Reconstructing an ethics of credit in an age of neoliberalism

One of the most formidable socio-economic challenges which Christian communities are facing today is the growing dominance of neoliberalism. From wheat fields in Brazil to Wall Street in New York City, neoliberalism is marching on everywhere with its massive credit (or credit money). The purpose of...

Full description

Bibliographic Details
Main Author: Ahn, I. (Author)
Format: Article
Language:English
Published: MDPI AG 2019
Subjects:
Online Access:View Fulltext in Publisher
LEADER 02006nam a2200217Ia 4500
001 10.3390-rel10080484
008 220511s2019 CNT 000 0 und d
020 |a 20771444 (ISSN) 
245 1 0 |a Reconstructing an ethics of credit in an age of neoliberalism 
260 0 |b MDPI AG  |c 2019 
856 |z View Fulltext in Publisher  |u https://doi.org/10.3390/rel10080484 
520 3 |a One of the most formidable socio-economic challenges which Christian communities are facing today is the growing dominance of neoliberalism. From wheat fields in Brazil to Wall Street in New York City, neoliberalism is marching on everywhere with its massive credit (or credit money). The purpose of this paper is to address a key structural injustice of neoliberalism—the deepening colonization of “social capital” by “financial capital.” Since the 1980s, a new economic process known as “financialization” has structurally changed the global economic system entailing an extreme income and wealth gap between the haves and the have nots. It has also rendered a countless number of ordinary people vulnerable to various types of debt entrapment while destroying the environment on a global scale. Behind all these forms of social and natural disintegration lies a crucial neoliberal apparatus fueled by credit. This paper engages in such problems by attempting to reconnect the lost link between social capital and financial capital. In doing so, it first analyzes the genealogical origin of the separation between financial capital and social capital. The author then comes up with ethical principles to re-anchor financial capital in social capital through a critical and interdisciplinary exploration. © 2019 by the author. Licensee MDPI, Basel, Switzerland. 
650 0 4 |a Christian ethics 
650 0 4 |a Colonization 
650 0 4 |a Ethics of credit 
650 0 4 |a Financial capital 
650 0 4 |a Financialization 
650 0 4 |a Neoliberalism 
650 0 4 |a Social capital 
700 1 |a Ahn, I.  |e author 
773 |t Religions