Many times in recent months I have heard people compare our economic times as "the worse since the Great Depression." While many parrot such things, the real numbers are quite different.
According to Jeffrey Sachs, in his book The End of Poverty, roughly a fifth of the world's population (about 1.1 billion) live in extreme poverty -- the kind of poverty that kills people. Two generations ago, about half of the world's population was in extreme poverty. I offer this out because most of us will never see that kind of poverty, but it shows just how far the world has come since the Great Depression. Also, it illustrates the fact that most of us who complain about the economy are a part of the four-fifths of the population that can count on surviving another year.
During the Depression, they had about four times today's unemployment rate. Some people predict we might see as high as 11 percent unemployment before the economy turns around, which is still less than half of what they had during the Great Depression. During the Depression, when banks failed, there was no FDIC to insure your savings. Now, we just have to worry about the devaluation of the dollar, resulting from the Federal Reserve printing more money to "solve" our problems. (Cause enough to worry, but at least we still will have something.)
Actually, we are much better off than when Reagan took office forty years after the Depression. At that time, we had higher taxes, higher unemployment, double-digit inflation, and double-digit mortgage rates! During the Depression, many refused government assistance, today, the government is the first place we go to for assistance. It is telling how uninformed and soft we have gotten when today's economy is compared to the Great Depression.
That said, there is plenty to be concerned about. Everyone who has any knowledge of the economy expects things to get worse before they get better. The honest ones will tell you that our politicians (of both parties) will likely make things worse trying to fix things. While interest rates are relatively low, most of us cannot afford to sell our houses at today's market values. It is good that 93 percent of us have jobs, but 7 percent do not, and their ranks are growing every month. Investments are sinking, or are already under water. Those with work are finding that companies are cutting back on their benefits.
After reviewing the "signs of the times," Francis Schaeffer asked in his book by the same title, "How shall we then live?" That is the question on my mind at this time. Walter Brueggemann writes in his book, The Prophetic Imagination:
This is what the Church should be doing in every age, and I think it provides a clue to how we are to answer Schaeffer's question. Sadly, I think Brueggeman's assessment of the contemporary American church is also spot-on.
We compare the current times to the Great Depression because we have been lulled into sleepy inaction and unbelief. We lose sight of the larger picture, and as a result, we will likely not notice the real problems.
It is easy to stand in criticism of today's culture, but it is harder to energize toward the alternative of "God's freedom and justice." We have to do little to criticize. We can criticize even while enjoying the benefits of the dominant culture. But to energize toward an alternative -- especially toward God's alternative -- that requires us to take action. Yet, isn't that what Christ asked of us?
So, "How shall we then live?" This dove-tails well into my reflections on the Church.
