I was glad to see Sojourners‘ Jim Wallis on The Daily Show with Jon Stewart last night! The Sojo folks coined the phrase “It’s time to fire your bank!” and Stewart seemed to really like the concept!
I like Wallis’ quip referring to father of capitalism Adam Smith from The Theory of Moral Sentiments and also the economic analysis of excessive capitalism from Austrian economist Joseph Schumpeter:
“What happens when ‘the invisible hand’ lets go of the common good? Adam Smith says without a moral framework the market really can’t function properly, and Schumpeter, the Austrian economist, said, ‘When there’s no ethical sensibility, the market ends up devouring every other sector and finally ends up devouring itself.'”