Home
/
RELIGION & LIBERTY ONLINE
/
Where Capitalism Ends, the Covenant Continues
Where Capitalism Ends, the Covenant Continues
Jan 12, 2026 11:16 PM

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
Is Knowledge Of Religion Important To Culture?
We Americans are rather ignorant about religion. We claim to be a religious folk, but when es to hard-core knowledge, we don’t do well. The Pew Forum put together a baseline quiz of religious knowledge – a mere 32 multiple choice questions – and on average, Americans only got about half of them right. A few sample questions (without the multiple choice answers): Which Bible figure is most closely associated with leading the exodus from Egypt?What is Ramadan?In which religion...
The Love Of A Father And The Economy Of Family
255 Triathlons (6 Ironman distances, 7 Half Ironman), 22 Duathlons, 72 Marathons (32 Boston Marathons), 8 18.6 Milers, 97 Half Marathons, 1 20K, 37 10 Milers: That’s a lot of miles. A lot of training. A lot of numbers. It’s an economy of sorts for athletic achievement. These are some of the stats for Team Hoyt, the father-son team of Dick and Rick Hoyt who have raced together for 37 years. Rick was born with cerebral palsy in 1962, and...
Art at Acton: ‘Perpetual Order’ and the Struggle for Permanence
Yesterday, I had the honor of contributing to a panel discussion on the art of Margaret Vega here at the Acton Institute. Her exhibition is titled, “Angels, Dinergy, and Our Relationship with Perpetual Order.” Some fuller coverage may be ing on the PowerBlog, but in the meantime I have posted the text of my presentation, “Death and the Struggle for Permanence” at Everyday Asceticism. Excerpt: Angels … represent hope amid the human struggle for permanence in a life so characterized...
Sisters of St. Francis’ Unholy Agenda
Religious shareholder activism continues its war on affordable, domestically produced energy in a campaign that can only be described as unholy. The first casualties of this war are the nation’s 10.5 million job seekers, the millions more who have quit looking for work, and the poor. The 2014 proxy resolution season finds the Sisters of St. Francis of Philadelphia joining other shareholders to force a May 2014 vote at Chevron Corp., which would require pany to report hydraulic fracturing (aka...
Does Religion Do Us Any Good, Even If We’re Not Religious?
Is there any societal reason to protect religion? That is, do we get anything out of religion, as a society, even if we’re not religious, and is that “anything” worth protecting? Mark Movsesian thinks so. In First Things, Movsesian says religion does do good for a society – a good that is worthy of protection. Religion, munal religion, provides important benefits for everyone in the liberal state—even the non-religious. Religion encourages people to associate with and feel responsible for others,...
Burke vs. Paine on Choice, Obligation, and Social Order
I recently read Yuval Levin’s new book, The Great Debate: Edmund Burke, Thomas Paine, and the Birth of Right and Left, and found it remarkably rich and rewarding. Though the entire book is worthy of discussion, his chapter on choice vs. obligation is particularly helpful in illuminating one of the more elusive tensions in our social thought and action. In the chapter, Levin provides a helpful summary of how the two men differed in their beliefs about social obligation and...
The Glory of God and the Goal of Good Laws
“The goal of all good laws is first and foremost the glory of God, then the good of one’s neighbor, privately and, most important, publicly.” –Girolamo Zanchi The following es from Thesis 3 (above) of Girolamo Zanchi’s newly translated On the Law in General.Though the work passes a range of topics, from natural law to human laws to divine laws, this particular es in his first foundational chapter on what the law actually is—its goals, classifications, and functions. If the...
Why Resegregation Happens—And How School Choice Can Fix It
With its decision in Brown vs. Board of Education, the Supreme Court ended systemic racial segregation in public education. Now, sixty years later, courts have released hundreds of school districts from enforced integration—with the result being an increase in “resegregation” of public schools. Numerous media outlets have recently picked up on a story by the investigative journalism nonprofit ProPublica about schools in Tuscaloosa, Alabama. According to the report: In recent years, a new term, apartheid schools—meaning schools whose white population...
A Brief Theology of Trees
In conjunction with Arbor Day — a day dedicated annually to public tree-planting in the U.S. and other countries — Ashley Evaro offers a brief theological reflection on the role of trees in the story of our salvation: Christians should care about National Arbor Day (to those who don’t know, that is today). Even if you are not a devoted celebrator of trees, it is worth your time to stop and consider what wonderful things trees are. Not only are...
Live from Rome: Faith, State, and the Economy: Perspectives from East and West
Watch our new conference series live from Rome on April 29 at 10:00 a.m. EST. The embedded player below will display our conference stream when it es available. You can also visit the event on our Livestream page in order to see more information and to ask questions during the event. ...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved