Why Free-Market Atheism is Loathed

The very first field in the West to completely cut God off was not mathematics, but economics. “For Mammon is a jealous god…”

Yet, even though Right-Wing Enlightenment flavours freedom under atheistic-secularist cover delivers the goods, it lacks any moral foundations, and so the general population rightly doesn’t trust it.

While the Left-Wing Enlightenment has no more time for God than the Right-Wing, they are much more willing to use moralizing language to justify their power-grab… and the public, eager for some moral justice, laps it up.

To quote extensive from Gary North, in his book Christian Economics: Teacher’s Edition:

Christian economics denies that the economy is autonomous. It also denies that economic laws are autonomous. Everything is providential.

Humanistic economists see the economy as autonomous. They see all law as autonomous: economic law and natural law. Law is not created by God. Economic laws are not really laws, they insist. They are patterns imposed by scarcity and men’s interactions with scarcity, including civil laws. These explanations are not convincing to most people. Most people want to believe that the world is governed by ethical cause and effect. They want to believe that there are moral laws, not just statistical patterns. They want to believe in God, not an autonomous universe. is is why they are attracted to humanistic statist economists who preach that the economic world should be operate in terms of moral purpose. Humanistic free market economists deny all this.

They find that most people do not believe them.

[…]

Here are the covenantal questions.
1. Who’s in charge here? God, autonomous individuals, or the state?

2. To whom do I report? The free market or the state?

3. What are the rules? Private property rights or central plan targets?

4. What do I get if I obey? Profits or a medal?

5. Does this outfit have a future? On what basis?

There is no agreement on the answers to these questions. The answers are a matter of worldview. They are a matter of faith.

The Lord and God of the actual universe rewards those who obey Him, in truth and love and an unshakable faith.

Other Lords and other Gods claim to do the same. They may even succeed, for a time. (Even North Korea outperformed South Korea until the early 70s!)

And then the long-term, inescapable consequences of their idolatry kicks in. At the end of the day, the State simply doesn’t have the cash or the power to hold back God’s Law-Word for all time.

And in the meantime, the prices of their earlier mistakes — mistakes the prideful leaders of the nation don’t like to repent of, or even admit they were mistakes — keep on piling up.

All debts incur interest, financial or otherwise. And all debts will be paid in full, financially or otherwise.

I have built a case for economic coherence in terms of an analogy: an auction. But I have argued more than this. I argue that a local auction is a microcosm of the international auction known as the free market. Put differently, the microeconomics of a local auction is the macroeconomics of the free market. The reason why microeconomics is a valid representation of macroeconomics is because there is only one system of economics. It applies locally and internationally because its organizing principles are the same: private property, open entry, and the legal right to make a bid. The fundamental operational principle of an auction is this: high bid wins.

The heart of the auction process in the free market is the profit-and-loss system. There is a system of bidding: buyers vs. buyers, sellers vs. sellers. Out of this system comes an array of money prices. These prices reveal the limits of human action. Everyone asks himself: “What can I afford to pay?” People have subjective preferences. People order these hierarchically: first,second, third. People’s subjective preferences are limited by objective prices.

People look ahead. They plan for the future. They buy and sell in the present as a way to deal with the future. Out of these plans come profits and losses. For the buyer, a profit is found when he pays less than what he was prepared to pay: consumer’s surplus. For the seller, profit is a net return after all expenses have been paid: seller’s residual. The quest for profit drives the free market economy. Profits are positive sanctions. Losses are negatives sanctions. These sanctions determine winners and losers. This system of sanctions is inherent in the free market. They are endogenous. They are not applied from any institution outside the free market. They appear to be autonomous. They are not autonomous, as I showed in Chapter 12 of the student’s edition.

Christian economics shows that a higher morality undergirds the market process. The market does not rest on autonomous and non-moral patterns. It rests on the laws of God against theft.

Conclusion

If you want to understand the differences separating the rival schools of economic opinion, start with this premise: “ e high bid should win . . .most of the time.” Pay attention to the qualification: “most of the time.”Why not all of the time? Here is where self-professed ethically neutral economists sneak ethics into their analyses.

The wise Christian will make a special note of this paragraph, which is worthy of bolding:

Christian economics shows that a higher morality undergirds the market process. The market does not rest on autonomous and non-moral patterns. It rests on the laws of God against theft.

The Divine laws against theft are in force, always.

(Adam Smith — as a good Right-Wing Enlightenment Man —  grew to increasingly avoid Divine Law: that’s why the Wealth of Nations is grounded in the division of labour, and not the real foundation of economics, property & ownership rights and the laws against theft.

“The better to avoid the question, Whose the Original Owner? and Who Created the LAws Against Theft?”

This misdirection immediately led the Left-Wing God-haters to declare “A bureaucracy of well-trained professionals can better allocate resources than the free market!”

And thus, the rise of Communism, the Welfare State, and all the rest of the lies, oppression, and murder Adam’s Smith’s wilful error led to.

Straight from the time Eve (and then Adam) stole the fruit from a certain tree… up through the time the Aristocracy rewrote the laws of the country to legalize their crimes of theft, murder, perversity, and corruption… right up to today’s “theft by majority vote” Collectivists (both left and right wing).

The Laws of God are in full effect.

And how do I know this?

They are, slowly or quickly, enforced.

Christians today must prepare for the day their nations are bankrupted, as they refuse to pay the enormous debts they promised, and renegade from fulfilling their promises and obligations one way or another.

  • A few may openly default, but most will just eliminate their welfare payments. The truly poor will be cut off first, then the military, and then the middle class. The corporate welfare programs will be very last to go.

Christians must retain their liberty, and avoid the slave chains of long-term debt.

(Except, if with careful consideration, productive business debt. And maybe housing debt, if ti can be fully paid off in a short time, say seven years.)

Also, Christians must avoid being ensnared by welfare paychecks: those paychecks are based on lies and theft, and they will be cut off when you most need them. If the government offers you a pension, take it, but don’t trust it.

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