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Socialism vs. Capitalism

Which do you think is the most moral economic system: Socialism or Capitalism?

  • Socialism

  • Capitalsim

  • Other


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gluadys

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No nation has ever taxed itself into prosperity and it is our job, as the Church, to help those in need...not the governments.

You are right. It is the job of the church and of all those capable of generosity to help those in need. That is not the job of the government.

And that is the point that anti-socialists keep making about socialism. They think socialism is about helping those in need. They think it is about collective charity. But that is not what socialism is about at all.

Socialism is not about charitable help for the needy. Socialism is about JUSTICE FOR THE POOR.

And if you don't understand the basic difference between charity and justice, you don't begin to understand socialism.

Capitalist societies love charity. They are all too happy to be generous to people whom they have victimized. They are proud to trumpet their philanthropy to the "losers" (just like the Pharisees Jesus described).

Well, as Jesus said, they have their reward. But God is not satisfied with providing help to the needy. What God demands of societies (and that means of governments--not churches) is JUSTICE and especially JUSTICE FOR THE POOR.

The church, by all means, should be charitable. It should be a model of charity for all to follow. But it is not enough for the church to settle for charity, especially not government-sponsored ersatz charity like welfare which often does more harm than good.

The church should also sound a clarion call for social justice, most especially justice for the poor.

And providing social justice is NOT something a volunteer body like the church can do. It is something ONLY good government can provide.

The role of the church is to provide charity and to advocate for social justice (as part of preaching, teaching and living the gospel). The role of the government is not to duplicate the church's charitable role (especially as badly as it does), but to establish a level of social justice such that charity is rarely needed because poverty is no longer endemic but only incidental.

And that is the essence of Christian socialism.
 
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gluadys

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People starve because of a lack of captialism. Look at the third world socialist dictatorships.


What time warp are you living in?

The only third world socialist dictatorship still surviving is Cuba and there is more poverty in Washington DC than in Cuba.

As for people starving for lack of capitalism, the history of the last two decades mostly shows the reverse. Everywhere that capitalism has replaced socialism (whether democratic or dictatorial) poverty and starvation have increased not decreased.

China is one prime example. It was never rich, and the Maoist government at one point deliberately created starvation (as Stalin did also in the Ukraine in the 1930s), but when the system worked half-decently, millions of Chinese were fed who would have starved under the old Empire. And not only were they fed, they developed universal education and health care--two benefits capitalism had not provided in the preceding two centuries.

If China today is able to compete as global capitalist nation, it is because of solid foundations laid because of --and in spite of--its socialist dictatorship, not thanks to the capitalism of the 19th century which did nothing but rob the country blind.

Unfortunately, in its pursuit of the capitalist dream, modern China is also forgetting its egalitarian ideals and re-instituting widespread poverty in the midst of wealth.

Another example, and a better one than China in many ways, is Tanzania, which was a one-party socialist state under Julius Nyerere. After he retired in 1988, the country came under the tutelage of the US dominated World Bank and IMF and was force-fed capitalism on steroids.

Result? Let Nyerere himself describe what happened.

IB: Why did your attempt to find a new way founder on the rocks?
MJN: I was in Washington last year. At the World Bank the first question they asked me was `how did you fail?' I responded that we took over a country with 85 per cent of its adult population illiterate. The British ruled us for 43 years. When they left, there were 2 trained engineers and 12 doctors. This is the country we inherited.
When I stepped down there was 91-per-cent literacy and nearly every child was in school. We trained thousands of engineers and doctors and teachers.
In 1988 Tanzania's per-capita income was $280. Now, in 1998, it is $140. So I asked the World Bank people what went wrong. Because for the last ten years Tanzania has been signing on the dotted line and doing everything the IMF and the World Bank wanted. Enrolment in school has plummeted to 63 per cent and conditions in health and other social services have deteriorated. I asked them again: `what went wrong?'

http://www.hartford-hwp.com/archives/30/049.html

About two years ago, the IMF finally canceled Tanzania's international debt. Since then it has been able to triple its investment in primary health care and primary education and is attracting sufficient foreign investment to handle its debt without help.

Interestingly, canceling unpayable debt is one of those socialist measures prescribed in scripture to assist the poor in a meaningful way. Jesus even included prayer for debt cancellation in the Lord's Prayer. (The petition "Forgive us our trespasses as we forgive those who trespass against us" is more literally translated as "Forgive us our debts as we forgive our debtors.")

