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Rediscovering Values: On Wall Street, Main Street, and Your Street Review

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There is perhaps no more relatable ethicist in America than Jim Wallis. His common sense approach and easy to read prose get across points that would either be overcomplicated or fall flat in less adept hands. With “Rediscovering Values” Wallis aptly points out that the financial crisis was, in a broader sense, a moral crisis. As people have increasingly put their faith in the markets they abrogated any sense of responsibility to ensure their investments were indeed in capable hands. The increasingly higher returns lulled investors into a false sense of security which ultimately led to the calamitous collapse of the markets. And as with his earlier books Wallis does not let readers off easy, and instead argues that each individual has an obligation to renew their own sense of ethics and morality rather than assuming others will act in such a manner. But Wallis views this as an opportunity, or a teachable moment, rather than acting as a scold. The result is a book that is challenging, yet also invigorating. Wallis is preaching not just to individuals, but to society and specific businesses and leaders as well. What makes our society great is that we have an unspoken and unwritten contract between us all to act in an ethical and moral manner. Failing to do so will result in condemnation in the marketplace; something currently unfolding throughout our economy as we speak. Fail to act in an ethical and moral way and not only will your business face the consequences, but your career will as well; something aptly pointed out by all the out-of-work investment bankers.

And rather than being an anti-business screed, “Rediscovering Values” lays out a number of principles for people to follow to set themselves on the right financial path going forward. These are all common themes in his other bookssuch as God’s Politics: Why the Right Gets It Wrong and the Left Doesn’t Get It, The Great Awakening: Reviving Faith and Politics in a Post-Religious Right America, and Faith Works: How to Live Your Beliefs and Ignite Positive Social Change, but a nice reminder for someone picking up one of his books for the first time. Admittedly, Wallis will not appeal to “Prosperity Gospel” Christians, but he will appeal to “Social Activist” Christians to the left. In the end that may minimize the audience that Wallis reaches, but hopefully people will keep an open mind and a discerning heart as they read.

Rediscovering Values: On Wall Street, Main Street, and Your Street Feature

• ISBN13: 9781439183120
• Condition: NEW
• Notes: Brand New from Publisher. No Remainder Mark.

Rediscovering Values: On Wall Street, Main Street, and Your Street Overview

When we start with the wrong question, no matter how good an answer we get, it won’t give us the results we want. Rather than joining the throngs who are asking, When will this economic crisis be over? Jim Wallis says the right question to ask is How will this crisis change us?

The worst thing we can do now, Wallis tells us, is to go back to normal. Normal is what got us into this situation. We need a new normal, and this economic crisis is an invitation to discover what that means. Some of the principles Wallis unpacks for our new normal are . . .

• Spending money we don’t have for things we don’t need is a bad foundation for an economy or a family.

• It’s time to stop keeping up with the Joneses and start making sure the Joneses are okay.

• The values of commercials and billboards are not the things we want to teach our children.

• Care for the poor is not just a moral duty but is critical for the common good.

• A healthy society is a balanced society in which markets, the government, and our communities all play a role.

• The operating principle of God’s economy says that there is enough if we share it.

• And much, much more . . .

In the pages of this book, Wallis provides us with a moral compass for this new economy—one that will guide us on Wall Street, Main Street, and Your Street.

Embracing a New Economy

Getting back to “the way things were” is not an option. It is time we take our economic uncertainty and use it to find some moral clarity. Too often we have been ruled by the maxims that greed is good, it’s all about me, and I want it now. Those can be challenged only with some of our oldest and best values—enough is enough, we are in it together, and thinking not just for tomorrow but for future generations.

Jim Wallis shows that the solution to our problems will be found only as individuals, families, friends, churches, mosques, synagogues, and entire communities wrestle with the question of values together.

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