Is “free enterprise capitalism” the only way?

That’s the question roughly posed at The Banner.

Is it true that the Bible endorses free enterprise capitalism? I read that this is because it assumes private property and rewards a good work ethic.

Editor Shiao Chong defers in his answer, pointing to a “perfect economic system” as a sort of goal. All rather Platonic, when you think about it.

The correct answer is that God does not “endorse” any human social arrangement, let alone envision some “perfect economic system.” Instead, what God asks for is that these arrangements in their particularlity be just. In large measure we do not get to choose the sort of system we live under, be it a parliamentary democracy, a republic or for that matter a kingdom. God can and has worked through all of these. In the same manner, the economic arrangement in society can have a wide variation.

On the specific question, “free enterprise capitalism” is a rather flexible term, meaning different things in say the sociology, the political science, and economics department. What we do know is that however defined, the result of the system must still safeguard the poor and the weak from the all too easy actions of the wealthy and powerful. This caution is spelled out over and over again in the Psalms and Prophets.

We do not pursue a perfect system, or even a perfected system, but rather a perfect, a complete obedience on our side. That at least seems more doable.

 

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