Acton Institute Powerblog

PowerLinks 05.22.13

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Economics, Politics, and the Kingdom of God
Anne Bradley, Institute for Faith, Work, and Economics

The journey we are on in life matters for the future we are building. It matters for the work God has called us to accomplish.

Cronyism: Companies like Amazon, Craigslist Use Government to Crush Competition
Rich Tucker, The Foundry

Cronyism comes in many forms, but it depends on companies using the power of the government to help them make money by blocking out competition.

State Department Splits with USCIRF on New Religious Freedom Violators
Melissa Steffan, Christianity Today

State Department’s 2012 International Religious Freedom Report highlights continued rise of anti-conversion laws as noteworthy, ‘worrying trend.’

Respecting, Not Worshipping, Free Markets
John Murdock, Values & Capitalism

One temptation for many religious types on the Right—accustomed to running in circles that confusingly mix and mingle strictly-business interests with the politics of piety—is to assume that capitalism can operate independent of higher values.

Joe Carter Joe Carter is a Senior Editor at the Acton Institute. Joe also serves as an editor at the The Gospel Coalition, a communications specialist for the Ethics and Religious Liberty Commission of the Southern Baptist Convention, and as an adjunct professor of journalism at Patrick Henry College. He is the editor of the NIV Lifehacks Bible and co-author of How to Argue like Jesus: Learning Persuasion from History's Greatest Communicator (Crossway).


  • RogerMcKinney

    This is my response to Values and Capitalism’s “Respecting not Worshipping free Markets:

    Free markets are intrinsically good because they protect private property, an important Biblical principle. Property requires freedom to use and dispose of it as the owner sees fit. That is the definition of property. Property without control is not property; it is a ruse.

    Free markets create just prices. Modern Christians have completely forgotten the centuries long debate over the “just price” that theologians worked on. Church theologians determined that the closest approximation to a judge price can be found only in a free market.

    But let’s assume that property and just prices don’t matter and the state must control the market and force participants to act morally. Who will control the markets? Politicians are no more honest than business people. Politicians are elected from among the same people they are supposed to control. The point is, the market may not produce the outcomes arrogant intellectuals think they should produce, but no other set of humans can do it any better. It’s a non sequitur to assume that because market participants fail politicians can succeed. Politicians are not omniscient angels.

    The whole point of Adam Smith was that competition in free markets control the behavior of business people far better than politicians, who are just as corrupt, greedy and money grubbing as the business people.