Home
/
RELIGION & LIBERTY ONLINE
/
Where Capitalism Ends, the Covenant Continues
Where Capitalism Ends, the Covenant Continues
Jan 13, 2026 6:15 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
New Mexico Wisely Breaks With Bad California Tax Policies
The best show on TV over the past five years has, in my not-so-humble-opinion, been AMC’s Breaking Bad. This is one over-hyped show that lives up to all of it (and more). While the on-air sage of Walter White concludes this summer, Breaking Bad‘s pop-culture legacy may take a back-seat to it’s legislative and fiscal ones. From The Hollywood Reporter: New Mexico Gov. Susana Martinez signed into law Thursday the state’s “Breaking Bad” bill, which will increase subsidies on film...
10 memorable Thatcher quotes on economics and freedom
1. “Pennies don’t fall from heaven, they have to be earned here on earth.” (Speech at Lord Mayor’s Banquet, 11/12/79) 2. “If a Tory does not believe that private property is one of the main bulwarks of individual freedom, then he had better e a socialist and have done with it.” (Article for Daily Telegraph, “My Kind of Tory Party,” 01/30/1975) 3. “I came to office with one deliberate intent: to change Britain from a dependent to a self-reliant society...
9 Things You Should Know About Margaret Thatcher
Lady Margaret Thatcher has passed away from an apparent stroke at the age of 87. Here are nine things you should know about the former British Prime Minister. 1. Thatcher was not only the first—and only—woman to e British prime minister, she was the first to win three elections in a row. When she retired as a Prime Minister she was given the title of Baroness and joined the House of Lords. 2. Thatcher graduated from Oxford University in 1947...
Video: John Blundell on Thatcher
On October 5, 2011, Acton ed John Blundell, Distinguished Senior Fellow at the Institute of Economic Affairs, to deliver a lecture as part of the 2011 Acton Lecture Series. His address was entitled “Lessons from Margaret Thatcher,” and provided insight into the Iron Lady from a man who had known Thatcher well before she became the Prime Minister of Great Britain. You can watch his lecture below. ...
What’s Wrong With Politics? – Lady Margaret Thatcher
In 1968, Margaret Thatcher, then a member of the Shadow Cabinet as a junior minister of Great Britain, gave a speech entitled, What’s Wrong With Politics? Despite that fact that the speech is now 45 years old, it is as relevant today as then – in some unfortunate ways. Here are some excerpts. [T]he extensive and all-pervading development of the welfare state is paratively new, not only here but in other countries as well. You will recollect that one of...
Video: John O’Sullivan on Margaret Thatcher
As has been mentioned today on the PowerBlog, Margaret Thatcher was a recipient of Acton’s Faith and Freedom Award in 2011. Due to her declining health, she was unable to accept the award in person. Accepting the award in her place was John O’Sullivan, the Executive Editor of Radio Free Europe/Radio Libertyand former senior aide in the Thatcher government. ments of O’Sullivan on Margaret Thatcher, her government and her character are below. ...
Margaret Thatcher and the Freedom Offensive
Margaret Thatcher (1925-2013) provided the West with many morally courageous moments. The moniker, “The Iron Lady” was bestowed upon her by the Soviet Army newspaper Red Star in 1976 because of her piercing denouncement munism. Thatcher, of course, adored the unofficial title. She toasted President Ronald Reagan after his then controversial Westminster speech in 1982, declaring, “We are so grateful to you for putting freedom on the offensive.” It is often forgotten today that 195 of the 225 Labour MP’s...
Texas: Big, Hot, Cheap and Right in the New York Times!
Brian Burrough has a mostly enjoyable New York Times review of a book that’s mostly positive about my native state’s mostly small-government formula for economic growth. Some excerpts: Ms. Grieder, a onetime correspondent for The Economist who now works at Texas Monthly, and a Texan herself, has written a smart little book that … explains why the Texas economy is thriving. It’s called “Big, Hot, Cheap and Right: What America Can Learn from the Strange Genius of Texas”…. What might...
Video: Thatcher on Socialism
More interesting archival video and quotes here, including: “No one would have remembered the Good Samaritan if he’d only had good intentions. He had money as well” — Television interview, 1980. ...
New Abraham Kuyper Volume: ‘Rooted and Grounded’
Christian’s Library Press has released Rooted & Grounded by Abraham Kuyper. This short volume includes first-ever translated sermons by Kuyper showing his passion to the church. While he’s well known forhis writings on theology mon grace, this book demonstrates Kuyper’s enthusiasm for the church as well.In his seminal sermon, included in this volume, Kuyper outlines the basic distinction and connection between his conception of the church as institution and the church as organism, a view which became formative for neo-Calvinist...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved