The first historical force is the widespread disillusionment with the promises of materialism, driven by what “One Common Faith” calls “the bankruptcy of the materialist enterprise itself”.
- The “materialist enterprise” as the current capitalist system practiced in liberal democracies. The text broadens this perspective to include the full range of socio-economic experiments that manifested themselves in the twentieth century.
- While there were considerable and important differences between these systems, each derives “their moral and intellectual thrust from the same limited conception of reality”.
- It is essential to take a closer look at the present-day culture created by “materialism’s gospel of human betterment”.
- There is a vast difference between "material development" and the "materialist world view".