Category: Economic Freedom

LBJ’s so-called “war on poverty” kicked off a trajectory of public policy that has shown a remarkable tendency to create more of the same — affirming cycles of dependency, disintegrating relational capital, and over-elevating material tinkering to the detriment of the permanent things.

Yet somehow the prevailing narrative still holds that those same sickly policies are the best we can hope for, and anyone who disagrees is an enemy of the poor. If money shall be transferred from Person X to Person Y and the label on the packaging reads “anti-poverty!”, what else is there to discuss?

In a recent interview with Senator Tim Scott (R-SC), MSNBC’s Thomas Roberts assumes the common prejudice (4:11):

Roberts begins by pointing to a series of progressive measures that Scott has opposed in the past, proceeding to ask, quite presumptuously, “How do you respond to that, if your true concern is about lower income families and kids?” One can only be concerned for the poor if they subscribe to the very policies that have failed them, apparently. (more…)

Throughout Western developed nations, there is dawning recognition that robust protections for religious liberty can no longer be taken for granted. Less understood are the ways in which infringements of other political, civil and commercial forms of freedom can subtly undermine religious liberty. Businesses and other institutions of civil society now need to consider how the restrictions of religious freedom by governments throughout the Western world is likely to affect them.

Today the Acton Institute, in conjunction with the School of Business and Economics at the Catholic University of America, will hold a conference from 12 p.m. to 5 p.m. in Washington titled, “The Relationship between Religious & Economic Liberty in an Age of Expanding Government.” The event brings together leading clergy and scholars—theologians, philosophers, economists—to discuss this increasingly important issue, and the manner in which is affecting institutions ranging from business to church organizations.

If you’re in Grand Rapids, you can watch the event live in the Acton auditorium at 98 E. Fulton St. Details here. Or watch the live web stream beginning at noon on the video player after the page break. (more…)

“What would happen if instead of focusing on what we don’t have, we consider what God has already given us — our talents, our dreams, our motivations — and offer them back to Him as an act of worship?”

In a new video from HOPE International, we’re challenged to counter our tendencies to approach God through an attitude of lack and self-doubt (“if only I had x I would do y”), trusting instead that God has already given us exactly what we need to obey, serve, and flourish.

After reviewing a series of Biblical examples, we’re reminded that God routinely sparks the most miraculous transformations by beginning with the basic resources at hand, from a boy’s loaves and fishes to David’s sling to a widow’s jar of oil. (more…)

We’ve developed a bit of a backlog of audio to release over the course of the summer and fall, so today we begin the process of shortening that list by sharing some recent lectures from the 2014 Acton Lecture Series with you.

On August 26, Acton was pleased to welcome Ron Blue to Grand Rapids for an address entitled “Persistent Generosity.” Ron has spent almost 50 years in the financial services world and the last 35 working almost exclusively with Christian couples. What he has observed is that those who are long term consistent in their generosity exhibit three characteristics that have nothing to do with money: they are content, confident, and able to communicate with each other, their children, and advisors if they use them. In this address, Ron shares his personal experience and impressions drawn from 50 years in the financial sector, gives unique financial advice from a faith-based perspective, and shares the two questions that must be answered and one decision that must be made in order to exhibit the characteristics of persistently generous people.

On October 2, we welcomed Gerard Lameiro to the Mark Murray Auditorium to address an audience on the topic of “Renewing America and Its Heritage of Freedom: What Freedom-Loving Americans Can Do to Help.” In his address, Lameiro commented on what freedom is and what it is not, and then walked through a substantial, solid, and moral case for freedom, acknowledging that God is the author of all liberty and that truth, human dignity, and morality are inextricably linked to freedom. You can find more information on Lameiro and pick up a copy of his latest book (which shares the title of his lecture) at his website, and you can listen to him on the Radio Free Acton podcast right here.

unequal_soup_business_deskThe topic of economic inequality continues to be at the forefront of our current political discussions, thanks in no small part by a president who calls it “the defining challenge of our time.”

But although such concerns are more typically lobbed about rather carelessly and thoughtlessly — cause folks to fret over the “power” of small business owners and entrepreneurs in a mythological zero-sum market ecosystem — there are indeed scenarios in which the rise of such inequality ought to give us pause.

In his book Integrated Justice and Equality: Biblical Wisdom for Those Who Do Good Works, John Teevan challenges those former assumptions, noting the dangers of observing inequality at the surface (“the rich get richer!”) and the destruction of knee-jerk redistributionist policies. Yet he also duly recognizes that what lies beneath that surface can sometimes be rather nasty indeed.

We may not live in the landed aristocratic context of the French Revolution, but distortions to market forces are increasingly promoted, leading to lots of tiny barriers over the long run. When passed and implemented, these are bound to trap the downtrodden and further insulate the rich and powerful. Where the “rich get richer” in this type of setting, problems surely abound. (more…)

Liggio

Liggio

Almost 20 years ago I was invited to speak at the celebratory banquet for the Atlas Economic Research Foundation (now Atlas Network) and the Institute for Humane Studies, then celebrating their 15th and 35th anniversaries respectively. I was an alumnus of both and six years into the launch of the Acton Institute (founded in 1990). Both organizations considered me “successful enough” to reflect at the banquet on how each had influenced my life.

