“For all have sinned, and come short of the glory of God;” (Romans 3:23). “...they are all together become filthy: there is none that doeth good, no, not one.” (Psalm 14:3). “But we are all as an unclean thing, and all our righteousnesses are as filthy rags...” (Isaiah 64:6). If you do not get the point of these passages of scripture you simply do not want to; all men are evil.
Because men have needs and desires economic systems have grown up to govern the creation and delivery of these needs and desires. The ethical character of these economic systems can only be based on how they relate to the ethics of the men involved. Of course in this forum it has been determined that ethics must be founded on the revelation of God Almighty.
So how do the 3 major economic systems stack up in relationship to man's evil nature and God's Word? There are 3 issues one should consider to answer that question. First, how does the system relate to private property? Second, how does the system relate to voluntarism? Finally, how does the system relate to man's evil nature.
You need only consider the 8th and 9th commandments to understand the sanctity of private property. You should also consider how scripture handles the relationship between the master and slave. So how do the major economic systems view private property, and the Biblical work ethic? Capitalism and fascism both value private ownership of the work of ones hands. Socialism on the other hand places no value on private property and seeks to distribute property based on need rather than involvement in the production of the property.
II Corinthians 9:7 addresses the issue of voluntarism. “Every man according as he purposeth in his heart, so let him give; not grudgingly, or of necessity: for God loveth a cheerful giver.” To further drive home this point please consider the gospel itself. Though God requires faith and repentance from evil man in order to spend eternity with Him in Heaven, He allows evil man to choose to go to Hell.
Now how do the various economic systems relate to the voluntarism issue? Capitalism alone stands in agreement with the Biblical standard of voluntarism. Under both Socialism and Fascism men are compelled by the state to employ his property in accordance with the standards set by the men in charge. Do not forget that those men, too, are by nature evil.
Finally, all 3 systems of economics are going to be populated by evil greedy men. Men who, by nature, will act in their own self interest. What are the implications within the economic systems of the fact that men will act in their own self interest. Socialism and Fascism elevate some men to stand in authority over other men. These men are, by nature, going to act in their own self interest. They are going to act out of greed. Because they have the power of the sword (Romans 13:4) they will be able to wield that sword, often to the detriment of those under their jurisdiction, to act in a manner that benefits those in authority.
Capitalism, on the other hand, encourages men to act in such a manner that benefits others. Because in a Capitalistic system, unencumbered by self serving regulations each man voluntarily enters into business relationships with others. In a Capitalistic system in order to satisfy ones self interest he must offer products and services that satisfy the self interest of others.
Though no system, in which men are involved, is perfect, a system that allows the least coercive power is more desirable than systems which are dependent upon coercive power. Yes, Capitalism is evil. So is Fascism and Socialism. By relying on the selfishness of one to mitigate against the selfishness of another Capitalism uses man's evil nature to create good for most. Relying on God's Word as the foundation for the “greater good” it appears that Capitalism is the ticket to the greater good.