Capitalism

What the Bible Teaches About Capitalism

February 23, 2012February 25, 2012 by Orthodox Editors

by Aryeh Spero –
As the Ten Commandments instruct, envy is corrosive to the individual and to those societies that embrace it.

More than any other nation, the United States was founded on broad themes of morality rooted in a specific religious perspective. We call this the Judeo-Christian ethos, and within it resides a ringing endorsement of capitalism as a moral endeavor.

Regarding mankind, no theme is more salient in the Bible than the morality of personal responsibility, for it is through this that man cultivates the inner development leading to his own growth, good citizenship and happiness. The entitlement/welfare state is a paradigm that undermines that noble goal.

The Bible’s proclamation that “Six days shall ye work” is its recognition that on a day-to-day basis work is the engine that brings about man’s inner state of personal responsibility. Work develops the qualities of accountability and urgency, including the need for comity with others as a means for the accomplishment of tasks. With work, he becomes imbued with the knowledge that he is to be productive and that his well-being is not an entitlement. And work keeps him away from the idleness that Proverbs warns leads inevitably to actions and attitudes injurious to himself and those around him. [Read more…]

Obama: Our Marxist Wizard of Oz

December 14, 2011 by Orthodox Editors

by Peter Ferrara –
His mother was an unabashed hippie from 1960s central casting. His father was an openly avowed Communist from Kenya. While his father wasn’t around much, his devoutly progressive grandparents arranged for him to be mentored during his adolescent years by a dues paying member of the U.S. Communist Party, Frank Marshall Davis.

When he went to college, he was attracted to the Marxist professors and student activists, according to his own published memoirs. When he graduated, he moved to Chicago and became an instructor for the left-wing extremist organization ACORN in the social manipulation methods of radical Marxist agitator Saul Alinsky. He attended for close to two decades the Trinity United Church of Christ, which practiced neo-Marxist Black Liberation Theology. That church was headed during those years by the openly socialist Rev. Jeremiah Wright, who declared that the 9/11 terrorist attack on America was “America’s chickens coming home to roost.” He also famously preached from his pulpit, “Not God bless America, God damn America….” [Read more…]

What the Pilgrims Can Teach Us about Economic Freedom

November 24, 2011 by Orthodox Editors

Economic Freedom –
The Pilgrims struggling to survive at Plymouth Plantation learned the importance of private property first-hand in 1623 when Governor Bradford adopted a free-enterprise system after just two years of communal sharing. Their experiment with socialism revealed valuable lessons that inspired the colony to shift to a free-market economic system that would serve as the foundation upon which America would grow into a great and prosperous nation.

As the Pilgrims learned, societies that respect property and the rule of law capture the benefits of free-market enterprise and enjoy high levels of prosperity. The benefit that we see from free markets is contingent on individuals having the right to own and protect property and to benefit from their labor. [Read more…]

Steve Jobs and American Exceptionalism

October 6, 2011April 14, 2022 by Orthodox Editors

by Ed Feulner –
Steve Jobs, who died yesterday at the too-young age of 56, was a living refutation of all that liberals constantly tell us about our country — that we’re falling behind others and live now in a “post-American world,” as one of Barack Obama’s favorite books puts it in its title.

As anyone who’s ever handled an Apple product or had his life improved by the technological innovations our system has produced in just a decade (that means all of us) will tell you, Jobs and innovators like him epitomize that immeasurable quality the left somehow finds most abject — American exceptionalism.

The meme of the left is that drudgery and mediocrity is not just our future but probably also our just deserts–for being too imperialistic, consumerist, wasteful, patriarchal, or what have you. (For an inexhaustible list of all our ills and sins, please check with the mob gathered at the “Occupy Wall Street” protest.) One should compare this deadened vision with the wonders Jobs wrought. [Read more…]

Obama and the Burden of Exceptionalism

September 4, 2011September 6, 2011 by Orthodox Editors

Obama liberal failure — Illustration by Chad Crowe

by Shelby Steele –
If I’ve heard it once, I’ve heard it a hundred times: President Obama is destroying the country. Some say this destructiveness is intended; most say it is inadvertent, an outgrowth of inexperience, ideological wrong-headedness and an oddly undefined character. Indeed, on the matter of Mr. Obama’s character, today’s left now sounds like the right of three years ago. They have begun to see through the man and are surprised at how little is there.

