The notion of free market capitalism has faced fierce condemnation in recent times from those who decry its perceived inequity and cruelty. A particular piece entitled “Capitalism is not a God-ordained economic system” presents such arguments. Yet, upon closer scrutiny, it becomes evident that this economic framework finds its origins in one of the most venerable and powerful works in existence: the Bible. Far from being a product of contemporary culture, free market capitalism is deeply rooted in Biblical tenets and has been embraced by civilizations throughout the ages.

While the origins of the term may not be credited to him, the prevalence of the term “capitalism” can be traced back to Karl Marx’s publication of “Das Kapital,” in 1867. He defined capitalism as a system that prioritizes profit and private ownership over individual freedom and fair competition.

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Under capitalism, large corporations hold significant power and influence, leading to monopolies and price fixing, which goes against the principles of a free market economy. Additionally, capitalism allows for exploitation of labor and resources, leading to unequal distribution of wealth and opportunities. 

In reality, free market capitalism is based on the belief that prices, wages, and resources should be determined by the interactions between supply and demand, with minimal government intervention. Therefore, it can be argued that capitalism (as defined by Marx) is a perversion of the true ideals of a free market economy, as it distorts the concept of fair competition and undermines the principles of individual freedom and equal opportunity.

Free Market Capitalism has been the driving force behind the unprecedented growth and prosperity of both America and the world. It has fostered innovation and competition, leading to advancements in technology, medicine, and other industries. Its ability to efficiently allocate resources and generate wealth has lifted millions out of poverty and created countless new opportunities for individuals and businesses.

Free Market Capitalism has also served as a powerful agent for spreading democracy and promoting peace globally, as countries that engage in economic trade are less likely to engage in warfare. While not without its flaws, it has undoubtedly been one of the greatest contributors to human progress and should be celebrated and protected for its immense benefits.

The Bible also emphasizes the importance of generosity and helping those in need.

Simply stated, Free Market Capitalism gives individuals the freedom to make their own economic decisions based on their own self-interest. This concept of free market economics is not only supported by economic theories and principles, but it is also deeply rooted in Biblical teachings.

First and foremost, the Bible teaches about individual responsibility. In the parable of the talents, we see that the master distributes talents to his servants and each of them is responsible for using them wisely. Similarly, in a free market economy, individuals are responsible for their own success and failures. They have the freedom to use their resources and talents to create wealth and improve their standard of living.

Moreover, the Bible emphasizes the importance of property rights. In the Ten Commandments, it is stated “Thou shalt not steal.” This commandment recognizes the right of individuals to own and protect their property. In a free market economy, private property rights are respected and individuals have the right to keep the fruits of their labor. This encourages entrepreneurship and innovation, as individuals have the freedom to reap the rewards of their hard work.

Furthermore, the Bible speaks about the value of fair and just trade. Proverbs 11:1 states, “The LORD detests dishonest scales, but accurate weights find favor with him.” This verse teaches us the importance of fair and honest trade, which is a fundamental principle of free market economics. In a free market, prices are determined by the market forces of supply and demand, ensuring fair and efficient trade for all parties involved.

Additionally, the Bible teaches about the importance of competition. In Ecclesiastes 9:11, it is stated, “The race is not to the swift or the battle to the strong, nor does food come to the wise or wealth to the brilliant or favor to the learned; but time and chance happen to them all.” This verse highlights the fact that success is not guaranteed to anyone, but rather it is earned through hard work and determination. In a free market economy, competition drives individuals and businesses to constantly improve and innovate in order to succeed.

Finally, the Bible also emphasizes the importance of generosity and helping those in need. However, this is best achieved through voluntary acts of charity rather than through government intervention. In 2 Corinthians 9:7, it is stated, “Each of you should give what you have decided in your heart to give, not reluctantly or under compulsion, for God loves a cheerful giver.” In a free market economy, individuals have the freedom to decide how and when to give to those in need, rather than being forced through government regulations.

While Marx’s “capitalism” may not be “God Ordained”, free market capitalism is not only a sound economic principle, but it is also Biblically supported. It aligns with Biblical teachings of individual responsibility, property rights, fair trade, competition, and voluntary charity. It promotes a system where individuals have the freedom to use their talents and resources to create wealth and improve their own lives, while also encouraging generosity and helping those in need. 

Craig J. DeLuz has almost 30 years in public policy and advocacy.Â