Does the New Testament Promote Socialism?

Does the New Testament advocate communal living or a form of economic socialism? Those who believe it does point to Acts 2:44-45, where Luke wrote, "Now all who believed were together, and had all things in common, and sold their possessions and goods, and divided them among all, as anyone had need" (NKJV). Does this mean Apostolic Pentecostals should abandon modern capitalism and adopt a socialist model?Dr. David K. Bernard responds to this frequently asked question by exploring what was hap...