Did the massive increase in the theology known as the prosperity Gospel help cause the economic collapse?
That was the question on the NPR show “Here and Now” yesterday. The basic premise is that the prosperity Gospel teaches that you should go ahead and buy the fancy things (i.e. car, house, cell phones, clothes, etc…) that you can’t really afford because “God will give you the money to pay for it”. The thinking is that this mentality then led people to do things like take out loans for houses that they couldn’t afford (sound familiar yet) on the “faith” that God would miraculously send them a check to pay the monthly payment. The guest even goes so far as to compare the regional data that suggests the pockets of highest foreclosure rates coincide with pockets where the prosperity Gospel is very prevalent.
It’s an interesting premise. I don’t know what I think yet but it’s definitely worth checking out.