few thoughts on how we avoid the enticements of the greedy.
*Proponents argue equally fairly that the bailout is really for the entire economy, restoring liquidity so that deserving consumers and business owners can have the credit they need to buy homes, invest in inventory, and make payrolls.
**Solomon is an interesting case. He began his reign recognizing that to compensate for his lack of experience, he needed wisdom. God was impressed that, rather than asking for wealth or power, Solomon asked for the wisdom to do his job well. But Solomon came to a bad end. He didn't go to the poorhouse. But with his wisdom came the capacity to acquire lots of money, women, property, and power. He became so consumed by these things that he wandered far from God. He oversaw the conversion of Israel into a society of greed-merchants, everyone on the take. Shortly after Solomon's death, the nation divided and, eventually, was conquered by foreigners. When the major object of a nation is to acquire stuff that's of no use to us after we die, the nation, no matter how much it's been blessed, dies.
***This is from The Message's rendering of Proverbs 1:8-10
****This is from the translation in The New Revised Standard Version of Proverbs 1:18-19
[Go here for thoughts on the meaning of 'the American Dream.']
[A shorter version of this piece appears on The Moderate Voice.]
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