Capitalism vs. Socialism… Which One is Biblical?

Some people would say that socialism is better than capitalism because socialism seeks to care for the needs of all the people; whereas capitalism is selfish and only looks out for the individual. But what does God’s Word say about these two opposing philosophies? We first we need to define the terms “capitalism”; it is an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision,…

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