Debt cancellation is one of the prescribed actions of the Jubilee year (Leviticus 25), and that is why the church-based call for canceling third world debt initiated in 2000 was called the Jubilee Campaign.

The Jubilee Campaign is a fine example of the Church practicing Christian socialism. As is the Make Poverty History Campaign which is its successor.
 
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gluadys

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However, he did have some capitalism view where there is a master and tree servants who was given wealth to prosper.

Even this is not a parable in support of capitalism. It is usually interpreted as such, by capitalists of course, as are many other parables. Notice how capitalists always soft-pedal that statement about how hard it is for the rich to enter the kingdom of heaven.

And most parables have suffered hundreds of years of being interpreted by well-off Europeans who would prefer not to hear their real message. So they have all been over-spiritualized to the point of harmlessness.

But the people Jesus was really speaking to understood--and so did the authorities of the time. They understood how revolutionary the parables really are. And why it was necessary for them to have him crucified.

Now, of the three servants in the parable, which did the will of God? Most interpreters will tell you that the first two did the will of God and the third did not. He was faithless and lazy and unproductive and received his just punishment. But that is not the case.

The first two did not do the will of God. They did the will of a hard and cruel master. Like their master they made immense fortunes in the only way immense fortunes could be made in those days -- by oppression and cruelty.

The third servant refused to do that. He kept his master's money safe and returned to the master what was his---and not a cent more. As Jesus said: Render to Caesar what is Caesar's. The third servant alone refused to follow the example of the master and reap where he did not sow or gather where he had not scattered seed.

He refused to be part of the system of greed, and so, of course, the system of greed judged and condemned him and cast him out.

"But", you may ask, "why did he not at least put it with the bankers, so the master could get his own with interest?"

Are you forgetting?

By the Mosaic Law, the Law still in force as Jesus spoke, taking interest was a violation of the Law.

So even in this, the third servant, and only the third servant, was a true observer of the will of God.

And don't think for one minute that the people Jesus was speaking to did not understand the true message, however, much the capitalists, ancient and modern, would like to keep it under wraps.


(P.S. My thanks to Ched Myers, from whom I first heard this interpretation.)
 
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gluadys

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..do you know any Mexican farm laborers,

Matter of fact, I do. We import them to Canada too.

You vastly exaggerate the poverty of a group of laborers who the vast majority aren't even here legally, and hence, not all make minimum wage.

And you don't think that's an injustice? "Illegal immigration" is an injustice in itself. People should be able to go legally wherever dollars do. It's an oxymoron to have a "free trade" agreement that doesn't include the free and legal cross-border movement of labour as well as goods and investments.

As for exaggerating their poverty, have you checked what the Mexican labourers think about the situation back in Mexico? If they weren't fleeing poverty, why did they come to Tennessee illegally?

Why vegetables were leaving Ethiopia I don't know, but I'll guarantee you that there was food arriving from guess what-evil capitalist America.

Sure, after you've bought out all the healthy nutritious vegetables out from under them, pride yourself on the minimum rations of carbs and milk powder you send out from the good ole US to the people who wouldn't be starving in the first place if you hadn't robbed them of their own produce. And don't forget that while it may have been US charities and US taxes that sent the relief, the rations were still purchased from US Agri-business corporations--at a profit to them.

I wouldn't be so proud of such "charity" if I were you.


not sure if this was supposed to be an argument for socialism or just an attempt to make the US look like the boogey man for feeding most of the world.

Why should the US be patted on the back for feeding most of the world when it won't even feed all its own? And when most of the world can feed itself very well when the US (and Europe) don't interfere with their capacity to do so.

The fact is that the US and Europe need the markets of the rest of the world to absorb their own overproduction. That's why they artificially create agricultural shortages elsewhere through cut-throat, heavily subsidized competition. And then they have the nerve to call this government-dependent competition "capitalism". Fact, is, neither America nor Europe can really cut it in true free trade. So they need Big Daddy Government to break the way for them.

And then you have the gall to paint yourselves as saviours of the world's poor.

The capitalists of Jesus' day had the same skewed mental outlook. Luke 22:25

That you're even arguing against the US (a rich country) spending its money to feed starving people across the world and keep food costs down doesn't seem to make much sense for a socialist to be arguing.

