Saturday, February 18, 2012

More on money

This makes my head hurt

Presbyterians Consider Divesting From Select Companies In Israel

A major body within the Presbyterian Church (U.S.A.) voted Friday to recommend that the church vote to stop investing in three companies "until they have ceased profiting from non-peaceful activities in Israel-Palestine.”

The vote proposed by the General Assembly Mission Council on whether to continue investing in the corporations -- Caterpillar, Motorola Solutions and Hewlett-Packard -- will happen at the church's General Assembly, a national meeting of church leaders that will take place in late June and early July in Pittsburgh. The assembly meets every two years.
Oh how very noble and P.C. (pun intended!). Of course this is not a paltry sum of money we are talking about here. In another article I read the following:

The denomination had more than $28 million in total investments in the three companies as of its most recent financial reports — small fractions of their combined market capitalization of about $150 billion.
$28,000,000 in just those three companies? I couldn't find how much we are talking about in total but I imagine it is a substantial amount of money.

I have a better idea. Why stop there? If you truly want to follow Christ, may I recommend the the P.C.U.S.A. and all other churches divest themselves of investing at all. Period. The notion of Christians banding together to collect and horde money for the future when people are starving and more critically dying outside of Christ every day, is perverse.

The poisonous leaven of money infects even those "churches" that boast in their social justice and liberalism. When it comes to the deadly love of money, there is little difference between Left and Right.

1 comment:

Aussie John said...


It makes my heart hurt.

The very same accumulation of assets (investments and property)as well as substantial monetary deposits, is happening in this country, amongst all the major denominations.

John Mark Ministries reports that in 2004,the five biggest religious groups turned over $21.6 billion.

This is all the more remarkable when considering the fact that Australia has a population of 22,835,453.