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Religion in the twenty-first century is alive and well across the world, despite its apparent decline in North America and parts of Europe. Vigorous competition between and within religious movements has led to their accumulating great power and wealth. Religions in many traditions have honed their competitive strategies over thousands of years. Today, they are big business; like businesses, they must recruit, raise funds, disburse budgets, manage facilities, organize transportation, motivate employees, and get their message out.

Economist Paul Seabright argues that religious movements are a special kind of business: they are platforms, bringing together communities of members who seek many different things from one another—spiritual fulfilment, friendship and marriage networks, even business opportunities. Their function as platforms is what has allowed religions to consolidate and wield power, which can be used for good and for harm.

Paul Seabright is a Professor of Economics in the Industrial Economics Institute and Toulouse School of Economics at the University of Toulouse, France. His new book is The Divine Economy: How Religions Compete for Wealth, Power, and People.