... we might want to say that magic typically emerges and flourishes where there is a certain frustration about the refusal of many kinds of public organised religion to solve practical questions. Where public religious practice tends to the contemplative, focusing receptively or adoringly on a depth of reality quite out of human control, magic is entrepreneurial, a private enterprise of trial and error promising high returns for a high degree of risk (spiritual and pragmatic). It is almost universally regarded as politically dangerous for this reason.
Magic appeals to the authority of demonstrable results rather than established hierarchies, even if these results remain promised rather than realised. It is not just a debating point to suggest that certain aspects of modern economic theory work remarkably like ancient and Renaissance magic, appealing to uncertainly charted forces in nature and confidently predicting results that are not always prompt in appearing. If we are baffled by the intellectual respectability of magic in earlier days, it may be illuminating to think about our own willingness to be fascinated (in the Old English sense of bewitched) by ambitious and risk-laden systems based on deeply hidden processes.