Shane Raynor is discussing the recent statement by the UMC General Board of Church and Society on the American financial crisis. He questions the GBCS' causal link between health care costs and the credit shortage, but I'm more curious about the conclusion of the document:
The financial bubble has burst. Corporate greed must be replaced by the biblical mandate of stewardship. All we have is ours “on loan” from God to be used for good in this world. John Wesley’s mandate to “do no harm” is violated when we prey on the vulnerable.
The Administration and Congress must devise legislation that embraces our whole society. Let’s pray our elected officials act with wisdom in this crisis. Please contact your Members of Congress to insist they devise a just and equitable response to the financial crisis.
As I've previously written about the Biblical view of property rights, all the earth is indeed God's, but that is not a propertarian basis for government taking "measures that would reduce the concentration of wealth in the hands of a few." God has the sovereign right to redistribute property, but the GBCS does not provide a sound argument that government may do so.