Though it lacks a pope, capitalism surely has cardinals who preach its doctrine, Jag Bhalla points out in today's lesson. And some cardinals of capitalism practice ethical inequality: unequal treatment before the rules.
When we look at Catholic history, as Bhalla has us do, we see unequal treatment such as the granting of indulgences as one of the events that triggered a rebellion against papal power.
Indulging capitalist vices hoping that markets will transform them into what’s best for all is empirical and logical myopia, Bhalla argues. Capitalism, the dominant secular faith of our
times, risks a reformation.