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Solution To The Current Global Economy

1288 words - 6 pages

In the essay “Judaism and Economic Reform”, Norman Solomon, a Jewish-American journalist, presents a compelling argument on the basis of the need for economic reform while providing simple religious base solutions. While discussing two major economic problems that plague the world’s current economy, Solomon introduces the Jewish view of the global economy and their general view on economics as a whole. With this introduction to the Jewish worldview of economics we as readers are able to transition into understanding Solomon’s solutions of education & using Jewish law to improve the current state of the global economy. Although Solomon’s ideas of education and relying on Jewish law to improve the global economy seem logical, Sallie McFague, a Christian theologian, provides a different yet similar viewpoint of improving the global economy in her essay “New House Rules: Christianity, Economics, and Planetary Living”. Her discussion of ecological and neo-classical economics forces the reader to revert back to Solomon’s essay to analyze his methods of fixing the current global economy.

Sallies McFague’s discussion of ecological and neo-classical economics from the Christian perspective is an eye-opening experience because it demonstrates the two possible dynamics of our world’s economy. The neo-classical economic dynamic “sees human beings on the planet as a collection of individuals drawn together to benefit each other by fully exploiting natural resources” while the ecological economic dynamic “sees the planet as a community that survives and prospers only through the interdependence of all its parts, human and nonhuman” (McFague 127). McFague states that the current global economy is neo-classical which is a detrimental system to our world because individuals desire to succeed is damaging and using up our natural resources. The over exploitation of the earth’s natural resources is leading to a harmful phenomena called Global Warming that can lead to devastating weather events. McFague provides a solution to fix the current economic system with an ecological economic point of view. Instead of focusing on the individual, “ecological economics invites us to picture ourselves not as isolated individuals but as housemates” (McFague 132). This model has two goals striving for sustainability and distributive justice which will allow for the earth’s resources to be sustained for future generations. McFague feels that the ecological economic system will provide an efficient system that will suit and support the needs of the world.

Likewise and the topic of this paper Solomon provides a thorough discussion of the problems of the present global economy. In his essay Solomon provides three mind-wrenching questions that questions and supports his methods of economic reform. The first question of “is it possible to engage in the pursuit of wealth without succumbing to greed and selfishness?” brings the topic of morality when it comes to wealth (108). Sallie...

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