Home
/
RELIGION & LIBERTY ONLINE
/
Where Capitalism Ends, the Covenant Continues
Where Capitalism Ends, the Covenant Continues
Jan 18, 2026 4:48 AM

As we reap the benefits of market exchange and observe the many achievements of free trade and globalization, it’s easy to give credit to the market itself, either ignoring or forgetting the munities, and institutions who actively leveragedit for mon good.

Capitalism is, after all, a mereframework for human engagement. Although the constraints it imposes (“thou shalt not steal”) and the features it elevates (ownership, stewardship, risk, and sacrifice) may fit well within a broaderChristian context, it says more about what we can and can’t do than what we might or might not imagine or plish.

As Michael Bull recently explained, through capitalism’s continuous process of value creation, it is in many ways similar to a “biblical covenant structure”:

Good businessmen understand how it works. It invariably necessitates the risk and sacrifice of what we now possess for a greater reward. Steve Jobs told us that, and demonstrated it again and again. It takes money to make money. This requires faith in the one who made the promise, even though business people do not recognize the source of the abundance is the hand of God.

Yet, of course, it is different:

God calls Man to work, which involves risk (faith), a sacrifice and some obedience to laws (which include natural and business laws), which will bring fulfillment of the promise — a greater abundance than what you sacrificed. That is where capitalism ends, but it is not where Covenant ends, and here is the problem for which socialism is tendered as a solution.

For the Christian, then, capitalism provides a simple baseline from which we can launch, holding the potential to lead us toward a broader, deeper network through which we can more freely and fullyobey the callings of the Holy Spirit in our lives as we proclaim good news to the poor. In allowing for this free-flow of individual callings, we are given opportunities and choices that many other systems would assume on our behalf.

As Bull continues:

The final step of Covenant is that you, the risk taker, e a shelter, a house, for the helpless. The final step is generosity. Capitalism only works in a moral society. This is why we can correspond the shape of good economics to the shape of the Gospel. Jesus gave His life to give abundant life to us all. He believed in the promise made to Him by the Father, the promise of resurrection—a new body. Poverty was not something to be embraced eternally. Christian socialists forget that Jesus now owns everything. All the great saints were rich people who risked their wealth for even greater wealth, a wealth that included a legacy of other people—a household. The “glory that was set before Him” was also the glory of the Church, a new body that includes every believer. Jesus Himself is our covering. We are only saved because of His atonement, His “covering.” He, the king of kings, the great Land Lord, is our shelter.

This is what it means to be On Call in Culture — to “correspond the shape of good economics to the shape of the Gospel,” infusing every act across every sphere of culture with the good news of grace and mercy, the power of the Holy Spirit, and the divine generosity of He who first loved us.

Our participation in economic life should never stop at some earthly metric of productivity and stewardship. Where capitalism ends, the covenant continues.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Did the unemployed give Trump his new job?
When you hear reports on the unemployment rate it’s usually a single number. For example, in October that number was 4.9 percent. But that single number is the national average, and can conceal a wide range at the state and local level. For instance, in September South Dakota and New Hampshire had the lowest rates in the country—2.9 percent—while six states (Nevada, Mississippi, West Virginia, Louisiana, New Mexico, and Alaska) all had rates that were twice that number. Not surprisingly,...
Graft and bribery are big government’s byproducts: EU studies
The nation of Spain is prosecuting 37 people – including former officials in the ruling center-Right party – for steering government contracts to their politically connected friends. It will not help the defensethat thesuspects gave themselves audacious, Godfather-inspired nicknames like Don Vito and “The Little Meatball.” While a disturbing example in itself, a series of studies show that corruption is ing a growing threat in the EU – and the larger the government, the greater the level of perfidy. The...
Does Acts 2-5 teach socialism?
“The early church was socialist.” Talk about economics and the church and you’ll eventually hear a Christian make that claim. The idea that the early chapters of the Acts of the Apostles supports the idea that Christians should be socialists is an oft-repeated as if it were both obvious and true. But is it? Art Lindsley explains why those passages do not pertain to socialism: Does Acts 2-5 mand socialism? A quick reading of these four chapters might make it...
Pope Francis to entrepreneurs: Do good, despite what culture says
Rather than speaking about the risk of not doing, avoiding or failing at something in order to succeed, the pope coaxed the business executives to consider risking doing something positive for mon good – as if to encourage them to live out their faith proactively, through bold intentional free choices, despite the strong countercurrents of a materialistic, godless and self-serving secular society. Read More… Yesterday, Pope Francis hosted a private audience in his Apostolic Palace for a few hundred international...
Thomas Sowell on poverty, politics, and the origins of prosperity
“The mundane progress driven by ordinary economic and social processes in a free society es dramatic only when its track record is viewed in retrospect over a span of years.” –Thomas Sowell In a recent edition of mon Knowledge, economist Thomas Sowell discusses his latest book, Wealth, Poverty, and Politics, which provides prehensive argument for the origins of prosperity. “There’s no explanation needed for poverty. The species began in poverty,” Sowell says. “So what you really need to know is...
Washington showdown looms over Ex-Im Bank and cronyism
Sen. Lindsey Graham, Republican from South Carolina, wants to change the rules of one of the biggest crony capitalist organizations in Washington. He wants to make it easier for the Export Import Bank to dish out large amounts of corporate welfare panies such as Boeing, which already brings in revenues upward of $95 billion per year. USA Today reported in a recent article that “Graham, as chairman of the Senate Appropriations mittee that funds foreign operations, has added a provision...
What are ‘transatlantic’ values?
President Barack Obama and German Chancellor Angela MerkelPresident Barack Obama and German Chancellor Angela Merkel held their last joint press conference as heads of state on Thursday, pressing national leaders – in President Obama’s words – “not to take for granted the importance of the transatlantic alliance.” And they grounded that longstanding partnership on their conception of the bedrock principles that they believe unite North America and the EU. mitment of the United States to Europe is enduring and it’s...
Garnett on the future of religious liberty
What is the future of religious liberty?Religious Freedom Restoration Act (RFRA) type laws, says Richard Garnett, a law professor at the University of Notre Dame. In any society where there is (a) religious and moral diversity and (b) an active, regulatory welfare state, there will — necessarily — be conflicts and tensions between (i) duly enacted, majority-supported, generally applicable laws and (ii) some citizens’ religious beliefs and exercise. What Justice Jackson called “the uniformity of the graveyard” is not an...
Video: Daniel Garza on Latinos, the freedom agenda, and the 2016 elections
According to mon political narrative prior to the 2016 elections, progressivism has been ascendent and conservatism has been on an inevitable decline in America in significant part due to demographic changes. Among those changes is the growth of the Latino population, which is assumed to be a natural constituency for progressive politics. In the wake of the election, this may be one among many narratives that need to be re-thought. Evangelicals are one of the fastest growing segments in munities,...
How to keep cool over politics this Thanksgiving
Today at Mere Orthodoxy, I have an essay building on some of myrecentposts here exploring a healthy Christian response to plex results (other than “Trump won; Clinton lost”) of the 2016 presidential election. In particular, I focus on how to be true to the exhortation of St. Paul: “Rejoice with those who rejoice, and weep with those who weep” (Romans 12:15). I write, Writing to early Christians in Rome, St. Paul the Apostle offered a succinct summary of the Christian...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved