The Christian worldview embraces a form of democratic capitalism that allows for the peaceful and free exchange of goods and services without fraud, theft, or breach of contract as the biblical view. First, the Bible grants us the right to private property and calls us to be good stewards of our resources. Second, a free enterprise system affords the greatest opportunity to steward our resources responsibly by creating wealth and opportunity. Third, the competition in a free market system works according to the principle of comparative advantage, which affirms our inherent worth as individuals.7 The thousands of years of experiments with socialist economic systems have resulted in nothing but failure and tragedy—Fascism, Nazism, and Communism relied on the faulty ideas of socialism and Darwinian evolution. Their catastrophic failings are documented in Igor Shafarevich’s The Socialist Phenomenon,8 Ludwig von Mises’ Socialism,9 and Joshua Muravchik’s Heaven On Earth: The Rise And Fall Of Socialism.10 Socialism’s call for economic equality is countered by capitalism’s call for the biblical requirement of equality before law. The biblical view does not cause the rich to get richer and the poor poorer as socialists contend. Rather, the biblical view encourages the rich to create more wealth, thereby aiding all of society. Policies of redistribution of wealth, including welfare systems, only multiply problems for the poor by creating needless bureaucracies and concentrating too much power in the hands of the government. Capitalism, on the other hand, encourages freedom in the political sphere, minimizing the danger of granting sovereignty to the state instead of to God. Taken from allaboutworldview.org
Posted on: Tue, 04 Nov 2014 20:54:39 +0000
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