Home
/
RELIGION & LIBERTY ONLINE
/
Where Capitalism Ends, the Covenant Continues
Where Capitalism Ends, the Covenant Continues
Jan 26, 2026 5:23 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
5 facts about the UK Supreme Court’s Brexit decision
This morning, the UK Supreme Court ruled that Brexit may not go forward unless Parliament votes to authorize withdrawal from the European Union, despite the fact that the motion won a national referendum last year. Here are five facts you need to know about British citizens’ attempt to reassert their sovereignty by leaving the Brussels-based international government body. 1. Brexit passed handily and remains popular in England. Parliament voted in June and December 2015 to allow for a national referendum...
Explainer: What you should know about ‘school choice’
In honor of the seventh annual National School Choice Week, here are some facts you should know about school choice in America. What does “school choice” mean? The term “school choice” refers to programs that give parents the power and opportunity to choose the schools their children attend, whether public, private, parochial, or homeschool. Why is school choice necessary? While there are some excellent public schools in America, many students are trapped in schools with inadequate facilities, substandard curriculum, and...
Explainer: What you should know about the Trans-Pacific Partnership (TPP)
Earlier today, President Trump took action to formally abandon the Trans-Pacific Partnership. Here is what you should know about the agreement and why it matters. What is the Trans-Pacific Partnership? Five years in the making, the Trans-Pacific Partnership (TPP) was a trade agreement between the United States, Australia, Canada, Japan, Malaysia, Mexico, Peru, Vietnam, Chile, Brunei, Singapore, and New Zealand. The twelve countries in the proposed prise roughly 40 percent of global G.D.P. and one-third of world trade. The purpose...
Samuel Gregg on Tocqueville and democracy’s fall in America
Image from Wikimedia ‘Democracy in America’ by Alexis de Tocqueville is a 19th century book that serves as a guide to explain how the American political system has evolved into its current state. In this book, Tocqueville describes what he noticed about American democracy when he traveled through the country in 1831. Acton Institute Director of Research, Samuel Gregg gives insight in a new article at Public Discourseof what Tocqueville noticed about American democracy and how it might be susceptible...
Video: Avik Roy on the end of cultural conservatism as we know it
BillBuckley and Russell Kirk were leaders in buildinga movement of cultural conservatism to counter the dominant strain of liberalism that governed American politics following World War II. Thismovement would eventually lead to the presidency of Ronald Reagan and the end of the Cold War, as well as the riseof Republican congressional leadership in the 1990s and following. But with the fall munism and a changing American society, cultural conservatism finds itself at a crossroads. Avik Roy, president ofThe Foundation for...
Turkey imprisons American pastor for ‘terrorism’
A pastor and North Carolina native is being held in Turkey on unsubstantiated charges of terrorism related activity. After more than 20 years of serving as an evangelical missionary in Turkey, Andrew Brunson, 48, thought he was being summoned to receive a long-awaited permanent residence card. Instead, Brunson was notified that he was being deported based on being a “threat to national security.” He was held for 63 days while being denied access to an attorney—and even denied access to...
Video: Rev. Sirico on religion and the inauguration of President Trump
Acton Institute President Rev. Robert A. Sirico joined host Neal Cavuto this morning on Fox News Channel’sCost of Freedom to mentary on the national prayer service held today at the Washington National Cathedral as part of the activities surrounding the inauguration of President Donald Trump, and to examine the role the civil religion has played throughout American history. You can view the interview below. ...
How information and incentives solve economic problems
Note: This is post #18 in a weekly video series on basic microeconomics. To solve economic problems we need to solve information and incentive problems. In this video, Alex Tabarrok looks at how Nobel Prize-winner Friedrich Hayek described the price system and its approach to solving the information problem. In this video, we take a look at how Nobel Prize-winner Friedrich Hayek described the price system and its approach to solving the information problem. (If you find the pace of...
How to pray for President Trump
At noon today, Donald J. Trump was sworn in as the 45th President of the United States. Whether you supported or opposed him, as Christians we have a specific duty to our new president: to pray for him. The Apostle Paul urges us to make “petitions, prayers, intercession and thanksgiving” for “for kings and all those in authority, that we may live peaceful and quiet lives in all godliness and holiness” (1 Timothy 2:1). When we fail to pray for...
Audio & Video: Sirico & Bonicelli on the Trump Administration
As the Trump Administration begins its work this week, the media continues to call on the Acton Institute for analysis mentary, both in the US and abroad. Internationally, Acton Director of Programs and Education Paul Bonicelli joined hostAlex Jensen ontbs eFM 101.3’s “This Morning” program in Seoul, South Koreaon January 22ndto discuss the economic challenges facing the ing administration, and the likelihood of potential trade conflicts between the United States and other nations down the road based on the protectionist...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved