The Biblical Roots of Capitalism

Aug. 25 2020

From both the left and the right, the American public conversation has seen growing criticism of capitalism, sometimes based on an appeal to religion. Most recently, anti-capitalists have contended that the coronavirus pandemic has exposed the failures of the free market. Charles Mizrahi argues that such claims are rooted in a misreading of key biblical sources as well as the American political tradition:

Dating all the way back to Abraham, wealth and prosperity were signs of blessings from God. That theme continued throughout the Bible with Isaac, Jacob, and Solomon all achieving wealth that was considered a clear indicator of divine favor. As Deuteronomy 8:18 says, “Remember that it is the Lord your God who gives you the power to get wealth, in fulfillment of the covenant that He made on oath with your fathers, as is still the case.”

But that wealth was not meant to be hoarded or to be used only for self-gratification and advancement. There was an expectation from God concerning wealth and divinely ordained responsibility to be generous. According to the prophet Ezekiel, one of the grievances that God had against Sodom was that the people had wealth and abundance but did not share it with those in need.

Government welfare interferes with man’s responsibility to his God and his direct interaction with his community. . . . The founders of our country understood this. George Washington, on more than one occasion, quoted the prophet Micah when speaking of peace and prosperity. [Moreover], the responsibility of generosity was deeply interwoven into our Founding Fathers’ vision for this nation. And that thread has continued to this day, as America has held the mantle of the most generous and giving people in the world for the last decade.

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Read more at RealClear Religion

More about: American founding, Capitalism, Deuteronomy, Hebrew Bible

Don’t Let Iran Go Nuclear

Sept. 29 2022

In an interview on Sunday, National Security Advisor Jake Sullivan stated that the Biden administration remains committed to nuclear negotiations with the Islamic Republic, even as it pursues its brutal crackdown on the protests that have swept the country. Robert Satloff argues not only that it is foolish to pursue the renewal of the 2015 nuclear deal, but also that the White House’s current approach is failing on its own terms:

[The] nuclear threat is much worse today than it was when President Biden took office. Oddly, Washington hasn’t really done much about it. On the diplomatic front, the administration has sweetened its offer to entice Iran into a new nuclear deal. While it quite rightly held firm on Iran’s demand to remove the Islamic Revolutionary Guard Corps from an official list of “foreign terrorist organizations,” Washington has given ground on many other items.

On the nuclear side of the agreement, the United States has purportedly agreed to allow Iran to keep, in storage, thousands of advanced centrifuges it has made contrary to the terms of the original deal. . . . And on economic matters, the new deal purportedly gives Iran immediate access to a certain amount of blocked assets, before it even exports most of its massive stockpile of enriched uranium for safekeeping in a third country. . . . Even with these added incentives, Iran is still holding out on an agreement. Indeed, according to the most recent reports, Tehran has actually hardened its position.

Regardless of the exact reason why, the menacing reality is that Iran’s nuclear program is galloping ahead—and the United States is doing very little about it. . . . The result has been a stunning passivity in U.S. policy toward the Iran nuclear issue.

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Read more at Washington Institute for Near East Policy

More about: Iran nuclear deal, Joseph Biden, U.S. Foreign policy