Discussion:

Have we codified systemic greed into our corporate governance and business practices? And if we have, how can we repent of this sin as a nation without upending our economy? Even if we could change our ways, are we willing? What if the church could start a movement back toward a biblical economy outside of the banking system, Federal Reserve and financial markets?

Thesis:

We have codified greed into our publicly traded company’s business practices and corporate governance structures in the name of “profitability” and “shareholder’s interests”. Further, we have likewise codified much of the same greed in any private enterprise, which has taken in investor’s capital (in equity or debt form) that requires conforming to the same return characteristics on that capital, especially if the goal is to “go public” or be sold for gain. This is the nature of modern “private equity” and “venture capital” ideals and objectives.

The bible says: “Do not charge interest, nor profit from the poor. I am the Lord.” Lev 25; Prvb 28. Do our companies heed this command? Subprime lending cos? Cable TV cos? Cell phone cos?

Proposal:

A few weeks back in the Separation or Integration of Church and Business discussion, we proffered a new idea (see Thesis II), which we now turn into a proposal of a movement:

The most impactful engine for socio-economic improvement, social justice, serving the poor, building up neighborhoods, giving people access to good jobs and education is business itself. It’s not the government. It’s not even churches. We would argue, business done well under God literally creates healthy economy, creates jobs, creates a type of family, demonstrates the gospel with deeds not just words, creates opportunity, and glorifies God. As Christians come together and serve the community together through our businesses, joined together in unity, loving our neighbor as ourselves, I believe there is no greater force of good that can be unleashed on a nation, region, state or city. Lastly, I believe the only viable platform to achieve this properly are privately owned companies (not publicly traded ones), funded by capital that is not attached to the traditional financial markets, banking, venture or private equity systems and influences. All such capital all comes with “strings attached” and a return on capital expectation as the top priority, really the only priority if we are honest (and therefore becomes the object of worship).

In this way we can be a city shining on a hill – Matt 5:15