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Header-How a good Lent can fix a bad economy

 by John Horvat II 


To those who see no link between Lent and our failing economy, it might be the case to look again.


Economics is about people. It cannot be reduced to numbers, formulae and analyses. “The subject matter of economics,” observes economic historian Odd Langholm, “is properly the habits, customs, and ways of thinking of producers, consumers, buyers, sellers, borrowers, lenders, and all who engage in economic transactions.”

That means our moral habits can have a definite effect on determining if our economy grows — or fails.


In my new book, Return to Order: From a Frenzied Economy to an Organic Christian Society—Where We’ve Been, How We Got Here, and Where We Need to Go,  I show how our present economic crisis is being caused by what I call “frenetic intemperance.”

Frenetic intemperance can be defined as a restless spirit inside certain sectors of modern economy that foments a drive inside men to throw off legitimate restraints and gratify disordered passions. It is not a specifically economic problem but a moral and psychological vice that throws everything out of balance. When frenetic intemperance dominates, it often sends the whole system into convulsions—as we saw during the 2008 subprime mortgage crisis. And, unless addressed, it is virulent enough to crash the entire financial system.

In our daily lives, we see frenetic intemperance in the tendency to desire everything, right away, regardless of the consequences. Everyone must have the latest gadget even though they do not need it and really cannot afford it. The mad lack of restraint leads to an unstable economy laden with boom and bust, debt and stress. It creates a cold mechanistic economy where money rules. It gives rise to a materialistic culture which values quantity and utility over quality and beauty. The long and short of it is that a frenzied economy comes from frenzied lifestyles.

And that brings us to Lent. Fighting bad moral habits and practicing restraint is what Lent is all about. More than giving up a box of chocolates, how about giving up habits that foster frenetic intemperance, which is the real root cause of our economic decline? Besides the personal benefits of interior peace, detachment, and greater spiritual freedom, a good Lent can also help save our economy.


Here are some suggestions on how this might be done:

  1. Avoid speculative investments that promise huge returns on investment in little time.
    Such offers usually do not deliver what they promise and always feed frenetic desires that create anxiety and stress.
  2. Stay away from business relationships that are cold and mechanical. Treat workers like family. Respect those for whom you work.
  3.  Avoid trendy business gurus and books that call for radical changes that will “revolutionize” a company or keep people in a constant state of change.
  4. Eschew work schedules that are inhuman and stressful. Learn to appreciate leisure.
  5. Avoid compulsive buying especially during those sales frenzies around the holidays.
  6. Shun the abuse of credit cards and especially the temptation to pay only the minimal monthly amount. Avoid consumer debt as you would the plague (i.e. borrowing to buy things for your immediate consumption, e.g. that new laptop, games, cars, fashion clothing, etc. that you cannot afford, as opposed to investment debt , e.g. your home mortgage).
  7. Learn not to have everything right now. The culture of instant gratification creates a frenzied lifestyle — and economy.
  8. Do not take as role models those who have money as the central axis of their lives. Admire character not a person’s bottom line.
  9. Resist the temptation of seeing only quantity and cheapness. Learn to appreciate the beauty of quality and good taste.
  10. Avoid lavish display, especially of fancy gadgetry that leads to a desire to keep up with the e-Joneses with the latest version.


As Lent progresses, we would do well to do something that has an impact beyond our own spiritual lives. It would be good to practice charity toward our neighbor by looking at the big picture. Giving up frenetic intemperance is a good start.

 


John Horvat II is a scholar, researcher, educator, international speaker, and author. His book Return to Order: From a Frenzied Economy to an Organic Christian Society—Where We’ve Been, How We Got Here, and Where We Need to Go

 

 

Lent and the economy

what is frenetic intemperance

Quote of the day

DAILY QUOTE for January 19, 2020

We’ve had enough of exhortations to be silent! Cry out wit...

