Finally, although Anglophone economic and political liberalism remains the most alluring of the world’s cultures, it continues to face, as it has sin… - Niall Ferguson

‘Amazing Grace’ is the supreme hymn of Evangelical redemption….It is therefore tempting to imagine John Newton suddenly seeing the light about slavery and turning away from his wicked profession to dedicate himself to God. But the timing of Newton’s conversion is all wrong. In fact, it was after his religious awakening that Newton became the first mate and then the captain of a succession of slave ships, and only much later that he began to question the morality of buying and selling his fellow men and women.

In 1615 the British Isles had been an economically unremarkable, politically fractious and strategically second-class entity. Two hundred years later Great Britain had acquired the largest empire the world had ever seen, encompassing forty-three colonies in five continents.

Protestantism made the West not only work, but also save and read. The Industrial Revolution was indeed a product of technological innovation and consumption. But it also required an increase in the intensity and duration of work, combined with the accumulation of capital through saving and investment. Above all, it depended on the accumulation of human capital. The literacy that Protestantism promoted was vital to all of this. On reflection, we would do better to talk about the Protestant word ethic.