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Market Fundamentalism: Societal Impact & Pastoral Implications

Trade and Commerce, termed in general Market, has been a major thrust for the overall development of Globalisation. While Market in general has played an important role in the progress of the society, the present economic ideology pursued by the market, being capitalistic in nature, overlooks stable growth and development ‘for all’. Hence, economists have addressed this market ideology as “Market Fundamentalism.” The endeavour of this essay would be to address the challenges MF has on developing nations; with special reference to the poor, and its implications for Pastoral Care and Counseling. This concern stems from the fact that, though free market economy has almost come to stay, “liberalisation of the international economy and the deregulation of domestic economies have had serious effects in Asia and in the emerging financial markets, leading to economic crisis, unemployment and impoverishment.” 1. MARKET FUNDAMENTALISM The term “Fundamentalism, is a complex phenomenon” . One o

Kindom of God

The Kingdom of God is the basis of the Church’s involvement in Communities. Since “the Kingdom of God is both present and future, both societal and individual, both physical and spiritual,” RenĂ© Padilla shares that “eschatology is not an encouragement to escape into the distant future, but an incentive ‘to infuse the world with hope, for both this age and the next...this means that we must...respond to immediate human needs, and press for social transformation.”
 

UBS

 

AN OPEN MIND

This reflection comes out of the excitement I had in allowing my mind to get rattled and in allowing it to think out of the mundane. I just stepped out of the Seminar UBS had arranged with The Faraday Institute of Science and Religion . I told myself and also sort of helped my associates to be open-minded on the whole approach on “Creation or Evolution---Do we have to Choose?” Earlier the question was to choose either one i.e. to take stand for one. But now well meaning Christian Scientist ( for that matter some who are the best in the world) are enabling us to peep into this whole world of scientific developments and then try to make us understand / realise that "the need is for many types of explanations to do justice to the complex phenomenon". In other words the guidance is to look at the Scientific model along with the Ethical, Aesthetic and Theological models; complementary models to give explanations to issues regarding ‘Life.’ (I am not quoting but reflecting on the t