Opinion


Is capitalism morally bankrupt?

by Dr Michael Schluter, The Jubilee CentrePosted: Monday, October 19, 2009, 15:24 (BST)

[14]E.g. 1 Tim. 1:8; 2 Tim. 3:16.

[15]Col. 1:15–20.

[16]Michael Schluter and John Ashcroft, Jubilee Manifesto: a framework, agenda and strategy for Christian social reform, IVP, 2005. See especially chapters 11 and 12 by Paul Mills.

[17]Matt. 6:24.

[18]Matt. 22:34–40.

[19]Ex. 20:2–3. Also, note Jesus’ warning in Luke 12:13–21.

[20]Cited in Ben Runnell, ‘Debt is Capitalism’s dirty little secret’, Financial Times, 30 June, 2009.

[21]Matt. 25:26–27; Luke 19:22–23. For the legitimacy of taking economics lessons from the parables, see Christopher Townsend and Michael Schluter, Economics in the Parables of Jesus, Jubilee Centre working paper, 1985.

[22]E.g. Matt. 20:1–16; Luke 16:9; Mark 12:41–44.

[23]Matt 25: 26–27.

[24]Ps. 37:21. The argument is set out in more detail in Cambridge Papers, Vol. 9, No. 2, 2000.

[25]For the history of Enron see the film, Enron: The Smartest Guys in the Room, 2005.

[26]See Lev. 25:8–11.

[27]1 Kgs. 21. For an examination of these issues, see Michael Schluter, ‘Roots: Biblical norm or cultural anachronism?’, Cambridge Papers, Vol. 4, No. 4, 1995.

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