Some of the high-flying icons of the prosperity gospel—the belief that God rewards signs of faith with wealth, health, and happiness—have run into financial turbulence. Not all of their troubles can be blamed on the nation's economic crisis, say critics of the name-it-and-claim-it theology found in some charismatic churches.
"I believe the charismatic movement, of which I am a part, is in the midst of a dramatic overhaul," said J. Lee Grady, editor of Charisma magazine. "God is shaking us." Grady predicts the movement will look much different in a few years as it refocuses on evangelism and overcoming what he calls the distraction of "materialism, flashy self-promotion, and foolish carnality." But Scott Thumma, a Hartford Seminary sociologist who studies mega-churches, is not so certain.
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