That's because you keep associating socialism with charity instead of with what it is really about. Justice, not charity. The justice of being able to eat what you grow yourself instead of having to sell it to pay off debts contracted by a former dictator and then be dependent on the charity provided by the very creditors you had to sell your food to pay.

Creditors who are profiting at every turn. Their banks hold the money the dictators stole from the people in the first place, and their banks are also collecting interest on the funds that were stolen from the people it was stolen from. Their businesses buy the produce that goes to pay the debt and their businesses profit from the relief goods sent to the starving.

Charity is a very murky business when you start exploring it. There's good in charity and far be it from me to say "let people starve". But there is lots of greed and pride in charity too. Christians need to be very astute and very humble when it comes to dispensing charity. And we should always, always, always seek justice with charity in preference to charity without justice.

That is what socialism means to me: justice, not charity.

and capitalism calls for everyone carrying their own load,

Socialism does too. It's not just "to each according to his need". It is also "from each according to his ability".

Indeed, one of the huge problems with capitalism is that it wastes so many abilities and does not use people's abilities. Capitalism depends on having an always available (e.g. unemployed) pool of labour. It depends on keeping a %age of people out of the workforce. (A good writer on this topic is Daniel Quinn. Read Ishmael if you haven't already.) Don't believe me? Ask an economist about the acronym NAIRU.

economic freedom to the individual,

Socialism calls for this too. Unlike capitalism, however, socialism recognizes that economic freedom and poverty are mutually exclusive. You cannot have economic freedom where poverty is a reality or even a real threat.

Eradicate poverty and there will be genuine economic freedom for all.

dunno, they can in capitalist countries though.

Not until very recently. And it took the feminist movement to assure it, not capitalism.

Want to know who the real pioneers were in giving women economic rights? Muslims.

1400 years before any European or American woman had the right to independent ownership of real assets, it was prescribed in the Qur'an that what a woman earned belonged to her and her alone. Her husband had no legal claim on it. Meanwhile as late as the mid-20th century English Common Law--the basis for American law as well, held that as man and wife were one in marriage, anything a married woman earned belonged legally to her husband as well.

And there are still many parts of the world where women are excluded as owners of assets.

Maybe in the theocracies and dictatorships of the Middle East they can't.

Actually, as noted above, Islamic law has given women their own property for more than a millennium.

If the hockey player makes millions he's in an upper tax bracket and pays about half of his income in taxes

Don't be ridiculous. 50% is only the rate on the top taxable dollar. And millionaires have lots of tax shelters available. I doubt many actually pay anywhere near half their income in taxes. Not to mention that there are practically no taxes on accumulated wealth.

Middle-income earners are more likely to be paying close to half their incomes in taxes, and they don't have the cushion of accumulated wealth either.


which the government piddles away on, among other things, social programs to help subsidize daycares and those in lower employment brackets.

Indeed, "piddles" is the operative word. Then they blame people for being "unproductive". Well, you get what you pay for.

I've never heard of someone running a daycare making minimum wage though,

Oh, I don't doubt the owner is doing well. I was speaking of the workers.

They're made dependent on welfare, first of all, not because there isn't child care, but because they are incapable of providing for themselves.

That slander speaks volumes of your real attitude. So far removed from Jesus' compassion. You know so little of those whom you speak of from your lofty and comfortable seat as dispenser of charity. To you, they are not really people at all. They don't have hopes and dreams and skills and talents going to waste. They are just a drag on the system, a waste of your taxes.

That's capitalism for you.

Child care is expensive, true, but people are in all honesty, not supposed to be able to support a family on their own without government assistance when they have 0 skills and no real education or training.

So you punish them with poverty. Right!!!


How about starting off seeing that every child gets the benefit of real education and training instead?

How about seeing that every adult who needs it is provided with real education and training instead of left homeless in the streets or stuck in project housing with no help to raise her kids for better things?

Tell me, where does scripture say that the way to deal with the uneducated and unskilled is to either let them literally starve,or fester in conditions of social neglect generation after generation?

If it be welfare OR government provided childcare, she is still on government assistance and the government is still spending money on her. The end result is the same-government expense and the person becoming dependent on it.

No. Welfare dependency is a real thing. It's a horrid trap I wish on no one. But government provided day-care is enabling. It enables her to go out and get education, get a job, make something of herself, and one day be able to pay for private day-care if she prefers. Indeed, one day, she could be the operator of one of those day-care centres, a bona fide capitalist entrepreneur.

