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How Is Capitalism Supposed to Work?
So we understand God rewards personal initiative and risk. He said that a laborer is worthy of his hire. For Scripture says, “Do not muzzle an ox while it is treading out the grain,” and “The worker deserves his wages.” 1 Timothy … Continue reading
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Lack of Personal Incentive Destroyed in Haiti
As we have previously stated the three pillars of capitalism are Personal Incentive, Property Rights and Freedom as defined by Adam Smith in his book the The Wealth of Nations. Let’s focus on personal incentive. It is the idea that a person should be rewarded for their … Continue reading
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Break Out of the Prison of Poverty
Winston Churchill once said, “Democracy is a bad system of government, except when compared to all the others.” Much the same might be said of capitalism. It is a Biblical economic system, susceptible to greed and other shortcomings when not … Continue reading
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What about Enron?
As we have been stating the Bible teaches the principles of capitalism as a godly economic system but includes the many safeguards we have been teaching here to govern it and keep it from spiraling out of control. The Moravians … Continue reading
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The Basel Mission Trading Company
The Basel Mission Trading Company started as a training school for missionaries called the Basel Evangelsitic Mission Society sending missionaries. One of those missionaries to India was an able and experienced businessman by the name of Gottlob Pfleiderer who made a noticeable … Continue reading
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Communism, Socialism or Capitalism – The Moravian Answer
I do plan to take a more in depth look at these three economic systems and how they were expressed in history and currently around the world, but for now lets take a quick look at what the Moravians found … Continue reading
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Why Do Millennials Think Communism is Cool?
Why do millennials think communism is cool? Millennials are one of history’s luckiest generations. They were born around the end of the Cold War a quarter century ago, when the tyrannical Communism embodied in the Soviet Union came tumbling down, … Continue reading
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Profit for the Lord
Anyone who studies world missions will find one of the most significant missions movement of all time was the Moravians. They were known for a deep spirituality (calling Jesus “the Savior”), praying around the clock and for sending many missionaries … Continue reading
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God Created Us to be Producers
As stated in last week’s blog, James Jerome Hill was one example of someone who produced economic activity that benefited many beside himself. Biblical capitalism is intended to reward personal initiative, encourage personal responsibility, provide for the personal ownership of … Continue reading
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Meet James Jerome Hill
Consider the following example of how capitalism is supposed to work from Rabbi Daniel Lapin’s book, Thou Shalt Prosper: James Jerome Hill was born in log cabin in Ontario, Canada in 1838. His father died while the boy was young, and … Continue reading
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