The document discusses Religious Market Theory proposed by Stark and Bainbridge as an alternative to secularization theory. Some key points of Religious Market Theory are that it sees religion as a market where different faiths compete to meet consumers' needs, in contrast to a religious monopoly. It also argues against the idea of a "golden age" of religion and instead proposes a perpetual cycle of religious decline and renewal. Critics argue that while Religious Market Theory may explain religious vitality in America, secularization theory better explains trends in Europe.