Capitalism, Socialism, and the Bible

Capitalism, Socialism, and the Bible

By Gary North

 

The essence of democratic socialism is this re-written version of God’s commandment: “Thou shalt not steal, except by majority vote.”

“Economic democracy” is the system whereby two wolves and a sheep vote on what to have for dinner.

Christian socialists and defenders of economic planning by state bureaucrats deeply resent this interpretation of their ethical position. They resent it because it’s accurate.

When Christianity adheres to the judicial specifics of the Bible, it produces free market capitalism.

On the other hand, when Christianity rejects the judicial specifics of the Bible, it produces socialism or some politically run hybrid “middle way” between capitalism and socialism, where politicians and bureaucrats make the big decisions about how people’s wealth will be allocated. Economic growth then slows or is reversed. Always.

Free market capitalism produces long-term economic growth. Socialism and middle-way economic interventionism by the state produce poverty and bureaucracy. If your goal is to keep poor people poor, generation after generation, you should promote socialism. But be sure to call it economic democracy in order to fool the voters.

The Bible is an anti-socialist document. Socialist propagandists for over four centuries have claimed that the Bible teaches socialism, but we have yet to see a single Bible commentary written by a socialist. If the Bible teaches socialism, where is the expository evidence?

When I say that the Bible mandates a moral and legal social order that inevitably produces free market capitalism, I have the evidence to back up my position. My critics — critics of capitalism — do not.

The next time you hear someone say that the Bible teaches anything but free market capitalism, ask him or her which Bible commentary demonstrates this. You will get a blank stare followed by a lot of verbal tap-dancing about “the ultimate ethic of the Bible” or “the upholding of the poor in the Bible.” You will be given a lot of blah, blah, blah. Blah, blah, blah is not a valid substitute for biblical exposition.

Fact: There has never been an expository Bible commentary that shows that the Bible teaches anything other than free market capitalism.

Beginning in April, 1973, I began writing a verse-by-verse commentary on the economics of the Bible. The first essay, on Genesis 1:26-28, appeared in the May, 1973 issue of the Chalcedon Report.

An economic commentary on the Bible had never been attempted before. I discuss only those passages that relate to economics.

No one before me had ever attempted to write a Bible commentary on a specific academic discipline. I hope mine becomes a model for others.

I have continued working on this project ever since. I limited my writing to one essay per month from 1973 to 1976. Beginning in the summer of 1977, I began working 10 hours per week, 50 weeks per year on this project.

I have needed every minute.

So far, I have written commentaries on every book except Esther and the Song of Solomon. I found nothing in Esther. I do not expect to find much in the Song of Solomon. Some are still in manuscript form: the epistles, the prophets, Psalms, the historical books, and Ecclesiastes. They will be typeset by the middle of 2010 if things go well. As for indexing, I make no promises about anything that is not yet on-line.

  The Bible mandates free market capitalism. It is anti-socialist. The proof is here: 10,000 pages of exposition, verse by verse. Free. *

Dr. Gary North’s website is dedicated to the theological implications of God’s word to the study of economics.  

Dr. Gary North is the noted author of numerous works on economics and history (including Mises on Money and An Economic Commentary on the Bible) and is a co-founder of Christian Reconstruction. He continues to pour out a steady stream of writing and commentary and you can learn more about his work at www.garynorth.com and www.freebooks.com.

Advertisements
This entry was posted in All-Encompassing Gospel, Church and State, Gov't/Theonomy, Theology/Philosophy, Z-Uncategorized and tagged . Bookmark the permalink.

Thank you for your interest and comment.

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s