Home
/
RELIGION & LIBERTY ONLINE
/
Where Capitalism Ends, the Covenant Continues
Where Capitalism Ends, the Covenant Continues
Jan 28, 2026 4:34 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
Acton Line podcast special report: Churches and ministries at the front line of the opioid crisis
In 2017, a poll from NPR and Ipsos found that one in every three people in the U.S. has been affected by the opioid crisis in one way or another. One third of Americans know someone who has overdosed or know someone who is battling addiction — and the crisis hasn’t slowed down. On this episode, AnneMarie Schieber, award winning television news anchor and reporter based in Grand Rapids, MI, dives into the issue and explores how the private sector...
Joe Biden: Youth idol?
Today at Spectator USA I write about Joe Biden’s forgotten status as a fount of youthful genius in “Joe Biden: victim of the cult of youth.” Biden won his first Senate election at the 29, the same age as Alexandria Ocasio-Cortez, and spent the next two decades being extolled for his age and sophistication – before spending the last decade ridiculed for his age and mediocrity. Biden’s fate is a cautionary tale about a culture that exalts youth and passion...
Creativity, history, and entrepreneurship
Joseph Sunde recently posted a substantive introduction to and elaboration of a paper I co-authored with Victor Claar, “Creativity, innovation, and the historicity of entrepreneurship,” in the Journal of Entrepreneurship & Public Policy. The idea for this paper arose out of reflection on a previous article I wrote with Victor, “The Soul of the Entrepeneur: A Christian Anthropology of Creativity, Innovation, and Liberty,” in the Journal of Ethics & Entrepreneurship. In that earlier piece, we discussed the “creativity” and “innovation,”...
The intangibles of progress: Has the economy actually improved since 1973?
In assessing the health of our economy, many have been quick to proclaim the worst, whether pointing to flatlining wages or a supposedly static quality of life. Economic progress has halted, they say; thus, something must be terribly amiss with modern-day capitalism. “If you were born in 1973, the median wage went from $17 to $19 an hour in your lifetime,” wrote Sen. Bernie Sanders in a recent tweet. “…The top 1%’s annual e tripled: $480K to $1.45 million. That’s...
‘Belief in Genesis 1:27’ is ‘incompatible with human dignity’: Court
Human dignity, the defining value of the West, grows out of the Judeo-Christian belief that the human race was created in the image of God. However, a British court has officially pronounced this truth, revealed in the opening chapter of the Bible, patible with human dignity.” The case involved Dr. David Mackereth, who worked as a disability assessor for the Department for Work and Pensions (DWP). During an early evaluation meeting, a manager asked the 56-year-old Christian whether he would...
Rule of law crumbles — again — in Latin America
It’s no secret that most of Latin America has struggled for a long time with the idea, habits, and practices of rule of law. When one consults rankings such as the Heritage Foundation’s Index of Economic Freedom (which measures for rule of law), it’s a depressing picture, despite notable exceptions like Chile. There are many reasons for this. Among others, they include a deep long-standing distrust of formal institutions which pervades many Latin American societies as well as the fact...
What Margaret Thatcher’s rabbi taught about work, welfare, and labor unions
Margaret Thatcher transformed the UK’s stagnant economy with a program of privatization and paring back the welfare state. This won her a savage attack from the Church of England – and a defense from the chief rabbi, who emphasized the religious and moral value of work and responsibility. Thatcher came to office 40 years ago this May. Despite the rebounding economy, Thatcher’s Conservative Party faced the same critique that Frédéric Bastiat detailed in The Law: “Socialism, like the ancient ideas...
Video: Robert Doar on poverty in America
In July of this year, Robert Doar officially took the reins as President of the American Enterprise Institute, succeeding friend of Acton Arthur C. Brooks in that role. Yesterday, we were pleased to e Doar to deliver an address on poverty in America as part of the 2019 Acton Lecture Series. Doar reviewed the history of welfare reform during and after the Clinton Administration, discussed what works and what doesn’t when trying to help those in poverty to rise toward...
How to make a bad argument about wealth and poverty
When es to the morality of wealth and economics, bad arguments are so pervasive that no one needs to teach people how to make them. Yet sometimes it’s useful to examine logical errors in order to avoid making them in the future. One example occurred in today’s issue of The Observer, the student-run newspaper of the University of Notre Dame. The author, Mary Szromba, clearly felt passionate about her argument that “you cannot call yourself a Christian if you are...
NBA abandons Hong Kong for Communist rule
In this week’s Acton Commentary I discuss the raging controversy between the National Basketball Association, Houston Rockets general manager Daryl Morey, and China. Morey’s since deleted tweet expressing solidarity for the protest movement in Hong Kong led to criticism from the the Chinese regime, Chinese firms which sponsor the NBA, and NBA team owners. This led the NBA to distance itself from Morey and his views: The NBA is now reaping the whirlwind of its failure to heed this warning...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved