As Democrats move toward socialism, the United States continues to see the rise of Democratic Socialists. Many candidates who won in the recent midterm elections campaigned on socialist policies and promises to address the so-called affordability crisis.
David Mitchell, longtime senior pastor of Park Meadows Church in Corsicana, Texas, recently told American Family Radio, "The Bible nowhere teaches communism or socialism, and it everywhere teaches all the components of capitalism, such as free markets, supply and demand, risk, return."
"Tradeoff is in the Bible," he noted. "Asset diversification is in the Bible. Buying at wholesale, marking up, selling at retail, and bringing the profits home to your family— all of that's in the Bible."
Acts 4:32-35, which describes how the early believers shared their possessions, is one passage people cite to support the argument that the Bible teaches communism. But Mitchell, founder of the Christian financial education and stock market training company TRADEway, pointed out that they overlook an important detail.
"What they don't tell you is it says that … they sold their possessions, their land and so forth, and brought money to help those who were in need. When you're under communism, no one owns any land," he relayed. "You don't own anything."
When countries move toward socialism, higher prices follow. As former U.K. Prime Minister Margaret Thatcher once said, "The problem with socialism is that you eventually run out of other people's money."
"When you look at what God teaches about economics and finance and the family business and wealth creation and all those things that are taught in the Bible, and we decide to go against it, there's no guarantee we're going to succeed," Mitchell concluded. "In fact, we're going to fail."