Yet there is something more than inexperience or lack of character that defines this presidency: Mr. Obama came of age in a bubble of post-’60s liberalism that conditioned him to be an adversary of American exceptionalism. In this liberalism America’s exceptional status in the world follows from a bargain with the devil—an indulgence in militarism, racism, sexism, corporate greed, and environmental disregard as the means to a broad economic, military, and even cultural supremacy in the world. And therefore America’s greatness is as much the fruit of evil as of a devotion to freedom. [Read more…]

Capitalism’s Gift of Peace

December 15, 2010December 16, 2010 by Orthodox Editors

12/15/2010 – J.T. Young –

The Korean peninsula demonstrates the fundamental differences between free and fettered markets. As always, there are the free market’s obvious attributes of prosperity and democracy. However as recent events have shown, peace should not be overlooked. And just as importantly, neither should its proper attribution to a free market.

In one relatively small section of the world, the stark differences between the world’s most important dichotomy is clearly visible. In South Korea, a capitalist market, open society, and democracy exist. In North Korea, a closed market, closed society, and totalitarian regime exist. You also have a stark distinction between peace and war.

Perhaps capitalism’s most overlooked attribute is peace. Virtually all conflicts of the last century have been initiated by fettered market, authoritarian states. Often the world’s armed conflicts have been between two such regimes. Contrastingly, military conflicts have almost never pitted two capitalist, democratic nations against one another. [Read more…]

Why Do the Poor Stay Poor?

December 10, 2010 by Orthodox Editors

12/9/2010 – John Stossel –
Prosperity is impossible without property rights.

Of the 6 billion people on Earth, 2 billion try to survive on a few dollars a day. They don’t build businesses, or if they do, they don’t expand them. Unlike people in the United States, Europe, and Asian countries like Japan, South Korea, Hong Kong, etc., they don’t lift themselves out of poverty. Why not? What’s the difference between them and us? Hernando de Soto taught me that the biggest difference may be property rights.

I first met de Soto maybe 15 years ago. It was at one of those lunches where people sit around wondering how to end poverty. I go to these things because it bugs me that much of the world hasn’t yet figured out what gave us Americans the power to prosper. [Read more…]

The Immorality of Class Warfare

November 27, 2010 by Orthodox Editors

11/27/2010 – Henry Oliner –
Listening to the declarations of class warfare by congressmen who demonize wealth and the wealthy, I am reminded of these stories of the moral hypocrisy displayed by those who demand without respect. They require more and more, yet they blame these subjects for any setbacks caused by said subjects’ imperfections or unwillingness to bend to the will of those who scorn them. [Read more…]

The Lost Lesson of Thanksgiving

November 24, 2010November 27, 2013 by Orthodox Editors

by John Stossel –
Had today’s political class been in power in 1623, tomorrow’s holiday would have been called “Starvation Day” instead of Thanksgiving. Of course, most of us wouldn’t be alive to celebrate it.

Every year around this time, schoolchildren are taught about that wonderful day when Pilgrims and Native Americans shared the fruits of the harvest. But the first Thanksgiving in 1623 almost didn’t happen.

Long before the failure of modern socialism, the earliest European settlers gave us a dramatic demonstration of the fatal flaws of collectivism. Unfortunately, few Americans today know it.

The Pilgrims at Plymouth Colony organized their farm economy along communal lines. The goal was to share the work and produce equally. That’s why they nearly all starved. [Read more…]

Socialism and Reality

October 28, 2010October 30, 2010 by Orthodox Editors

10/25/2010 – Steve McCann –
The images on the television screen emanating from Europe are a sobering reminder that socialism has failed wherever it has been tried and will always do so despite the best efforts of the die-hard true believers. The riots in the streets of France and Greece, the announced layoffs of nearly 500,000 government employees in the United Kingdom, and the potential national bankruptcy of Ireland, Spain, Italy, and Portugal are the current face of this failure.

Yet within the halls of power in Washington, D.C. there is a socialist/progressive cabal, and its titular leader Barack Obama, oblivious to this reality. These ideologues continue to cling to the belief that they have a unique ability to succeed where so many others have failed. The egocentric American Left know no bounds, and their determination to impose their will upon the United States has not and will not abate despite the results of any election. [Read more…]