On this episode of 20Twenty, Alex Cook joined us to explore some big questions around economics, politics and faith. Founder of Wealth With Purpose, Alex is a financial planner, who has a deep conviction that the Bible holds the answers to our economic challenges.
“Australia’s prosperity is absolutely guaranteed to decline unless we reverse course,” Alex said. “We’re heading down a path of growing government control, rising taxes and regulation across every sector. It’s no longer capitalism. It’s cronyism. And it’s weakening our nation.”
Where Are We Headed?
“Australia’s economy is softening. GDP growth is weak—just 1.3% year-on-year and only 0.2% in the last quarter. Inflation is slowing, which is good, but we’re still facing sector-specific struggles in construction, retail, and more.”
On the global stage, Alex believes that “uncertainty around trade wars, geopolitical tensions, and wars in the Middle East are creating instability. When major nations weaken economically, leaders often seek external scapegoats. That’s when conflict escalates.”
Alex said, “If Iran closes the Strait of Hormuz—where 20% of the world’s oil passes—it could cause a spike in fuel prices and ripple across every sector. We still live in an oil-dependent world.”
Capitalism Encourages Competition
The heart of the conversation centred around economic ideology. Should Christians support socialism, capitalism, or something else entirely?
“My concern is that many Christians are starting to buy into socialism because it sounds compassionate. But sounding compassionate isn’t the same as producing good outcomes,” Alex said. “True compassion enables human flourishing.”
He defined socialism as government control over major industries and wealth redistribution. “That may sound fair, but it removes incentive, stifles innovation, and ultimately leads to more control and less freedom.”
On capitalism, Alex said, “At its best, capitalism encourages competition, drives innovation, rewards effort, and allows private property. But when it becomes cronyism—where favours are traded between big business and government—greed takes over and trust is lost.”
What Makes a Christian Economy?
Alex encourages believers to embrace and support biblical principles.
- God owns everything – “The resources we have ultimately belong to God. We are stewards, not owners.”
- Justice and equality under law – “Everyone should be treated fairly. That’s foundational to a functioning society.”
- Caring for the poor – “The Bible commands it. But it should be voluntary, not forced through government policy.”
- The dignity of work – “God created us to work. A Christian economy enables people to find value in their God-given calling.”
- Generosity over greed – “Business can create incredible good when led by people with the right heart.”
“We don’t need more government intervention. We need the Churches to rise up, meet needs, and provide a godly example.”
Listen to Alex’s full interview below:
