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Think Biblically: Conversations on Faith & Culture

The Virtues of Capitalism, Part 2 of 2

Think Biblically: Conversations on Faith & Culture

Talbot School of Theology at Biola University / Sean McDowell & Scott Rae

Talbot, Church, Christianity, Christian, Culture, Biola, Sean Mcdowell, Religion & Spirituality, Scott Rae, Think Biblically

4.81.3K Ratings

🗓️ 3 March 2026

⏱️ 40 minutes

🧾️ Download transcript

Summary

Should Christians support capitalism? How effective has capitalism been in elevating people out of poverty? In this episode, which is the second part of a two-part series, Sean and Scott lay out the positive case for capitalism (aka, market economics). In the first part of this series, they offer a critique of socialism. In this episode, they advance a moral and biblical case for free markets and they respond to the most common objections. Scott's 2010 book on this subject is called The...

Transcript

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0:00.0

What are the virtues of capitalism, better referred to as market economics?

0:08.0

Should Christians be capitalist?

0:11.0

Scott, people have asked us to talk about this.

0:13.0

You wrote a book called The Virtues of Capitalism, which makes your position clear.

0:19.0

This is part two.

0:20.0

Let's hope so.

0:21.0

In part one, we did a critique of a book about why Christians should be leftist.

0:25.7

Now we want to kind of give a positive moral case for why Christians should embrace market

0:31.7

economics.

0:34.0

Now, with that says, I'm really curious, is socialism making a comeback?

0:38.0

And why do you think it is?

0:40.9

Well, I think it is making a comeback, but among Gen Z.

0:46.6

And the reason is because I think of historical myopia.

0:51.8

Fair enough.

0:53.7

You know, I grew up in the, you know, I was born in the 50s, grew up in the 60s and

1:00.0

70s at the height of communism and watched, you just watched it fail.

1:05.0

In fact, I was, in 1972, I was in Czechoslovakia, and I watched what socialism had done in the country.

1:16.3

Sean, you'd be amazed at the number of people who were standing around doing nothing

1:22.0

and being paid virtually nothing for it.

1:27.2

And the number of people who were under-employed

1:31.9

was just staggering. And the lack of the lack of goods on the shelves, I mean, it was clear

1:40.1

that the system was failing. I saw that personally, by the way, going to Russia 13 times,

...

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