Churches: Moral Right & Economic Might

The increasing commitment of U.S. churches to eradicating social evils has confronted them with a new dilemma:

Should they use their economic power — to the extent that they have it — to further these ethical goals?

The question is not academic. On construction alone, the churches spend $1 billion per year. Denominational pension funds — invested in stocks, bonds and mortgages — add up to more than $2 billion. The yearly purchasing power of the churches runs into still more billions; last year the Roman Catholic Archdiocese of New York alone spent...

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