Godonomics

Godonomics


Bible and Money: Why God Supports Free Market Capitalism

posted by chadhovind

The Bible supports free market capitalism for a variety of reasons.

1) Free market capitalism requires the voluntary exchange of goods and services. Therefore, Freedom is the fuel for the system.  Someone must freely choose to buy your product forcing you to put their needs ahead of your own by setting a price and quality that THEY will want to buy.

2 Cor 3:17  and where the Spirit of the Lord is, there is liberty.

From the theology of the Garden of Eden to the Exodus from Egypt, freedom is the recurring theme of the Bible.  Wherever true followers of Christ have taken seriously the message of the Scripture, they have pushed for more freedom for everyone.

2) The free market system is built on Biblical ideals:  property rights, reward and incentive that are scattered throughout the Biblical narratives.

1 Timothy 5:8  But if any provide not for his own, and specially for those of his own house,he hath denied the faith, and is worse than an infidel.

The early church reformers and followers of Christ wanted to design a system where everyone provided for his own.  This bedrock ideal was part of the framework for the their understanding of the free market system.

Here is a clip between Glenn Beck and I about the Biblical foundations for free market capitalism:

YouTube Preview Image

3) The free market always produces more prosperity throughout history. Socialism, communism, and increasing degrees of government interventionism always lead to poverty and loss of liberty.

Take this example from The Mature Man by David Dewitt

“One of the false values of the Soviet Communists was peace at all costs. There were signs in Romania that equated peace with their communist dictator Niklai Ceausescu. Signs such as “Ceausescu Is Peace.” He kept that peace alright. His secret police terrorized the country. Everybody was under surveillance. People were starved until they had to steal to survive. They stole corn from large government owned farms. They planted and raised the corn, but they couldn’t have any of it. The government sold the corn, probably to Russia, and Ceausescu would pocket the money. They had to steal the corn or else they would starve to death. The government knows they are stealing it, but won’t do anything about it unless they want to compromise someone. For example, they might want to know if a person is speaking against Ceausescu, so they would take his neighbor to jail. They tell the person they know he has been stealing, and won’t be released unless they inform on his neighbor. The stores in Romania were empty. There were lines to buy bread, meat, and gas. Bread was rationed. Meat was rationed to one chicken per family member per month. Meanwhile, Ceausescu was padding his already fat Swiss bank account with the money made selling Romania’s products to foreign markets. BUT HEY, AT LEAST THEY HAD PEACE.

Finally in December of 1989 the Romanians had all the “peace” they could stand. The army refused orders to fire on their fellow citizens. That was followed by a few weeks of war between the regular army and Ceausescu’s secret police and foreign mercenaries. On Christmas Day in 1989, Nikolai Ceausescu was shot by a firing squad. Before his death he told his executioners they should restore power to him so that he could end all the violence they had caused and once again establish “PEACE.”

Throughout history, every time socialism is tried. Everytime. The result is a loss of liberty. A loss of prosperity for the masses as the government confiscates property, rights, and incentive.  A loss of generosity is the net result of government interventionism.

For more information, check out the two DVD series Godonomics at www.godonomics.com

 



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Agnostotholic

posted June 25, 2011 at 2:21 pm


I’m assuming by the title that the author is trying to stand on the bible to look a little taller behind the podium, but still — can you explain the point of this article? It seems to imply that if you’re wealthy, it’s okay – God still likes you. It doesn’t matter if you’re a pastor who drives a Bentley, a monk who disavows earthly wealth, or a businessman who hides behind well-crafted data, and hides from reports that might show him to be unwittingly complicit in corruption – the bible is just like any other document in that folks will interpret it in whatever way makes them feel better.

I don’t understand the comparison with Soviet Communism, unless of course the author intended this quote-fest to be a political piece, implying that his version of a free-market economy is the only alternative to a police state. I wouldn’t be so bold as to accuse that, however! :-)

Of course Ceaucescu’s version of “peace” was nothing close to peace. I’m hoping that anyone that reads this would say “well, duh.” At the same time, our economy is not a free-market economy either. Sure, it’s sugar-coated to seem that way, but our forefathers could not have envisioned the levels of corporate power, crime, or greed, nor could they have envisioned the reality that organized crime is a legitimate world power. So, it’s kind of an asinine thought.

(note: when I say “corporate” I include “government” as well, because in our current reality, those words are the same. I just want to make sure that this response isn’t taken to be a defense of any party or political ideology, other than possibly anarchistic. )

My guess is that the author is using this platform as sort of a passive-aggressive statement against corporate regulation, but I’m hopeful that he’s more responsible than that. Ah, but then I look at the first statement that a free market relies on a voluntary exchange of goods and services (which cannot occur when big business controls the options and the dissemination of information), and then I look at the second statement that a free market is based on biblical ideals (I’m hopeful that a sprawling cathedral built to honor a carpenter’s son, created by taxing the populace and usurping land rights, is not part of the referenced ‘biblical ideals’), and the third statement that a free market creates prosperity (like the deregulated outcome of false dot-com profits, or Enron or Ebbers or Wall Street or Madoff), and I realize that I was mistaken – the author is not talking about our economy at all, but an alternate world where people always operate out of integrity and sound personal ethics, and where the market is protected so as to be truly free. But then that brings me back to the pointlessness of this whole article. Were we talking about a real economic landscape, or a real one?

For your sake, if there really is a God, I sincerely hope that he/she/it doesn’t catch you using his/hers/its name to earn a paycheck. Positioning yourself in such a way, as an authority on how a supreme being might condone the actuality of our economic structure, might be deemed offensive. Of course, if you’re a nonbeliever, then congratulations on the marketing angle – truly original!



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mbhall1949

posted July 24, 2011 at 2:22 pm


Cherry picking your way through both Scriptures and history. I’m researching something else or I would take some time to address your expansive list of connections between the free market (capitalism – call it what it always been called) and God, between socialism and the lack of freedom. However, implicit in your statements is an underlying theme: that God supports capitalism. It looks more like capitalism supersedes God. That capitalism brings us the bounties of life – not God. This does not make me a socialist by any means. Socialism, like capitalism is rampant with materialistic ideologies. Too many community churches lay out plans for purpose driven lives that lead to financial wealth that is equated with the nearness or attainment of salvation. This is both blasphemous and idolatrous.



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