Thursday, October 9, 2008

Capitalism is a sin

Capitalism basically says it is man's greed that will maintain an economy. They will not let a company fail because of their greed, they will make better products because of their greed, etcetera.

But greed is a sin. We're building our entire economy on sin. (Mark 7:21-23; Romans 1:28-30; 1 Corinthians 5:11, 6:9-11; Ephesians 5:3, 5; Colossians 3:5.)

And this is where hypocrisy comes into play. We can't have gay marriage because the government of the people would be supporting sin. We can't keep abortion legal (even though legal status does not affect the number of abortions) because the nation is supporting sin. But we not only allow capitalism's free reign, we encourage it.

When the fact that illegal abortions cause the deaths of tens of thousands of mothers every year, the response is that these women deserve it for seeking to commit such an evil act (and it is evil). Capitalism not only is based on greed - a sin - it also effects usury, poverty, oppression, slavery, racism, and many other evils.


His Name Extoled said...

it can be argued that capitalism, practiced rightly, is the biblical work ethic (or as my pastor calls it, and others have to, the puritan work ethic). you work, and you are rewarded for youre work. the more you work, the more you are rewarded. if you do not work you do not get rewarded. so if a man will not work he will not eat. now anytime that is used the response from those who are biblical is that those who have more have a responsibility to help those in need, but not those who can work and choose not to, or those who foolishly squander their wealth. capitalism left to itself is greedy based. but socialism left to itself is laziness based. why should i work when everything i need i can get from the government. capitalism does not necessitate greed. capitalism + sinful humans left to themselves = sin (but for that matter any economic system + sinful humans = sin). no economic system that i know of is inherently sinful. sin just ruins them all.

Steven Kippel said...

You didn't describe capitalism at all. You described labor. Socialism includes labor. I'm not a socialist, but I am a supporter of labor. Labor is good and just.

This post uses rhetorical language to make a point about greed, but I want to clarify what capitalism is.

Capitalism is a market system based on private ownership and control of capital. The current economic crisis is a failure of capitalism. Corporations grow so large they are "too big to fail" and are then propped up by the free-market loving government. There has never been a single capitalistic economic system to work long-term without government intervention.

The economic minds behind capitalism, including Adam Smith and Milton Friedman, opposed state-enforced restrictions on the market saying it was self-interest that would lead to healthy markets. Capitalists are big fans of greed, of looking out for number one.