Everyone favors the freedom of competition . . . until they think theyre going to lose! A new book published by www.Authorhouse.com, (The Economics of the Kingdom of God, 230 pages) and written by economist James A. McCune, uses Biblical economic law to show that todays brand of capitalism has systemic defects that will ultimately result in its failure. The handwriting is already on the wall," says McCune.
Princeton, NJ (PRWEB) May 12, 2005 -- May 10, 2005. Everyone favors the freedom of competition . . . until they think theyre going to lose! A new book published by www.Authorhouse.com, (The Economics of the Kingdom of God, 230 pages) and written by economist James A. McCune, uses Biblical economic law to show that todays brand of capitalism has systemic defects that will ultimately result in its failure. The handwriting is already on the wall," says McCune.
As Americans weve all been taught to believe that Christianity and Capitalism go hand-in-hand. Free to choose, Free to be all we can be, and just about any other freedom seems to somehow be wrapped up in the phrase Democratic, free-market capitalism." But the books author, James A. McCune, suggests our current system doesnt quite have it right: Make no mistake, the Bible favors free markets, but it also requires very important safeguards to make the system work for everybody, safeguards that arent a part of our system today." McCune continues, Not only is capitalism as its practiced today not Biblical, it only works well when three important conditions are present: (1) There must be reasonable prosperity, (2) There must be a reasonable balance between the supply and demand for labor, and (3) There must be a reasonable balance of power between the major global players."
The 1950s through the 1970s were the heyday of capitalism, but since then all three of the important conditions for capitalisms success have been eroding rapidly," says McCune: China is in the process of teaching us Americans how to play our own game . . . and its getting close to face-grinding time." In Chapter 8 of The Economics of the Kingdom of God (The Seven Foundational Pillars of a Sound Economy) Mr. McCune describes how capitalism is missing two of the seven critical pillars the Bible says an economic system must have to be sound: Capitalism shows little concern for pillar #3, Distributive justice with dignity, and absolutely none for pillar #5, Vehicle for the poor to recover. The alarming rise in homelessness over the past 20 or so years is proof positive that our system isnt coping well with the stress of global competition . . . and its only going to get worse."
In The Economics of the Kingdom of God (available from www.authorhouse.com) McCune goes to great lengths to explain our current dilemma: There is a largely unspoken process in the works today in America – spearheaded by the United States Congress and its relentless pursuit of free trade -- of exporting labor income (jobs) in return for importing capital income (profits and stock, bond & bill investments). I guess the timing will work out about right" says McCune, so that when all the $15 an hour jobs in America are gone, the Chinese will be ready to step into the role of the worlds primary consumer marketplace!" Yes, there will be many more millionaires in the U.S. by then, concedes McCune, but according to him the middle class will be bumped down into the lower class, and the lower class will be living in the vestibules of New Yorks Penn Station – and all the while gross domestic product wont even hiccup! Every time man goes his own way without utilizing Gods wisdom," concludes McCune, it ultimately comes unraveled . . . and democratic, free-market capitalism will be no exception."
To learn more about The Economics of the Kingdom of God, and how 3,500 year old laws in the Bible contain solutions to mans modern economic problems, go to www.authorhouse.com and do an author-search for James A. McCune." The book's ISBN # is: 1-4184-4647-5. You can also click on the pdf file attached in the right margin to view the books Table of Contents.
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