I support any socialist measure that works with a person to establish their personal independence. I oppose any "socialist" measure that traps people in unwanted dependency. So I support universal health care, universal education, social security, universally accessible daycare, etc. I oppose welfare that is nothing more than a pittance to keep people alive and idle. Again, it is justice, not charity, that is the key.


Gotta love NAFTA.. North American FREE TRADE Agreement, which is really the only thing giving any Latin American countries the ability to become industrialized or agriculturally independent BECAUSE they have free trade with the US and can get equipment cheaper and can sell their exports without worrying about tariff.

Yep, that's why the people of Latin American organized against the hemispheric extension of NAFTA and why the FTAA is currently dead in the water. That's why newly-confident 3rd-world countries have resisted the US agenda at the WTO ever since Seattle and are demanding more attention be paid to their agenda if the US wants anymore concessions from them.

Corruption in Mexico is the problem, not their big brother to the north.

I notice you don't mention that it is the corrupt Mexican leaders who signed it into NAFTA.

Chinese kids working in sweatshops is socialism at its finest, what can I say?

Guess you haven't heard about the new capitalist China.


....to be continued
 
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gluadys

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I have a feeling we have different opinions on just exactly what "fair" is. You might argue that a 9 dollar an hour minimum wage is fair, but the reality of it is that raising the minimum wage simply creates inflation which hurts everyone who isn't on minimum wage and has no real impact on those who are on minimum wage.

Yes, I have heard that capitalist myth before. Never seen a concrete historical example of it though.

A fair wage is one that covers the cost of living. That should be a simple enough equation. Why should anyone put in a full day's work for less pay than it takes to live a day?

Whatever you are considering 'fair' trade, I have no idea,

It's online here.

http://www.maketradefair.com/en/index.php?file=03042002121618.htm


but I can suggest you do your civil liberty (you have those in Canada, right?) and write your representative to express your ideas to them, because they could actually evaluate them if you formed them into an intelligible concept.


Oh, I have. Many times. In fact, my job, until my recent retirement, was to help mobilize the Christian community in Canada to do just that.

So I also take partial credit for thousands of signatures on dozens of petitions sent to the Canadian government by Canadian Christians on these issues over the last 15 years.

Jesus met very many people who had lots of money during His travels, and even stayed with some of them. However, the only times Jesus said that it was not good for them to be rich was when the money had become an idol and the men were wanting to become disciples.

Oh, being rich is not a sin. But using the power of wealth to bend the laws and practices of society to the benefit of the rich is. Legalized theft is the basis of much wealth. After all, both our countries are based on the wholesale theft of Native land, right?

Jesus knew about that sort of thing, and so did the prophets. Remember how he spoke against the idiocy of claiming that an oath on the temple was not binding, but one on the gold of the temple was? Do you think that was just a spiritual matter? Not at all. That was hard economics. In an illiterate society, contracts were based on verbal oaths, not written documents. This little nicety was a first-century equivalent of "fine print".

That sort of theft through legal regulation runs rampant through the whole economy, today as ever.

Exposing that sort of injustice and calling for redress helps many more poor than welfare or charity will ever do. The church should be involved in that work.

Jesus came preaching that He was the Way.
Jesus came preaching love the Lord thy God.
Jesus came preaching love your neighbor as thyself.
He came preaching good deeds through faith, not government control.
He came preaching freedom.

No where did He come preaching socialism

But all of the above IS socialism. The role of the government is not good deeds. That's for individuals. The role of the government, re-iterated on page after page of scripture, is justice, especially justice for the poor.

And the promise of God is that where we insist in governments that do justice, we will see no poverty and we will know God's blessing and bounty for all.

We will never achieve it in full through human effort. Only in the heavenly kingdom will we know it in perfection. But that is no excuse for condoning poverty and the greed and extortion at the root of poverty here and now. We are to do the will of God in the world here and now in the face of the the devil's empire, not cooperate with it until God brings in his kingdom.

the application is always as far from the ideals as the East is from the West

Of course, that is equally true of capitalism.

#1 public works is different than social programs.

No, it isn't. You just want to call it by a different name because it is social program you agree is necessary.

China has the world market by the you-know-what but that is because they don't care about human rights. whee for socialism.

