Is There Still Scope for Finance to Fulfill God’s Purposes?
As these situations show, in a fallen world, there are situations in which market-rate finance does not meet the needs of some potential borrowers while also benefiting lenders. Just because God created the foundations for markets and prices, does not mean finance is always capable of bringing complete stewardship, justice and love to resource allocation. We must be careful not to worship the market or justify something because it is an outcome of a market transaction. Financial markets are a blessing from God, but they are not the only blessing and will not be a blessing in every circumstance. Governments and nonprofit organizations are also blessings from God. Further, in a fallen world, markets and financial institutions can cause great harm to society and to individuals. The market needs to be balanced with other institutions in society and always evaluated against God’s will for us as revealed in his word. There is still a scope for finance to fulfill God’s purposes, but only through God’s redemption can finance be restored to his original design.
For a caution against worshipping the market and for an analysis of how markets fit with governments and NGOs see Van Duzer, Why Business Matters to God: (and what still needs to be fixed), Chapter 6.