John Micklethwait Explores the Relationship Between Religion and the Economy | Big Think | Summary and Q&A

TL;DR

Despite the economic crisis, religion may experience a resurgence, especially in America, as people seek solace and support during personal hardships.

Key Insights

• 👯 The current economic crisis has the potential to drive people back to churches for support and comfort.
• ⛪ The growth of churches during recessions is not uncommon, as it provides a sense of community and solace.
• 🖐️ While religion did not directly cause the economic crash, it plays a role in political decision-making and can influence voters' choices.
• 🥺 There is a presumption in the business community that economic logic and technology will always lead to favorable outcomes, but irrational forces can disrupt this belief.
• ❓ Politics and nationalism often challenge economic logic, and there have been instances where the latter did not prevail.
• 🥺 Unforeseen events and irrational forces can disrupt periods of prosperity and lead to economic downturns, as history has shown.
• ❓ The presence of irrational forces, like religion, creates uncertainty and can impact political and economic dynamics.

Transcript

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Questions & Answers

Q: How might the current economic crisis impact the growth of religion?

The crisis could potentially drive people back to churches as they face personal crises, loss of jobs, and fear. Churches may provide solace and support during these challenging times.

Q: Can religion be blamed for the economic crash?

No, there is no direct correlation between religion and the economic crash. The crash was primarily driven by complex economic factors, not religious influences.

Q: How does religion fit into the modern political situation?

Religion plays a significant role in politics, as voters consider issues related to faith, treatment of Islam, and other religious matters. These irrational forces can make it difficult for technocrats to find solutions.

Q: Can economic logic and technology solve all problems?

While economic logic and technology are essential, they do not guarantee solutions to all problems. Irrational and emotional forces, including religion, can intervene and impact outcomes, as seen in historical events.

Summary & Key Takeaways

• Religion thrived before the crisis, and it may continue to do so as people facing personal crises turn to churches for comfort and reassurance.

• The economy may indirectly contribute to the growth of churches, as recession tends to increase attendance in movie theaters and churches.

• Religion does not appear to have directly caused the economic crash, but it plays a role in the political landscape, where irrational forces can influence decision-making.