Judaism, Markets, and Capitalism: Separating Myth from Reality

Why is it that American Jews suffer from (or perhaps enjoy) a particularly acute case of champagne socialism? The most popular answer to this difficult question involves the impact of Judaism on the belief system of American Jews, as well as Judaism’s emphasis on aggressively pursuing social justice. The conventional wisdom is that Judaism motivates Jews to be highly educated and to succeed professionally but to fervently support relatively collectivist social policies and other forms of aggressive government intervention for shaping an ideal society.