In part that is because no system works out in practice as it is represented ideally. And IMO, more so because Marxism is a rotten distortion of socialism in the first place. And even Marxism was betrayed by both Stalin and Mao Ze-Dong. And finally, because Satan will take any system: monarchist, capitalist, feudalist, socialist, anarchist---any hoped for Utopia--and poison it.

I think socialism is a better ideal than most. More aligned with scripture than most. But socialism, like any human quest, is subject to the fallenness of human nature. In human hands, under the domain of Satan's rule, socialism will become a cess-pool of extortion and oppression, just as capitalism and all the others do. Unless, unless, we who are Christ's exercise constant vigilance and constantly stand against injustice, against the enslavement and impoverishment of those whom God loves, especially the weakest and most vulnerable among us.

Charity, good as it is, is just not enough. Micah did not tell us God only required mercy. He told us God requires us to do justice. Amos did not call only for righteousness, but for justice to roll down like rivers. Jesus did not call blessings only on the merciful, but also on those who hunger and thirst for justice.

Socialism at its sin-filled worst is just as bad a dictatorship as capitalism at its sin-filled worst.

But socialism as an ideal to press towards is social justice at its best. And I don't find that in capitalism, even as an ideal.

Lots of manufacturing has gone overseas but it has been met with an increase in service-oriented jobs. It is a shift, not a falling out.

Yes, lots of decent paying, union-protected jobs have fled overseas where corrupt business and corrupt government conspire to defraud the worker of even the right to strike for a living wage, while Americans are forced to shift to low-wage, non-organized service oriented jobs. I am sure the down-sized American worker is greatly appreciative.

And the US gladly imports manufactures from the third world when they profit US corporate rulers, even while still preventing the import of independent manufacturing in the third world. Read the book on fair trade I gave you a link to.

I'd suggest a little bit of research into what is actually going on,

I would heartily agree. After the Oxfam analysis on unfair trade you might research the works of Walden Bello and Martin Khor, both respected Asian economists. And if you prefer an American, consider David Korten, who speaks from years of personal experience.
 
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YoungJoonKim

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That slander speaks volumes of your real attitude. So far removed from Jesus' compassion. You know so little of those whom you speak of from your lofty and comfortable seat as dispenser of charity. To you, they are not really people at all. They don't have hopes and dreams and skills and talents going to waste. They are just a drag on the system, a waste of your taxes.

That's capitalism for you.

Yes...oh yes...
Thanks for your time on this page lol. ( I mean page)
It must been hours :p
Thanks again


p.s.
I WANT MY GOVERNMENT TO DO MY LAUNDRY
 
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gluadys

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Yes...oh yes...
Thanks for your time on this page lol. ( I mean page)
It must been hours :p
Thanks again

Thank you. No problem. I am satisfying my internet addiction after five days of deprivation.


p.s.
I WANT MY GOVERNMENT TO DO MY LAUNDRY

No you don't. The bureaucrats would ruin your clothes! :D
 
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gluadys

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lol no, I mean government paid house worker :p
It would be huge boost for the poor who have to work 24/7 and have kids (without husband/wife)

Ah, yes. That makes more sense. Even better would be a government guaranteed micro-credit loan that would assist a group of poor people to set up a cooperative laundry. Like a community kitchen but for washing clothes.
 
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Flashskeletal

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Although I have not read the entire post, and realize this comment by be a little irrelevant, I can't help but laugh when capitalisits advocates still talk about letting the free maket take care of society after the wall street melt down. If it was not for social intervention by govermnet in American and in other parts of the world, we would be in a depreesion by now.

Socialism focuses on government intervention to help people. At the haert of capitalism is money (moneyism) and the teachings in the Bible are very clear: money, and the love of money is not within the boundaries of Christ or Christainity. Capitalism is the focuses and love of money. Democratic socialism, in my mind, is a form of applied christianity. Capitalism (love/focus of money) has no place in Christainity
 
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canukian

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wall street did not fail because of capitalism...greed and feer rule wall street...now is a fearfull time...the fear is because of three things happening at once...a downturn was over due and a downturn is a healthy part of capitalism just as are buisneses that fail...the intrest rate was kept artificially low by meddling polititians...motgage companies were forced to give morgages to people who would never qualify by socialist liberals and sown into toxic assets...socialism is a disaster as it is a disencentive to work.
 
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Johnnz

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Capitalism as we know it is applied greediness, but it need not be. Socialism rightly overlaps with Christian social justice, but it can lead to overmuch central control, loss of individual freedom and stifling of innovation.

