Is losing your religion really good for wealth?
According to the Times, a new academic study finds that nations become richer when they become more secular. It contests the traditional idea that a nation gets rich, probably with the help of Protestantism, and then loses interest in religion. Instead, a nation first becomes secular, then becomes rich. There might be some truth in this: the keenest capitalists are often rational individualists who idolise financial success. Enough such people can affect a nation’s economy. But the study, judging from the Times’ report, explains the trend differently. The authors found ‘that a decrease in religious belief was linked to an increase in tolerance for individual rights, including of women and gay
