Home
/
RELIGION & LIBERTY ONLINE
/
Where Capitalism Ends, the Covenant Continues
Where Capitalism Ends, the Covenant Continues
Jan 14, 2026 8:03 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
Guns, the right to life, and international moral consensus
In this week’s Acton Commentary, I explore the differing mainstream cultural views of gun rights and abortion in the United States and Europe. The point of departure is last month’s Supreme Court decision in DC v. Heller (07-290) striking down the District’s handgun ban (SCOTUSblog round-up on the decision here). In “Guns, Foreign Courts, and the Moral Consensus of the International Community,” I write that the “tendency to invoke foreign jurisprudence is ing more troubling as it es clearer that...
Right Online Austin: Samsphere Session
The Sam Adams Alliance hosted a session titled “Samsphere” here in Austin, Texas at the Defending the American Dream conference. After a brief biography of American Founder Samuel Adams, discussions turned to improving networking and message organization for individuals and mitted to freedom and political liberty. In a nutshell, the purpose of Samsphere is to network pre-existing bloggers together into single or shared networks. The Sam Adams Alliance also spent much of their discussion focusing on the importance of strengthening...
Virtue and positive law
In the July/August issue of Touchstone, which features a cover story by Acton research director Sam Gregg, “The European Disunion,” a bit of wisdom is passed along to us by senior editor Anthony Esolen in the magazine’s section, Quodlibet: If you have a virtuous people, you don’t need quite so many laws, and the laws you do pass will have a lot less to do with restraint than with man’s creative participation in God’s governance of the world. This statement...
Religion and Liberty: Theology at Work
The Winter issue of Religion & Liberty is now available online. The interview with David W. Miller is titled, “Theology at Work: Faithful Living in the Marketplace.” Miller is the executive director of the Yale Center for Faith and Culture at Yale Divinity School, and co-founder and president of the Avodah Institute. Miller brings an unusual “bilingual” perspective to the academic world, having also spent sixteen years in senior executive positions in international business and finance. Miller’s book, God at...
Right Online Austin: Politics and Christianity
By almost any measure, the first Right Online conference, as part of the Defending the American Dream summit in Austin, TX, has to be judged a success. The organizers of the event weren’t sure quite what to expect. How many bloggers and new media folks would attend? On the first day the summit organizers had to rely on special support given by the hotel because initially there were not enough lunches available…there were so many more people in attendance than...
Right Online Austin: Global warming
While former Vice President Al Gore mesmerized activists at Netroots Nation this morning with a surprise visit to Austin, Texas, a different kind of conversation about global warming was taking place at the Right Online conference in the same city. The intensity and energy during the global warming session was by far the most passionate of any of the sessions I have attended here. It seems some conservative activists may be undecided about all the scientific data concerning global warming,...
CRC Sea to Sea tour week 3
The third week of the CRC’s Sea to Sea bike tour has pleted. The third leg of the journey took the bikers from Boise to Salt Lake City, a total distance of 444 miles. The “Shifting Gears” devotional focuses especially on the theme of discipleship, of following Jesus in this third week. One way in which we follow Jesus is in munity of disciples. And as the day 16 devotional reads, “You can share everything and take turns doing the...
Expanding energy exploration
Skyrocketing energy costs have, among other effects, led to interesting political maneuvering. Specifically, the question of expanding of domestic energy resources (e.g., offshore drilling) has e live for this first time in decades. For that to happen in the current Congress, of course, requires that there be at least a certain measure of bipartisan consensus. As Michael Franc explains on NRO today, there have indeed been a few Democratic defections to the pro-drilling side. These Democrats are caught between the...
Right Online Austin: Robert Novak
The keynote speaker for the Right Online conference tonight was conservative columnist and mentator Robert Novak. Talking about his latest book Prince of Darkness: 50 Years Reporting in Washington, Novak declared that if you want to know why they call him the Prince of Darkness in Washington it’s because he supports limited government, low taxes, and freedom in the economic sphere, and that’s “enough to make you the Prince of Darkness in Washington.” Novak called Democratic presidential nominee Barack Obama...
Right Online Austin: Old and new media
An excellent talk by from the Media Research Center, “Understanding and Critiquing Old Media,” opened today’s afternoon session at Austin’s Right Online summit. The speakers clarified some basics about journalism, such as the fact that typically reporters don’t write their own headlines (copy editors do) or that there is an unofficial reporter’s code of ethics from the Society of Professional Journalists. A good deal of the talk revolved around consistent forms of bias found in the media, most of which...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved