This post provides a summary of Kathryn Tanner’s fifth Gifford lecture, entitled ‘Another World?’ Afterwards, my New College colleagues Evan Graber and Clement Wen will be providing their appraisals of Tanner’s depiction of the future as seen by both finance-disciplined capitalism and Christianity. As always, we invite your own contributions to our discussion (see my instructions for how to post). The lecture video is also now available at this link.
In this lecture, Kathryn Tanner will concentrate on how the future is depicted in the contrasting accounts offered by finance-disciplined capitalism and Christianity. She will argue that stock valuations and the related sale of derivatives have the effect of ‘collapsing’ the future into the present, employing Luhmann’s distinction between the ‘future present’ (the future that will, in fact, come) with the ‘present future’ (current predictions of how the future will turn out). Tanner will elaborate that such reduction is not only a matter of perspective but actually helps to create such a future by affecting prices and valuations. Any claims to market mastery, however, are challenged by an irreducible unpredictability of the future, as shown in market crashes. Tanner will therefore argue for a Christian view of the future that does not seek to constrain volatility, but that it approaches such uncertainty alongside belief in the disruptive effect of God’s transformative grace. In this way, Christianity’s view of ‘another world’ to come challenges predictive enthusiasm while motivating work towards ‘realistic proximate futures.’