Bedrock Economic Principle

Proverbs 11:24 (KJV) There is that scattereth, and yet increaseth; and there is that withholdeth more than is meet, but it tendeth to poverty.

I don’t know if you would call it a principle of capitalism or laissez-faire economics, but there is an important foundation here for why some cultures work and prosper and others stagnate.  The so-called robber baron understood this.  For all of the criticism they receive the overall effect of what they did benefited the nation and mankind.

Why is it important to pay your employees an adequate salary?  The God-given principle is that when you distribute profits fairly it will benefit everybody including yourself.  An example of that it would be that a person like Henry Ford knew that if his employees could not afford to buy his car, then he wouldn’t sell many cars.

One of the features of Third World countries and one of the results of socialism is that most of the wealth ends up in just a few hands and everybody else lives in the gutter.  In free enterprise you still have the wealthy but everyone benefits.

So?  You may not run a big company, but you might employ someone to do some house work for you, to mow your lawn, to wait on you in a restaurant.  Make sure that you are sharing the wealth that God has blessed you with.  It will benefit everyone, including yourself.