Capitalism is biblical and the left-wing naysayers who claim otherwise should be ignored, says a 40-year veteran of Wall Street.
That is what Charles Mizrahi, editor of Alpha Investor Report, writes in a column for Real Clear Religion.
"Dating all the way back to Abraham," he writes, "wealth and prosperity were signs of blessings from God. That theme continued throughout the Bible with Isaac, Jacob, and Solomon all achieving wealth that was considered a clear indicator of divine favor."
Mizrahi, a senior analyst at Banyan Hill Publishing, tells OneNewsNow that Biblical capitalism works because the Bible commands those with means to be generous to those in need. He points out 70 percent of all charitable giving in the U.S. flows from willing individuals, which lines up the biblical mandate to help your neighbors.
“In passages throughout the Bible,” says Mizrahi, “you see God described as generous and giving, not just to those whom He blesses, but for those who couldn't help themselves: the resident alien, the widow, the orphan."
As far as socialism and communism, the money expert predicts they always end up in the "dustbin of history" in failed countries where they are tried.
"They just don't work," he says. "Could you point me to one country where that worked?"
One example is Cuba, where the Castro family has done quite well in a nation enduring poverty where the average salary is $30 a month.