The essence of democratic socialism is this re-written version of God's commandment: "Thou shalt not steal, except by majority vote."
When a Nation adheres to the judicial specifics of the Bible, it produces free market capitalism.
On the other hand, when a Nation rejects the judicial specifics of the Bible, it produces socialism or some politically run hybrid "middle way" between capitalism and socialism, where politicians and bureaucrats make the big decisions about how people's wealth will be allocated. Economic growth then slows or is reversed. Always.
Free market capitalism produces long-term economic growth. Socialism and middle-way economic interventionism by the state produce poverty and bureaucracy. If your goal is to keep poor people poor, generation after generation, you should promote socialism.
The Bible is an anti-socialist document. Socialist propagandists for over four centuries have claimed that the Bible teaches socialism, but we have yet to see a single Bible commentary written by a socialist. If the Bible teaches socialism, where is the expository evidence?
The next time you hear someone say that the Bible teaches anything but free market capitalism, ask him or her which Bible commentary demonstrates this. You will get a blank stare followed by a lot of verbal tap-dancing about "the ultimate ethic of the Bible" or "the upholding of the poor in the Bible." You will be given a lot of blah, blah, blah. Blah, blah, blah is not a valid substitute for biblical exposition.
Fact: There has never been an expository Bible commentary that shows that the Bible teaches anything other than free market capitalism.
