Is capitalism biblical? You don't have to be a pope to ask that question

Is capitalism biblical? You don't have to be a pope to ask that question


It has always been my understanding from Proverbs (condemning the “sluggard”), and Paul’s instruction that missionaries earn their keep and not be a burden, that the Bible encouraged hard work and a responsibility to give of our blessings to the poor — personal responsibility vs. government responsibility. The trend toward government socialism seems to discourage that. Is capitalism biblical?


In America, it’s springtime for socialism. A Harvard survey of those ages 18–29 showed 33 percent support socialism compared with 42 percent for capitalism, and socialist support reached 50 percent among Democrats. A poll of Iowa Democratic caucus-goers found 43 percent considered themselves socialist vs. 38 percent capitalist. Sliding regard for big business accompanies the related success of Socialist-plus-Democrat Bernie Sanders in the 2016 presidential campaign.

Sanders is arguably the most secularized candidate ever to wage a major presidential run (can you name any competitors?). Even so, he was the only U.S. politician the Vatican invited to speak at an April economics conference (Sanders cited no Bible verses), where he briefly met Pope Francis. That was called a courtesy, not endorsement, but the pontiff appears soft on socialism, which sets conservative Catholics abuzz.

Francis joins previous popes in teaching biblical tenets of concern toward the needy and against the sins of greed and materialism. But he’s more outspoken than his predecessors in assailing free markets and urging government redistribution of wealth.

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