If we passed more and more laws to keep greed at bay in the business world, would we eventually have enough laws to contain the beast? No. As long as there are postmodern lawyers, there will be no end to "creative financing."
Our economic problems are not fundamentally economic, legal or political. They are spiritual and moral. No amount of legislation, and no amount of bailout, can do what another Great Awakening could do.
Dramatic changes in moral sensibilities have occurred in America since I was born, in 1949. What is acceptable to many today was unthinkable to most in my childhood―Christians or not.
In some respects, things are much better now. I'll never forget the day one of my elementary school teachers told our class about her trip to the South, where she encountered separate drinking fountains for whites and "Negros." Some changes in this country have been right and good.
But in making the statement, "some changes have been right and good," I am making a moral judgement! I am saying that separate drinking fountains for whites and African Americans is "wrong and bad." How dare I say this!?
I dare so on the same basis Martin Luther King did. I make this moral judgment on the basis of a Christian God and Biblical Truth that says all humans are created in the likeness and image of this God, and therefore possess equal value in His eyes.
King's dream was openly biblical. He smartly infused his message with the Prophets, and connected his cause with Scripture. [See http://dan.drydog.com/helen/the_rhetoric_of_martin_luther_kings_i_have_a_dream.html.]
Thankfully, in those days, King had an American audience with some semblance of regard for Scripture.
This is the big difference between today's battles over "moral order" and what went on in King's day. People no longer appeal to Biblical Truth. In an era when the idea of "Truth" itself is denied, appeals to Higher Law don't gain traction. "If the foundations be destroyed, what can the righteous do?" [Psalm 11:3] This is not to say the Bible could never be taken seriously again, for with God all things are possible, but for now, the Great Voice is muted.
Could the Great Voice be restored? Is there enough "memory" left in our body-politic to hear it?
Unexpected things happen! Like the collapse of the Soviet Union. Who thought that was possible?
Next: Lessons from Western Ukraine.