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January 19

 

We’ve had enough of exhortations to be silent!
Cry out with a hundred thousand tongues.
I see that the world is rotten
because of silence.

St. Catherine of Siena


My Mother, I will stand with you on OCTOBER 10, 2020

Saint of the day

SAINT OF THE DAY

St. Wulfstan of Worcester

The citizens of Bristol would kidnap men and sell them into...

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St. Wulfstan of Worcester

Wulfstan (Wulstan) was a native of Warwickshire, England.  After his priestly ordination, he became a novice at the monastery of Worcester where he edified all by the innocence and sanctity of his life. He was assiduous at prayer, often watching all night in church.

The first task assigned to him at the monastery was the instruction of children, then treasurer and eventually - though against his fierce resistance - he was made prior. In 1062, he was elected Bishop of Worcester.

Wulfstan was a powerful preacher, often moving his audience to tears.

To his vigorous action is particularly attributed the suppression of the heinous practice among the citizens of Bristol of kidnapping men into slavery and shipping them over to Ireland. St. Patrick who became the great apostle and patron of the Irish was such a slave in his youth.

After the Norman conquest of England, William the Conqueror was initially uncertain about Wulfstan. But acknowledging his capacity and uprightness, Wulfstan was the only bishop William retained at his post under the new rule.

For the next thirty years Wulfstan rebuilt his cathedral, cared for the poor and put forth great effort in alleviating the harsh decrees of the Normans upon the vanquished Saxons. Whenever the English complained of the oppression of the Normans, Wulfstan told them: “This is a scourge of God for our sins, which we must bear with patience.”

The saintly bishop died on January 19 at eighty-seven years of age after washing the feet of a dozen poor men, a humble ritual he performed daily. He was canonized in 1203.

Photo by: Christopher Guy

Weekly Story

WEEKLY STORY

One night, the Blessed Virgin appeared to him and told him h...

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Mary and the Muslim

Don Octavio del Monaco was a wealthy citizen of 17th century Naples. Like many of his class, Don Octavius had several Muslim slaves in his household. These children of Islam were amazed at the kindness of their “master.” He fed and clothed them better than they received in their native land. In return, his slaves attended to their tasks with diligence, as Don Octavius did not over work them, but assigned them duties in keeping with their dignity as children of God.

If these Muslim slaves had any reason for complaint, it was the gentle persistence with which their master and his wife exhorted them to give up their false religion and become Catholics. Don Octavius even went so far as to invite the slaves to join his family in the chapel to worship the one true God with them!

Our story today is about one young slave in particular. His name was Abel, like the slain son of Adam and Eve. He felt drawn in a peculiar way to a lamp that burned in front of a shrine to Holy Mary. Abel would purchase the oil needed to keep the lamp lit from his own meager stipend. As he continued to practice this humble devotion, he would say, “I hope that this Lady will grant me some great favor.”

One night, the Blessed Virgin appeared to him and told him he must become a Christian. At first the Turk resisted. But she placed her hand upon his shoulder, and said to him: “Now no longer resist, Abel, but be baptized and called Joseph,” conferring on him a name that was very dear to her Immaculate Heart indeed.

On August the 10th, 1648, there was much rejoicing in Heaven, for on that day “Joseph” and eleven other Muslims converted to the Christian faith and were baptized. Their conversion was brought about by the kindness shown by Don Octavius and the special intercession of the Mother of God.

Our story does not end here. Even once this son of hers was safely baptized, Mother Mary delighted in visiting him. Once, after having appeared to him, she was about to depart. But the Moor seized her mantle, saying, “Oh, Lady, when I find myself afflicted, I pray you to let me see you.” In fact, she one day promised him this and when Joseph found himself afflicted he invoked her, and Mary appeared to him again saying, “Have patience", and he was consoled.

From the Glories of Mary, by St. Alphonsus Maria de Liguori.

One night, the Blessed Virgin appeared to him and told him he must become a Christian.

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