In this position, he was one of the staunchest supporters of redress and reparations for Japanese American internment during World War II. Constitution to apply equal rights based on gender differences.
Biblical Capitalism in Uncertain Economic Times September 29, The recent dramatic events surrounding our economy and its regulation raise huge questions Freddie mac ethics essay every American.
Indeed, citizens of capitalistic societies throughout the world may find this blog of interest. It should also raise issues about how Christians should join in the debate. The purpose of this essay is to begin a discussion as to how to define Biblical Capitalism.
Often, putting Scriptural principles to work is a matter of inference rather than direct command. Certainly this is true here. First, we must deal with a basic issue of whether capitalism itself is fundamentally biblical at all.
Some liberal Christians have argued that indeed it is not biblical! They point out how harsh capitalism can be on those who fail, and question whether such a harsh system could be biblical. They also point specifically to Acts 2: Indeed, in the second passage it may appear that Ananias and Sapphira were actually killed by God for holding back land sales proceeds from the group!
Regarding the example in Acts, the notes in the Reformation Study Bible point out that this example of Christian giving was voluntary, not compulsory Acts 5: Further, Ananias and his wife had the right to keep all of the proceeds from their land since the land and the money was theirs Acts 5: Ananias was killed by God not for withholding his money from the church, but for lying Acts 5: So this example clearly seems to be taken out of context and misapplied by liberals.
Here is some further comment on this: Does the Bible Support Communism? Conservatives argue that the Bible is firmly in the camp of private property rights, which is the center point of capitalism. We remember, beginning with the Ten Commandments: These commands and elsewhere in the Bible we note confirmation of private property rights.
It is noted that communisim, the antithesis of capitalism, requires by law of the state that all property be held in common. There is no such concept in the Bible.
Karl Marx said, "The idea of God is the keynote of a perverted civilization. It must be destroyed. The issue of the harshness of capitalism in many situations must also be addressed.
We cannot help but observe that while capitalism is indeed harsh at times, it has produced far better results than any other system.
The inherent blessing of socialism is the equal sharing of misery. Capitalism is indeed, the most compassionate system. Further, DiLorenzo argues that despite the oft-repeated claims of anticapitalists, capitalism actually reduces income inequalities within a nation as well. And the opposite is also true: For a recent and very real example, the whole mortgage mess is traceable to two government interventions: Both of these efforts were done with the best of intentions!
However, we suggest that there are issues of compassion that may mitigate DiLorenzo's strict conclusions. In attempting to develop a concept for Biblical Capitalism, we note certain principles from Scripture: We don't own it.Freddie Mac’s Code of Conduct is the guide for how we should serve our mission and conduct our business.
The Code reflects our commitment to pursue our daily activities Ethics Helpline (leslutinsduphoenix.com or () CODE ()).
A report from NPR and ProPublica is raising concerns about a conflict of interest within Freddie Mac. The outlets point to public documents from and that show the taxpayer-owned mortgage. Biblical Capitalism in Uncertain Economic Times. September 29, The recent dramatic events surrounding our economy and its regulation raise huge questions for every American.
Archives and past articles from the Philadelphia Inquirer, Philadelphia Daily News, and leslutinsduphoenix.com Fannie Mae and Freddie Mac Ethics issues Ethics issues of these two firms are perhaps the greatest mortgage crises that have ever happened in the United States.
This Essay discusses conflicts of interest and government ethics, not the (GSEs), most notably Freddie Mac and Fannie Mae, contributed significantly to the level of risk and used political clout and skilled lobbying to impede efforts to curtail their activities An Essay on Conflicts of Interest and Ethics.