Socialism or Capitalism? A Christian Perspective
Is socialism a Christian concept? In order to have this discussion, we must make sure we are clear on our definitions.
Socialism: 1 : any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods
2 a : a system of society or group living in which there is no private property b : a system or condition of society in which the means of production are owned and controlled by the state
3 : a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done.
Capitalism: an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.
Definitions taken from www.merriam-webster.com.
I think the best way to discover the answer to our question of which economic philosophy is most compatible with Christianity is to look at some stories and passages from the Bible.
The Good Samaritan
The Rich Young Man
The Sheep and the Goats
Spot the Imposter Verse Quiz
The Workers in the Vineyard
Socialism: 1 : any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods
2 a : a system of society or group living in which there is no private property b : a system or condition of society in which the means of production are owned and controlled by the state
3 : a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done.
Capitalism: an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market.
Definitions taken from www.merriam-webster.com.
I think the best way to discover the answer to our question of which economic philosophy is most compatible with Christianity is to look at some stories and passages from the Bible.
The Good Samaritan
The Rich Young Man
The Sheep and the Goats
Spot the Imposter Verse Quiz
The Workers in the Vineyard