COGaIC: Who Killed Capitalism?

In an article titled Who Killed Capitalism? posted this week, COGaIC’s Steven Orchard wrote:

“Capitalism is dead,” said Steven Brant of the Huffington Post. If it isn’t, it is certainly badly injured. Financial markets are frozen. Credit has evaporated. It seems our economic system is teetering on the brink of collapse. Jeremy Siegel, finance professor at the University of Pennsylvania´s Wharton School of Finance commented, “Two weeks ago was the first time in my life that I was worried about the very stability of the United States financial system.”

So who is ultimately to blame for this crisis?…

So who killed capitalism? We all did. Everyone played a role in creating this crisis—admittedly some more than others. So there’s little point bickering now.

Opinions on how best to prevent further problems—or worse, a recurrence—will vary. Tighter regulation and legislation will no doubt play a role, to the dismay of some and the relief of others. But we cannot regulate away this problem because capitalism, like democracy, is flawed, as is our ability to legislate human nature.

Our systems are inherently unstable because they rely on an unstable source of authority—us. Capital markets are supposedly disciplined by the “invisible hand,” the notion that an individual pursuing his own self-interest tends also to promote the good of his community. But the carnage created by our increasingly dramatic cycles of greed and fear suggest that the “invisible hand” of self-interest cannot save us.

Perhaps we should consider reliance on an authority greater than ourselves—an invisible hand that is both benevolent and omniscient. What the world needs now is a cool head, a commitment to move forward, and the character to temper our self-preservation instincts.

Now I disagree that “we” all killed capitalism (nor do I agree that capitalism is dead). However, other parts of his article (which I left out for brevity’s sake) were correct that indicated the current problems and financial crises are due to business, governmental, AND personal greed.

Also, I should add something that the article leaves out. And that is that God promised to bless the descendants of physical Israel (the identity of which many do not understand today, please see Anglo – America in Prophecy & the Lost Tribes of Israel) if they obeyed Him (Deuteronomy 28:1-14) and curse them if they refused and sinned (Deuteronomy 28:15-68). Notice some of the promised curses:

15 “But it shall come to pass, if you do not obey the voice of the LORD your God, to observe carefully all His commandments and His statutes which I command you today, that all these curses will come upon you and overtake you: 16 Cursed shall you be in the city, and cursed shall you be in the country…

20 “The LORD will send on you cursing, confusion, and rebuke in all that you set your hand to do, until you are destroyed and until you perish quickly, because of the wickedness of your doings in which you have forsaken Me…

43 The alien who is among you shall rise higher and higher above you, and you shall come down lower and lower. 44 He shall lend to you, but you shall not lend to him; he shall be the head, and you shall be the tail. 45 Moreover all these curses shall come upon you and pursue and overtake you, until you are destroyed, because you did not obey the voice of the LORD your God, to keep His commandments and His statutes which He commanded you (Deuteronomy 28:15-16,20,43-45).

Those that have benefited from the blessings promised to the children of Abraham, Isaac, and Jacob (Israel) should not be shocked when because of their growing blatant disobediance, that they will suffer the consequences (some of which were promised when some of the blessings were promised).

However, despite outward appearances, which we need to be cautious about (cf. 2 Corinthians 10:7), the end is not yet and cannot be yet.

Articles of possibly related interest may include:

Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British, Scottish, Welsh, Australians, Anglo-Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States?
Can the Great Tribulation Begin in 2009, 2010, or 2011? Can the Great Tribulation begin today? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord?
End of Mayan Calendar 2012–Might 2012 Mean Something? There is a Mayan calendar prediction for change in 2012. 2012 changes were also centuries ago predicted by the Hopi Native Americans (the Hindus may have some predictions for the next decade as well). Do these Mayan/Hindu/Hopi prophecies have any value? Why might Satan have inspired this date? Does the Dresden codex show destruction of the earth by flood? Can the great tribulation start before 2012? What does the Bible teach?
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? When does the six thousand years of human rule end?
Are the Ten Commandment Still in Effect? This article quotes the ten commandments and combines some of the previous articles into one article about the ten commandments. The commandments are shown at Mount Sinai, before Mount Sinai, in the teachings of Jesus, after the crucifixion, and in the teachings of Paul. It addresses the most common “traditions of men” regarding them as well.
Were the Pharisees Condemned for Keeping the Law or Reasoning Around it? Many believe that the Pharisees were condemned for keeping the law, but what does your Bible say? If they were not condemned for that, what were they condemned for?
The Ten Commandments Reflect Love, Breaking them is Evil Some feel that the ten commandments are a burden. Is that what Jesus, Paul, Peter, James, and John taught?
Was the Commandment to Love the Only Command? Some have stated that John’s writings teach this, but is that what the Bible really says?
The Ten Commandments and the Early Church Did Jesus and the Early Church keep the ten commandments? What order were they in? Here are quotes from the Bible and early writings.