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

The Benefits of Chaos in Gaza

With the IDF engaged in ground maneuvers in both northern and southern Gaza, and a plan about to go into effect next week that would separate more than 100,000 civilians from Hamas’s control, an end to the war may at last be in sight. Yet there seems to be no agreement within Israel, or without, about what should become of the territory. Efraim Inbar assesses the various proposals, from Donald Trump’s plan to remove the population entirely, to the Israeli far-right’s desire to settle the Strip with Jews, to the internationally supported proposal to place Gaza under the control of the Palestinian Authority (PA)—and exposes the fatal flaws of each. He therefore tries to reframe the problem:

[M]any Arab states have failed to establish a monopoly on the use of force within their borders. Syria, Lebanon, Iraq, Yemen, Libya, and Sudan all suffer from civil wars or armed militias that do not obey the central government.

Perhaps Israel needs to get used to the idea that in the absence of an entity willing to take Gaza under its wing, chaos will prevail there. This is less terrible than people may think. Chaos would allow Israel to establish buffer zones along the Gaza border without interference. Any entity controlling Gaza would oppose such measures and would resist necessary Israeli measures to reduce terrorism. Chaos may also encourage emigration.

Israel is doomed to live with bad neighbors for the foreseeable future. There is no way to ensure zero terrorism. Israel should avoid adopting a policy of containment and should constantly “mow the grass” to minimize the chances of a major threat emerging across the border. Periodic conflicts may be necessary. If the Jews want a state in their homeland, they need to internalize that Israel will have to live by the sword for many more years.

Read more at Jerusalem Institute for Strategy and Security

More about: Gaza War 2023, Israeli-Palestinian Conflict