Jesus paid it all,
All to him I owe.
As social gospel theologian Shailer Mathews noted in the early 20th century, those words from a beloved American hymn signal to us how deeply imbued American Christianity is with a capitalistic worldview and capitalist values.* The substitutionary atonement of Christ's death on the cross is celebrated in the hymn as a financial transaction — we sinners owe a debt; Jesus pays it on our behalf.

