Why The Left Hates Private Wealth

Much of the hostility toward private wealth comes from the same impulse: hatred of its ability to insulate the citizen from the will of the state. Money empowers resistance; it gives one the ability to buy some gold coins, for example, and thereby hold a measure of independence from the monetary monopoly of the state; to send children to a private school and avoid the brainwashing of the public education monopoly; to open a foreign bank account and provide oneself with protection against legal confiscation schemes. Propaganda alleging the immorality of inherited wealth is also a reflection of the assault on the family. Before he dropped into noumenal oblivion, Charles Reich wrote that private property “guards the troubled boundary between individual man and the state,” but that there is a new wealth that has replaced it, one dispensed in myriad forms by the state. Increasingly, therefore, “Americans live on government largesse – allocated by government on its own terms, and held by recipients subject to conditions which express ‘the public interest.’ ” People who are thus described are more likely to be compliant servants of the authorities than are those who earn their living by giving value to private citizens who prize what they have to offer.

Idols for Destruction – Herbert Schlossberg

The Resistance – Unholy Dualism – Part 3B – Economics

Statement 4: On Economics

What about Economics? How is our dualism seen here? Again many Christians do not think the Bible has much to say about Economics, when in fact, it is a central topic of Scripture. This is going to be a longer section because to the degree this topic has been neglected or dealt with superficially we ought to correct common unbiblical assumptions on wealth.

God created mankind for dominion over the earth. We were designed to rule over it and develop it and build a God-honouring culture. Wealth is an integral part of this. As early as Genesis 2 we see that God has placed gold nearby ready for his vice-regents to find. Although ultimately owning everything, God plainly approves of private property and disapproves of the confiscation of this property. We see this implicit in the Ten Commandments numbers 6 through 10. It is wrong to steal a man’s life, his wife, his property, his reputation or even to enviously covet what he has.

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State Control and Economics

The principal effects of state economic control are familiar…they politicize life and provoke tension. They restrict the movement of people, ideas, commodities and financial resources. They curtail the volume and diversity of external contacts, and inhibit productive capital formation and obstruct both economic change and the effective deployment of human, financial and physical resources. They divorce economic activity from consumer demand…Their operation confers monopolistic or windfall profits and benefits on some people and inflicts losses on others…

P T Bauer, Equality, the Third World, and Economic Delusion quoted in The Poverty of Nations by Wayne Grudem and Barry Asmus

Wilson on Socialism

Grinding poverty can certainly come about through natural disasters – famines and so on – but the thing we really need to be on guard against is organized and coercive poverty, by which I mean socialism. Socialism is the drive to control the free choices of other people, especially in the future, in order to prevent them from doing things that seem stupid to the self-appointed organizers, but which will lead to staggering wealth, or so the organizers say, three generations from now.

Douglas Wilson – Ploductivity