Work, Freedom, Rights, and Ethical Boundaries:
Essential Elements of a Fair and Just Free Market
The Bible contains many endorsements of free enterprise, including verses in the Gospels and Proverbs.
— “Free enterprise and the Bible,” a short but insightful article at conservapedia.com —
Capitalism is not economic anarchy. It recognizes several necessary conditions for the kinds of voluntary relationships it recommends. One of these presuppositions is the existence of inherent human rights, such as the right to make decisions, the right to be free, the right to hold property, and the right to exchange what one owns for something else. Capitalism also presupposes a system of morality. Capitalism should be thought of as a system of voluntary relationships within a framework of laws which protect peoples’ rights against force, fraud, theft, and violations of contracts.
— Ronald Nash —
Key points: Not only was Jesus not a socialist, He actually assumed and affirmed the principles of capitalism and free enterprise — not always overtly, but nevertheless unmistakably. King Solomon, the apostles Paul and Peter, and the early church did as well — and modern-day Christians and the church in the 21st century need desperately to understand this. The free market is a biblical approach to economic policy, and socialism is anti-biblical — even blatantly so.
All of the articles in this series are accessible from this page.
In parts 1, 2, and 3 we examined eight passages of Scripture that are supportive of the free market economic model and that push back against socialism. As we come now to consider the remaining four of the twelve verses or sets of verses we’re highlighting in this series, I encourage you to keep in mind the principle we emphasized in part 1:
The core difference between socialism and free enterprise is found in the former’s denial versus the latter’s affirmation of private property rights. Socialism cannot exist in a society that recognizes and affirms private property rights — the rights to own and control finances and other tangible assets. Conversely, a free market economy cannot exist among a people who reject and deny property rights.
You show me a person who thinks supporters of private property right are selfish, and I’ll show you a socialist, an enemy of freedom, and a tyrant or a friend of tyranny (even if he or she doesn’t realize it).
You show me a person who thinks supporters of private property right are selfish, and I’ll show you a socialist, an enemy of freedom, and a tyrant or a friend of tyranny.
Our ninth Bible passage, Proverbs 10:4-5, affirms that…
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Copyright © 2023 by B. Nathaniel Sullivan. All rights reserved.
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Unless otherwise indicated, Scripture has been taken from the New King James Version®. Copyright © 1982 by Thomas Nelson, Inc. Used by permission. All rights reserved.
Scripture quotations designated NIV are from The Holy Bible, New International Version®, NIV® Copyright © 1973, 1978, 1984, 2011 by Biblica, Inc.® Used by permission. All rights reserved worldwide.
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