It was an undeserved honor, of course, but such was my gratitude to these institutions, that I accepted. The room was full of luminaries of the free market movement, and I was very conscious that Acton’s work was launched from the shoulders of intellectual giants.

One such giant there in the room that night, was Leonard Liggio, who died this past Tuesday at the age of 81. In reflecting on my sadness at his passing this week, I thought I would share my public comments I made about Leonard that evening 19 years ago:

It probably won’t surprise you to learn that it was none other than the great connector himself, Leonard Liggio, who really brought me into the free market fold. He wasn’t the first to introduce me to classical liberalism—that was Robert Sirico, who at the time was not yet ordained and was only an expectant father. But it was Sirico who introduced me to Leonard and the rest is history. If I’m not mistaken, we first met the night of January 16, 1986. That date wasn’t coincidental, Leonard and I were introduced at a private showing of an uncut, unedited 3.5 hour Italian version of Ayn Rand’s We the Living which had just surfaced more than forty years after Mussolini had ordered it destroyed. (more…)

Liggio

Liggio

The Acton Institute, and the free market movement, lost a great friend yesterday with the death of Leonard Liggio, the “Johnny Appleseed of Classical Liberalism.” Writing for Forbes, Acton board member Alejandro Chafuen described Liggio’s “deep and encyclopedic historical knowledge” and how he fruitfully brought that to bear on many projects and institutions. “His understanding of the evolution of legal institutions helped me and many others put our economic and policy arguments into a better perspective,” Chafuen wrote. He remembered how Liggio’s expertise and encouragement also played a crucial role in the formation of the Acton Institute.

In 1990, Manuel Ayau (1925-2010), the founder and late president of the Universidad Francisco Marroquín in Guatemala, asked Leonard and I to help him build the program of a regional [Mont Pelerin Society] meeting. Although the topic always led to major disagreements among classical liberals, we organized a panel on religion and liberty. We invited Father Robert Sirico to speak. That meeting led to conversations among us and eventually to the founding of the Acton Institute for the Study of Religion and Liberty. The co-founders, Sirico and Kris Mauren asked us to become founding trustees.

Chafuen pointed to Liggio’s deep faith: (more…)

Blog author: jsunde
Monday, October 13, 2014
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capterrorismThe Middle East is enduring yet another wave of terror and political change, spurring countless Western analysts and elites to offer their preferred strategies and solutions, most of which involve military force, foreign aid, or some mixture of the two.

In last weekend’s Wall Street Journal, Peruvian economist Hernando De Soto sets forth a less predictable path, arguing for “an aggressive agenda for economic empowerment,” similar to that which was promoted in Peru during the 1990s.

I know something about this. A generation ago, much of Latin America was in turmoil. By 1990, a Marxist-Leninist terrorist organization called Sendero Luminoso, or Shining Path, had seized control of most of my home country, Peru, where I served as the president’s principal adviser. Fashionable opinion held that the people rebelling were the impoverished or underemployed wage slaves of Latin America, that capitalism couldn’t work outside the West and that Latin cultures didn’t really understand market economics.

The conventional wisdom proved to be wrong, however. Reforms in Peru gave indigenous entrepreneurs and farmers control over their assets and a new, more accessible legal framework in which to run businesses, make contracts and borrow—spurring an unprecedented rise in living standards… Over the next two decades, Peru’s gross national product per capita grew twice as fast as the average in the rest of Latin America, with its middle class growing four times faster.

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Blog author: ehilton
Thursday, October 2, 2014
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Hamlet_skullSam Gregg, Acton’s Director of Research, bemoans the state of Europe in The American Spectator today. In a piece entitled, “Something is Rotten in the State of Europe,” Gregg begins by noting that Germany seems to have lost all common sense.

William Shakespeare knew a thing or two about human psychology. But he also understood a great deal about the body-politic and how small signs can be indicative of deeper traumas. So when Marcellus tells Horatio at the beginning of Hamlet that you can almost smell the weakness permeating Denmark, it’s Shakespeare’s way of telling us to pay attention to what sticks out as abnormal and to ask what else it may portend.

It was difficult not to be reminded of this advice when reading that a majority of Germany’s Ethics Council recently called for the abolition of legal constraints upon incest. Referring to a case in which a man had entered into a relationship with his biological sister, the Council declared: “The fundamental right of adult siblings to sexual self-determination has more weight in such cases than the abstract protection of the family.”

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success-2Earlier this month Brian Grim of Georgetown University and Greg Clark and Robert Edward Snyder of Brigham Young University released the results of an extensive study, “Is Religious Freedom Good for Business?,” which concludes that “religious freedom contributes to better economic and business outcomes.”

A few months ago Grim provided 7 reasons why religious freedom is a positive good for businesses:
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