Does the Bible support Socialism, or Capitalism?

I've had people ask me about how I can say that the Bible supports capitalism instead of socialism. Romans 13.1-7 LIMITS government. It does not expand government to be the savior, or the great equalizer. Government should be submitted to the laws of God. That was the whole purpose of the Constitution.

"The powers delegated by the proposed Constitution to the federal government are few and defined. Those which are to remain in the State governments are numerous and indefinite." --James Madison, Federalist No. 45

That is the perspective of the Bible. It takes some digging, but if you want to know more, let's start with a real easy video to get some understanding. This is not a "Christian" video. But, it does lay some good groundwork to be able to discuss a more biblical form of government.Obviously, this topic is so needed for anyone who is wanting to follow Christ. It is one of the biggest topics of the day, and Christians should be able to give a scriptural answer.

I realize that not all people will even care about what the Bible has to say. That person is coming from what is called a "Humanistic" point of reference (truth is up to the individual to define). In other words, every man gets to decide for himself what is good or bad, right or wrong, beautiful or ugly.

I will not take the time here to point out the incoherance of relative truth, but only to say that the one who says, "There are no absolutes," cannot make that statement... that statement is an absolute statement. Hence... the self defeating position.

Therefore, pick your position of authority. Is it statistics? Is it your mother and father? Is it the book of Mormon? Is it whatever the government or society says? My authority rests upon Jesus Christ (John 14.6). If you ask me why something is right or wrong, I will say, "The Bible says..." That is my source of authority. It is absolute. It includes all people, everywhere, for all time.

http://www.youtube.com/watch?v=y43a6BsNQb4&feature=related