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  • Christianity & Capitalism, Part 3: "A Brief Look at Centralized Economies"

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    Eric M. Jackson
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    Presented to "The Gathering" at Grace Brethren Long Beach on July 12, 2009. During the third day of our 4-part series, we briefly reviewed the multi-disciplinary model we developed earlier over the prior two weeks to allow Christians to conduct a thoughtful examination of capitalism. We then discussed attributes of centralized economies, communism and socialism, and compared them to the "invisible hand" of capitalism. Following this, we briefly explored the themes of private property and government power in Scripture. (This discussion is not part of the slides.)

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    Presented to "The Gathering" at Grace Brethren Long Beach on July 12, 2009. During the third day of our 4-part series, we briefly reviewed the multi-disciplinary model we developed earlier over the prior two weeks to allow Christians to conduct a thoughtful examination of capitalism. We then discussed attributes of centralized economies, communism and socialism, and compared them to the "invisible hand" of capitalism. Following this, we briefly explored the themes of private property and government power in Scripture. (This discussion is not part of the slides.)

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Scarica in formato PPT, PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    216 visualizzazioni11 pagine

    Christianity & Capitalism, Part 3: "A Brief Look at Centralized Economies"

    Caricato da

    Eric M. Jackson
    Presented to "The Gathering" at Grace Brethren Long Beach on July 12, 2009. During the third day of our 4-part series, we briefly reviewed the multi-disciplinary model we developed earlier over the prior two weeks to allow Christians to conduct a thoughtful examination of capitalism. We then discussed attributes of centralized economies, communism and socialism, and compared them to the "invisible hand" of capitalism. Following this, we briefly explored the themes of private property and government power in Scripture. (This discussion is not part of the slides.)

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Scarica in formato PPT, PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    di 11

    Christianity

    & Capitalism

    July 12, 2008


    Christianity & Capitalism

    A Quick Review

    2
    Christianity & Capitalism
    A Model for Examining
    Capitalism
    • No economic system is prescribed by
    the Bible.
    • A multi-disciplinary examination
    through the lenses of Scripture,
    history, and economics.
    • Capitalism as an institution.
    • Does capitalism promote Shalom?
    3
    Christianity & Capitalism

    What is Capitalism?
    • Definition: An economic system where 1)
    people own their labor; 2) property rights
    are protected by rule of law; 3) investments
    are determined privately; 4) and the market
    sets prices, wages, production, and
    distribution.
    • Key Components: “The
    Invisible Hand” and
    “Creative Destruction.”

    • Free to Choose: Free,


    4
    mutually beneficial
    Christianity & Capitalism

    The History of Capitalism


    • Replaced feudalism and mercantilism,
    triggered the Industrial Revolution in
    Europe.
    • Christian concepts led to the rise of
    Capitalism:
    – Humanity’s role in creation
    – Private property
    – Reason
    – The Reformation
    – “The faith of Abraham”
    – Optimism for the future tempered by original
    (Sources: Joel Mokyr, The Lever of Riches, pp. 201-205. Jay Richards, Money, Greed, and God,
    pp. sin
    145-151. Walter Russell Mead, God and Gold, pp. 191-247.) 5
    Christianity & Capitalism

    Centralized Economies

    6
    Christianity & Capitalism

    The Visible Hand


    • Feudalism and mercantilism were
    eclipsed by capitalism.
    • The debate of the past two centuries
    has centered around economic
    decentralization (capitalism) vs.
    centralization (communism and
    socialism).

    7
    Christianity & Capitalism

    Communism
    • State ownership of all means of
    production and central planning to
    allocate resources and set
    wages/prices.
    • By mid-20th century, it
    looked to be ascendant.
    • Communism must always
    entrust massive political
    power into the hands of a
    few sinful men. 8
    Christianity & Capitalism
    Deaths by Communist
    Regimes
    China 65 million
    Soviet Union 20 million
    North Korea 2 million
    Cambodia 2 million
    Africa 1.7 million
    Afghanistan 1.5 million
    Vietnam 1 million
    Eastern Europe 1 million
    Latin America 150,000
    (Source: The Black Book of Communism, Harvard Univ.
    Press, 1999.) 9
    Christianity & Capitalism

    Socialism
    • The state ensures greater economic
    equality through some mix of gov’t
    regulation and ownership of industry,
    income redistribution.
    • “Market socialism” accepts the price
    system, but like communism it entrusts
    significant power in the hands of political
    leaders.

    10
    Christianity & Capitalism

    A Viable Alternative?
    • Socialism is growing in
    popularity during the current
    financial crisis.
    – Only 53% of U.S. adults believe
    capitalism is best; 20% say
    socialism, and 27% unsure.
    – Adults under-30: 37%
    capitalism, 33% socialism, 30%
    undecided. (Source: Poll by Rasmussen Reports, April 9, 2009; available at
    http://www.rasmussenreports.com/public_content/
    politics/general_politics/just_53_say_capitalism_better_than_socialism.)

    • America’s early experiment with


    11

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