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    Scriptures and Economy: Economic Theories of the Bible

    Posted by Christian on April 17, 2010 at 1:42pm
    in Forum

    Does the Bible outline any economic or financial theories?


    http://www.cai.org/bible-studies/bible-study-socialism-and-bible

    " Many people say that the Bible outlines no specific economic system for
    society to follow. Many church bodies are involved in pro­moting
    communism or various forms of socialism, even to the point of giving
    material aid to revolutionaries who are attempting to bring communism
    to their lands. It should be no surprise that the church bodies
    involved in these activities have long ago given up the biblical
    teachings about crea­tion and adopted evolution. As this month's WORLD
    VIEW makes so clear, one's views on creation, and therefore the nature
    of man, work and wealth, will determine how one thinks about the value
    and practice of one's labour in relation to others. The adversarial
    view which comes out of evolution is naturally found in socialism
    because of socialism's materialistic view of the world. The cooperative
    view of work (as regards man) and the thanks offering attitude of work
    (toward God) is naturally a result of the biblical view of creation and
    man.


    ...Read EXODUS 20:15. What do we call this section of Scripture from EXODUS 20:2-17? What is forbid­den here? What situation is assumed in this commandment?
    If God did not allow the private ownership of property, would this
    commandment make any sense? Read
    DEUTERONOMY 22:1. What is again assumed here? How does this relate to EXODUS 20:15?
    What would it be called if you allowed someone else's ox or sheep to go
    astray? What would God hold you responsible for if you let this happen?
    Read
    LEVITICUS 19:35-36.
    What is forbidden here? Does this specific command of God assume
    ownership of private property? What would you be doing if you used
    unfair weights or balances in selling goods?
    "


    Extremely interesting article, compelling arguments.
    I truly believe the Torah mandates laissez-faire capitalism and preaches spefic
    economic theories, although it has it's own unique socio-economic
    twists, such as the Jubilee year return of familial land, etc.
    I believe the Scriptures clearly preach against the self-avowed Atheist
    economic thinking inherent in Communism and Socialism, and the
    ungodliness it causes.



    Some more links of similar nature:



    http://www.garynorth.com/public/department57.cfm

    "When Christianity adheres to the judicial specifics of the Bible, it produces free market capitalism.

    On the other hand, when Christianity rejects the judicial specifics of the Bible, it produces socialism or some politically run hybrid "middle
    way" between capitalism and socialism, where politicians and
    bureaucrats make the big decisions about how people's wealth will be
    allocated. Economic growth then slows or is reversed. Always.

    Free market capitalism produces long-term economic growth. Socialism and middle-way economic interventionism by the state produce poverty and
    bureaucracy. If your goal is to keep poor people poor, generation after
    generation, you should promote socialism. But be sure to call it economic democracy in order to fool the voters.

    The Bible is an anti-socialist document. Socialist propagandists for over four centuries have claimed that the Bible teaches socialism, but we have yet to see a single Bible
    commentary written by a socialist. If the Bible teaches socialism,
    where is the expository evidence?
    "




    http://www.acton.org/publications/randl/rl_article_442.php

    "The Bible’s teaching on wealth and economics was set in an ancient economic
    system that was quite unlike the system of today. That does not mean
    that the
    Bible has nothing of relevance for today’s economic world, only that we
    must use the Bible carefully when applying its general principles of economic
    life to current times. As many biblical scholars have suggested, a direct application
    of many biblical commands relating to economic life would be impossible today,
    because the system to which those commands were addressed has dramatically changed.
    Rather, we are seeking from Scripture general principles or norms that govern
    economic life and can be applied to different economic arrangements. Of course,
    some commands apply directly, for which the differences between the ancient
    world and today’s society do not affect the application of the text. For
    example, the repeated admonitions of Scripture to take care of the poor remain
    directly applicable, even though the means by which that is done may have changed.
    By contrast, the Old Testament commands the people of God to keep the Sabbatical
    year, in which the land was to lie fallow for one year in seven (Lev. 25:1-7),
    the year of Jubilee, in which on the fiftieth year all land was returned to
    its original owners (Lev. 25:10-17), and the right of redemption, in which property
    had to be returned to an impoverished family member in order to give him or
    her the opportunity to make a living (Lev. 25:47-55). These principles cannot
    be directly applied today, because they were written to a society that revolved
    around subsistence agriculture, not a modern information age economy in which
    very few people are tied to the land to make their living. Rather, we must glean
    a general principle from each of these commands that can be applied to the different
    setting of today.
    "


    The Bible teaches a special kind of 'capitalism' and 'socialism' with a theocratic welfare system (regular tithes for the poor) involving the cancellation of debts and the return of ancestral property at the Jubilee (preventing accumulation of wealth beyond a certain point that would otherwise lead people into financial bondage). There is no system of usury in Yahweh's system thus eliminating our vile banking system (the source of most of our woes). Actually, there is no private property at all in Yahweh's system since the founding assumption is that everything is His and we are but stewards. We are managers of wealth who must give an account. So I think it is a mistake to compare Bible economics with either capitalism OR socialism. Yahweh gives and Yahweh takes away as a benign Dictator. We will never have fairness in money matters until we have a proper theocracy. The blasphemy of the secular socialist system is that the state acts as God and the blasphemy of the secular capitalist system is that the bankers act as God. And both back up their power with guns (police/army/prison system...there is no prison system in the bibical model).

    Well an important point is exactly this: in the wake of a theocracy, what do we do?
    I'd argue the Capitalist and Right wing system to be meaningfully closer to the Scriptural ideal both in the case of theocracy, but more importantly I see it as the only alternative in a Diaspora society unable to establish Doctrinal orthodoxy, not unanimously lead by the Ruach etc

    First of all it is clear Christians must be involved in politics - because we fail at politics, abortions are carried out, millions of men and women are denied the chance to ever live, and of course homeschooling becomes abolished.
    Secondly, Socialism has proven to be absolute in it's slow, and often not-so-slow, war against all religions except itself, and a few ideologies it syncronizes with.

    YHWH ultimately owns everything - in the realm of relative things, private property exists, and socialism in it's less and more advanced forms is dead set against this concept.
    Not to mention that private property ownership must exist also in the diaspora.

    Capitalism cannot kill, as it is only an economic theory. Communism is basically a murderous religion, so if you want, we can compare Christianity and Communism as opposing faiths, but not Capitalism and Communism. Capitalism ALLOWS an empty space for religion, tradition and society to create it's own values. Communism enforces the elitist will of a few atheist leaders, who always ignore the religious majority will.

    Oh I agree, responsible capitalism is the only security for believers until the theocracy though I am not adverse to some principles of socialism in, for example, health care, particularly where unbridled capitalism take place.

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