Churchill said, “”Capitalism is the worst economic system, except for all the others.” “The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.”
Although the Bible dopes not explicitly promote or defend the capitalist system, it is the best we have … but it needs to be strongly influenced by Gods economy.
Last week, I was privileged to be with Bruno Roche, Chief Economist at Mars Inc. at a meeting of the European Economic Summit, who proposed an economics of mutuality. This is based on the value of the individual.
Starting with the value of the individual, the first task is to develop and invest in Human Capital. Then in the way each individual relates to and interacts with others – developing Social Capital with shared identity and values.. And then this should be developed within the framework of our Natural Capital, investing in environmental capital. Lastly, this all leads to developing financial capital.
Bruno Roche stated that if we start with developing Financial Capital as the primary goal, then this will always transpire to the cost of human capital, social capital and environmental capital. Financial Capital is the fruit of investing in human, social and natural capital and is needed for liquidity in the system.
Roche, “Marxism only wanted to pay the people at the expense of the others; Greens only want to pay the land at the expense of the others: and Modern capitalism only wants to pay the capital at the expense of the others!”
This is merely a re-iteration of the creation order! Firstly, God created the earth and gave it to man to provide and enjoy! That is natural, environmental capital. Then, God created man to enjoy the creation and develop this natural capital. He wanted people to grow and develop their gifs and talents. Human Capital. Then God observed that it was ‘not good that man should be alone,’ and created woman. Social Capital was born! Financial Capital only came as a means of facilitating the exchange of goods and services allowing people to interact, share and grow their economy. The purpose of money is not to accumulate but to facilitate!
Focus on developing human, social and natural capital and the shared financial capital will follow.
Don’t follow money, money will follow you. Read more
With the freshness and excitement that a new year brings, we could not think of a better way to begin 2015, than to have our Founder, Howard Dayton share his heart as it relates to Compass.
Studies show us, that as we faithfully apply God’s financial principles in our life, we also draw closer to Christ, our marriages grow stronger and we become more content. Furthermore, we find that our desire and ability to give and serve others, increases.
We are very pleased to partner with Andamio, a publisher based in Barcelona, Spain, to publish the best-selling book by Howard Dayton – Your Money Counts – in Spanish.
Howard will be signing books at the Compass European conference in Torremolinos, near Malaga, Spain from January 22-25, 2015. The book has already received many glowing reviews.
“This is unique in Spain – we have never ever seen such teaching from the Bible on how to manage our money!”
This six week small group study will show you how to discover God’s approach to managing your finances and strengthening your marital relationship.
Building a healthy marriage
Giving, saving, debt and investment decisions
Dealing with crisis
Improving communication in your marriage
Radio programme with Mark Lloydbottom “Money Matters” on TransWorld Radio!
The series of Money Matters will air (on Sky Guide 0138, Freesat 790, atwww.twr.org.uk and via the TWR-UK App) on Saturdays at 11.30am or listen on demand at www.twr.org.uk/ondemand starting 5 January.