Counsel
You are here:Home-Resources-Counsel of Chalcedon Magazine-2009 Issue 3-The Antithesis Between Socialism and The Bible

The Antithesis Between Socialism and The Bible

There are basically two major systems by which nations can organize their economic affairs: Capitalism (private ownership and control of the economy) and Socialism (state ownership and control of the economy).

But there are two central assumptions underlying Socialism that should rule it out as an option for Christians’ support. Two foundational issues in the debate about economic systems involve human nature and the existence of private property. Underlying pure Socialism are the assumptions that human nature can be transformed by human institutions and that private property is an evil. Both of these assumptions contradict the Bible.