Either end of the political spectrum contains elements that Christians can live with. But political systems in today's society won't say a great deal about the underlying moral framework necessary for any system. Adam Smith's first book was about the morality needed for a sound economy. That work is seldom quoted.

John
NZ
 
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gluadys

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Capitalism as we know it is applied greediness, but it need not be. Socialism rightly overlaps with Christian social justice, but it can lead to overmuch central control, loss of individual freedom and stifling of innovation.

Either end of the political spectrum contains elements that Christians can live with. But political systems in today's society won't say a great deal about the underlying moral framework necessary for any system. Adam Smith's first book was about the morality needed for a sound economy. That work is seldom quoted.

John
NZ

Especially by capitalists. The modern corporate capitalism we know today would have been as strongly condemned by Adam Smith as the royal monopolies of his day. Because they, too, are monopolies. And they even continue to depend on the state---witness the current bailouts of banks.

Every political and economic system has within it the capacity to be corrupted, because they are all human systems and humans bring their sin and selfishness and greed---as well as their idealism and hopes into it.

Much in the bible strikes people as socialist, simply because they have become used to the capitalist view of things. But if socialists learn some good ideas from the bible, is that bad? And when socialists or capitalists become dictatorial and oppressive, that is bad and we shouldn't let non-biblical ideology prevent us from saying so. No matter what political stripe our leaders wear, as Christians, we are called to speak truth to power.
 
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Metalkat77

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Experts (sociologist, economist, and political experts) have been dabated about if Cristianity suports or not a kind of socialism others say based in Romans about to subject the aoutorities arugumenting about the suporting of capitalism here the situation show us about to watch our brother in Jesus as an equal like me or like you, and in the books where you refer almos I percive a teaching about to concern and to care about your brothe and vision in when you are sharin a same comunion with God all migthy no matter if theis person at your side is rich or poor, young or old, black or white the important is a person in thye same feeling in the same comunion, and in the same corps that is call Jesus and for that reason by the love and mercy of God you will moved to make sure that your brother does not have pas calamities by their economical condition but, thats I understand about it.
 
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TheReasoner

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I, like the OP, am a Christian Socialist. Or rather, I am a Christian, and because of my faith in and love for Christ, and subsequent love for others, I support a socialistic approach.
I would label myself a social democrat (No, that has nothing to do with the US democratic party).

I also agree that there can be little doubt that the bible promotes a socialistic approach, and condemns the greed that capitalism nourishes and thrives on.
 
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TheReasoner

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Capitalism as we know it is applied greediness, but it need not be. Socialism rightly overlaps with Christian social justice, but it can lead to overmuch central control, loss of individual freedom and stifling of innovation.

So can capitalism, as if unchecked it can lead to a power vacuum in the government filled by corporations who in their monopoly stifle innovation and have a huge impact on personal freedoms. Take Big Pharma for example. Through political lobbying they have been able to pass laws that are direct attacks on personal freedoms and rights in the US. The big sugar companies too. When WHO was about to release a report on the health effects of sugar, CocaCola was in such a powerful position in the US they more or less openly threatened WHO that the USA would withdraw their support from WHO should it be published.
That a private corporation can in fact make such threats is a clear and terrifying signal that the more we downsize the government, we don't necessarily give more power to the people, but may in fact simply be shifting it to another powermonger.

Either end of the political spectrum contains elements that Christians can live with. But political systems in today's society won't say a great deal about the underlying moral framework necessary for any system. Adam Smith's first book was about the morality needed for a sound economy. That work is seldom quoted.

John
NZ

The problem is that humans are quite greedy. If you liberalize the economy - such as capitalism promotes - this will simply give the greedy more room to maneuver. And morality will suffer from it. It is a good idea that we should all be nice and get along in a pseudo-anarchic economic system. But pseudo-anarchy will not give the moral an advantage. We need laws and someone to uphold the laws to avoid excessive greed. This is why we must have a government of some size, controlled by the people - not corporations.
 
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Ronald Reagan said, "Mr. Gorbachev, tear down this wall!" Just a few years later, the Soviet Empire collapsed. And with that, history rendered its verdict on socialism.

Ironically, the only place where socialism may make a comeback is right here, if Obama and the Democrat Party's policies take hold.

We'll know more after the 2010 midterm elections.
 
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