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Some necessary philosophies to strengthen good capitalism

“History suggests that capitalism is a necessary condition for political freedom” — Milton Friedman, American economist.

Although capitalism of late has been intentionally getting a bad rap, it is really a neutral economic system that can be used for good or evil. Forces within America’s capitalist system are trying to sabotage it from within to turn us against capitalism altogether in order to push for overreaching regulations and to draw us toward more socialism that will strip us of freedoms.  However, when we look at the Bible we can see that God favored free markets. He also understood that regulations to a certain point were good for guiding free markets because people, all of whom have a sinful nature, can be self-serving if left without certain checks and balances. Here are some things I came across that I found refreshing and they’re principles and warnings based on love for God and our fellow man:

But thou shalt have a perfect and just weight, a perfect and just measure shalt thou have: that thy days may be lengthened in the land which the Lord thy God giveth thee. Deuteronomy 25:15

God knew we could be greedy, so he commanded to keep everything at a fair price.

And when ye reap the harvest of your land, thou shalt not wholly reap the corners of thy field, neither shalt thou gather the gleanings of thy harvest. And thou shalt not glean thy vineyard, neither shalt thou gather every grape of thy vineyard; thou shalt leave them for the poor and stranger: I am the Lord your God. Leviticus 19:9-10

We are blessed to be a blessing to the less fortunate. But notice how in providing for the poor and stranger, there was a requirement for those less fortunate to work for what was provided. They had to go out in the fields to gather what was left for them.

But thou shalt remember the Lord thy God: for it is he that giveth thee power to get wealth… Deuteronomy 8:18

Although we should be glad we have the knowledge, education, & skills to acquire riches, it wouldn’t be possible if God didn’t open up doors & windows of opportunity for us, so we should give him glory & thanks.

Wealth gotten by vanity shall be diminished: but he that gathereth by labour shall increase. Proverbs 13:11

Hard work is what really brings true rewards.

It is naught, it is naught, saith the buyer: but when he is gone his way, then he boasteth. Proverbs 20:14

There will be people in the market who will talk you down on your price by making it seem your product isn’t worth it, then they brag about getting a steal once the deal is done.

Bread of deceit is sweet to a man; but afterwards his mouth shall be filled with gravel. Proverbs 20:17

Deceiving people to fill one’s belly won’t be good for the deceiver in the long run.

He that oppresseth the poor to increase his riches, and he that giveth to the rich, shall surely come to want. Proverbs 22:16

He that by usury and unjust gain increaseth his substance, he shall gather it for him that will pity the poor. Proverbs 28:8

Neither did we eat any man’s bread for nought; but wrought with labour and travail night and day, that we might not be chargeable to any of you: …For even when we were with you, this we commanded you, that if any would not work, neither should he eat. 2 Thessalonians 3:8, 10

Paul wasn’t into handouts and held down jobs when he visited churches. He required anyone wanting assistance from the church to work for it.

Let him that stole steal no more: but rather let him labour, working with his hands the thing which is good, that he may have to give to him that needeth. Ephesians 4:28

Free markets can only be truly free when ideas like these are applied to the markets. Of course, since mankind is fallible we will never reach a utopian state in this present world, but it’s nice to keep ideas like these in mind.

Harry A. Gaylord

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