NatCons don't hold to a Biblical view of humanity and morality. They believe that free markets and globalization have destroyed the morals of American, not their sin nature, and the government can improve people's morals.
Presenting the Biblical basis for free market economics, capitalism, and sound investing.
NatCons don't hold to a Biblical view of humanity and morality. They believe that free markets and globalization have destroyed the morals of American, not their sin nature, and the government can improve people's morals.
"Add on top of that a couple of other factors, one which I think is very significant is the continuously wider gap between the income levels of the working class and the money that the wealthiest receive. For example, CEOs that 60 years ago might have been making four to six times more than what the workers are receiving, the last figure I saw, it’s 600 times more than what average workers are receiving. Yesterday the news that Elon Musk is going to be the first trillionaire in the world. What does that mean and what’s that about? If that is the only thing that has value anymore, then we’re in big trouble."
If theologians are not Marxists, most will insist like Blomberg that the Bible is neutral on the question of capitalism verses socialism. That doesn't explain why theologians from the 16th century until the late 19th century proclaimed laissez-faire capitalism as Christian economics.
Then, astronomers began to prove Aristotle's astronomy wrong and opened a crack in veneration of the pagan philosopher. Theologians at the University of Salamanca during the Reformation drove a truck through the crack by distilling the principles of capitalism from natural law with Biblical support.
Social psychologist Jonathan Haidt explains in his book The Righteous Mind: Why Good People are Divided by Politics and Religion. Haidt, like most professors in the humanities and social sciences, is a socialist. Haidt shows that compassion, and only compassion, drives socialists. While capitalists value compassion, they temper it with concerns for justice and truth.
There are several reasons Christians should be familiar with the science of economics. Christian theologians gave birth to the science. I wrote about that here, so I won't go into the details in this post.
"The earth, entire peoples and individual persons are being brutally punished. And behind all this pain, death and destruction there is the stench of what Basil of Caesarea called “the dung of the devil.” An unfettered pursuit of money rules. The service of the common good is left behind. Once capital becomes an idol and guides people’s decisions, once greed for money presides over the entire socioeconomic system, it ruins society, it condemns and enslaves men and women, it destroys human fraternity, it sets people against one another and, as we clearly see, it even puts at risk our common home."
An old article by Craig L. Blomberg, Professor of New Testament at Denver Seminary, prompted this blog because it seems Blomberg's points speak for many theologians today. His article, "Neither Capitalism nor Socialism: A Biblical Theology of Economics," gives seven (a Biblical number) reasons for his ambivalence.
The parable ends well. But the economist and Nobel Laureate James Buchanan wanted to know the rest of the story. He asked, what if the victim refused to leave the inn? What if he decided to stay at the inn forever and let the Samaritan support him? After all, the Samaritan had given the inn keeper money to pay for the victim's room and board and told the inn keeper that if that amount didn't pay all of the expenses, the Samaritan would repay him when he passed by the next time.
Jesus said nothing about that possibility because in his day there was no need to fear people would give too much to the poor. They didn't give enough. And the leaders stole what little the poor had left. Jesus didn't exaggerate when he said the high priest had turned the temple into a den of thieves.
Still, Christians in the early church began to face the problem of charity abuse. When Peter had the church in Acts chose deacons, it was supporting mostly widows. In 2 Thessalonians 3, Paul warned that the church should refuse to feed idle men who could work. And Paul left strict instructions for the church on how to care for widows. “But if a widow has children or grandchildren, these should learn first of all to put their religion into practice by caring for their own family and so repaying their parents and grandparents, for this is pleasing to God” (1 Timothy 5:4). Apparently, widows and lazy men had been abusing the church's generosity.
Let's assume the agency only kept poor children from starving, as the left claims, and ignore the charges of abuse and waste brought against it by Republicans. In the last article, I wrote about how tariffs will hurt the poor. So, shouldn't I support USAID? No.
Immediately after his inauguration, President Trump said he would impose 25% tariffs on Canada and Mexico on February 1. He has repeated that he loves the word tariffs. "To me, the most beautiful word in the dictionary is tariff. And it’s my favorite word. It needs a public relations firm to help it."
Does the Bible say anything about tariffs? Not explicitly. But it has references from which we can extrapolate principles. Jacob imported wheat from Egypt during the famine in Genesis 42. Solomon imported cedar and cypress lumber and gold from Tyre for building the temple in Jerusalem in I Kings 5. He bought horses from Egypt in I Kings 22. And in I Kings 9, the wisest king ever built ships to conduct international trade, imports and exports.