Home
/
RELIGION & LIBERTY ONLINE
/
Where Capitalism Ends, the Covenant Continues
Where Capitalism Ends, the Covenant Continues
Sep 30, 2024 2:24 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
Those progressive conservatives
Very often in political discourse, the labels liberal/progressive are juxtaposed with conservative/traditional (or variants thereof). But there are numerous instances where these terms e misleading, not only due to various connotations associated with them, but because the denotation of each word may not adequately describe the position on either side. Take the educational choice movement, for example. To the extent that this multifaceted phenomenon can be called a unified “movement,” its defining characteristic might well be identified as the upsetting...
When to make law
A good question and discussion over at WorldMagBlog: “Should everything that’s immoral be illegal, regulated, or punished? If so, by which kind of government (include family and church as kinds of governments)? Can you give an example of a behavior that’s immoral but shouldn’t be regulated by the state?” My answer: Here’s what Aquinas has to say on this (in part), and I think it has a lot of merit in determining when and in what situations conduct should be...
WARC wackiness
Contained in this year’s Christian Reformed Church 2005 Agenda for Synod, which will be held June 11-18, is a report from the World Alliance of Reformed Churches recent General Council in Accra, Ghana (pp. 257-63). The agenda states, “A reading of this document will make it clear that, while all participants appreciated mon Christian concern regarding issues of poverty and the oppressive structures that contribute to it, not all delegates fortable with either the decision-making process or the ideological positions...
Fear of the European Union
With France voting NO for the ratification of the EU Constitution, a spotlight now follows the current voting on the same issue in the Netherlands. The world is expecting the Dutch to follow suit with the French, although not necessarily for all the same reasons. The constitution of the EU grants more power to the developing centralized EU government in Brussels. Many fear that this will lead to a diminishing role of their own “state” governments and in turn cause...
A death dealing global economy?
The approaching G8 summit in Scotland has led the World Council of Churches to renew its call for a debt-free world. That is, debt-free if you are one of those developing nations that have been victimized by “increasingly unconscionable levels of inequity,” according to Rev. Dr. Samuel Kobia, general secretary. There is nothing in Rev. Kobia’s letter to British Prime Minister Tony Blair that is new — the WCC has been lobbying for debt cancellation for years. And it is...
Prayer for the nation
Lord God Almighty, you have made all the peoples of the earth for your glory, to serve you in freedom and in peace: Give to the people of our country a zeal for justice and the strength of forbearance, that we may use our liberty in accordance with your gracious will; through Jesus Christ our Lord, who lives and reigns with you and the Holy Spirit, one God, for ever and ever. Amen. –U.S. Book of Common Prayer, “For the...
The battle of ideas
The Road to Serfdom, by F. A. Hayek This OpinionJournal article, “Investing in the Right Ideas,” by James Piereson, surveys a brief history of philanthropy in the 20th century. Piereson describes three phases of conservative philanthropy, initiated by F. A. Hayek in the 40’s and 50’s. He writes, “The seminal influence on these funders was F.A. Hayek’s ‘The Road to Serfdom,’ published in London in 1944 and in the U.S. the following year. This slender volume, an articulate call to...
The blog renaissance
C.S. Lewis identifies the development of “the machine” as the most drastic change in both technology and philosophy in all of history (he pinpoints the machine age as generally beginning around the time of the Industrial Revolution). While Lewis’ context is directed more towards a realistic understanding of the interval of time separating the “dark ages” and the Renaissance, the continued developments in technology in the last century, and in particular the last five years, have led us out of...
Europe’s statist nightmare — beginning of the end?
Voters in France have rejected the EU constitution, with the Dutch expected to follow suit today. The arrogance and centralizing tendencies of the European political class may finally have hit a roadblock. “The clearest lesson of the failed referendum is that Europe’s governing elite has suffered a tremendous defeat, a symptom of its growing democratic deficit,” writes Kishore Jayabalan, director of Acton’s Rome office. Read the full text here. ...
Grocery store wars
Cuke Skywalker vs. Darth Tater The popularity of the Star Wars franchise (and Episode III Revenge of the Sith) has been fertile ground (pun intended) for various political satire mentary. For a mildly entertaining take on Star Wars from the Organic Trade Association, attacking “the dark side of the farm…more chemical than vegetable, twisted and evil,” visit “Grocery Store Wars.” Check out the Acton Institute’s Environmental Newsletter on Genetically Modified Foods. ...
Related Classification
Copyright 2023-2024 - www.mreligion.com All Rights Reserved