January 24, 2021
2 Corinthians 2:11 so that we would not be outwitted by Satan; for we are not ignorant of his designs.
Socialism is “an economic system based on governmental or communal ownership of the means of production and distribution of goods and services.”
Communism is “the Marxist idea of a classless and stateless utopian society in which all property is commonly owned and each person is paid according to his abilities and needs.”
Capitalism/free enterprise is “an economic system in which capital assets are privately owned and prices, production, and distribution of goods and services are determined by competition within a free market.”
See Sermon Notes for more information.