The free market system (capitalism) is based on a voluntary, willful means of exchange between both parties. But socialism is based on a coerced means of exchange, backed by the threat of violence—contrary to what we call “The Golden Rule”:
“And as you wish that others would do to you, do so to them.” (Luke 6:31)In his excellent sermon “Terrorism and God,” Joe Morecraft observes,
“[The free market] can be summed up in the phrase, ‘do unto others as you would have them do unto you.’ That’s the basis of free enterprise. ‘You do something good for me, and I’ll do something good for you.’ And in this kind of economy, both parties in the exchange benefit.
“But in a statist economy, in a socialist economy, where the federal and state governments control businesses and the marketplace, we have a violent means of exchange, because in that situation, here’s what’s being said: ‘Unless you do something good for me, I’ll do something bad for you. I will get the state to force you to do what I want.’ And so violence is bred in our very socialist economy itself.” (This portion of the sermon begins at the 40:45 mark.)
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