A worried student asked me the above question --
That student elaborated by asking -- can I be politically conservative, economically pro-capitalist, theological conservative and still be postmodern, i.e. emerging?
My initial response to the latter question was, well, yes -- and no.
I would give the same answer to one who is politically liberal, economically a Marxist, and theologically liberal: 'yes -- and no'.
No, because from a postmodern vantage point, both conservative and liberal are modern positions. They hold up single ways to view things while excluding other perspectives.
Yes, because a person cannot leave his/her own culture. Modernists have a whole way of life built around their beliefs and it is not like they can leave those practices behind. However, they may be able to hold them more lightly and recognize the other side of things, especially in regard to the gospel.
The gospel critiques modernity (conservative and liberal) and postmodernity, as it does all cultures. Because of this, all of our positions we must hold tentatively as God's ways hold ultimate priority. Therefore, taking my cue from many emerging churches, I hold the Sermon on the Mount as my primary 'constitution' or authority if you will (as it was for the first few centuries) and believe it trumps all other allegiances including governmental ones (all across the political spectrum).
These were my initial thoughts on my students question...