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.

Read more at RealClear Religion

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

American Aid to Lebanon Is a Gift to Iran

For many years, Lebanon has been a de-facto satellite of Tehran, which exerts control via its local proxy militia, Hizballah. The problem with the U.S. policy toward the country, according to Tony Badran, is that it pretends this is not the case, and continues to support the government in Beirut as if it were a bulwark against, rather than a pawn of, the Islamic Republic:

So obsessed is the Biden administration with the dubious art of using taxpayer dollars to underwrite the Lebanese pseudo-state run by the terrorist group Hizballah that it has spent its two years in office coming up with legally questionable schemes to pay the salaries of the Lebanese Armed Forces (LAF), setting new precedents in the abuse of U.S. foreign security-assistance programs. In January, the administration rolled out its program to provide direct salary payments, in cash, to both the Lebanese Armed Forces (LAF) and the Internal Security Forces (ISF).

The scale of U.S. financing of Lebanon’s Hizballah-dominated military apparatus cannot be understated: around 100,000 Lebanese are now getting cash stipends courtesy of the American taxpayer to spend in Hizballah-land. . . . This is hardly an accident. For U.S. policymakers, synergy between the LAF/ISF and Hizballah is baked into their policy, which is predicated on fostering and building up a common anti-Israel posture that joins Lebanon’s so-called “state institutions” with the country’s dominant terror group.

The implicit meaning of the U.S. bureaucratic mantra that U.S. assistance aims to “undermine Hizballah’s narrative that its weapons are necessary to defend Lebanon” is precisely that the LAF/ISF and the Lebanese terror group are jointly competing to achieve the same goals—namely, defending Lebanon from Israel.

Read more at Tablet

More about: Hizballah, Iran, Israeli Security, Lebanon, U.S. Foreign policy