Category: Economic Freedom

Many of you know Jay Richards from his regular lecturing at Acton University. He has a newly co-authored piece in The Daily Caller, “Enterprise is the most ‘effective altruism.’” There’s more to be said on the complex issue of helping the poor than can be put in a single op-ed, of course, but there’s some great food for thought here, particularly for those who view business and markets as necessarily part of the problem. Jay and Anne Bradley use the example of Microsoft to explain the confusion:

Read more on Enterprise is the Most ‘Effective Altruism’…

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Today’s new rich is the “government rich” according to Peter Schweizer. Massive centralization of money, resources, and regulation has allowed our public servants and many big businesses to thrive. The poor, new business start ups, the taxpayer, and the free market are punished. Washington and corporate elites profit from the rules and regulations they create for their own benefit and their cronies. As daily news reports currently reminds us, Washington is a cesspool of corruption and abuse of power.

Read more on Religion & Liberty: The Moral Crisis of Crony Capitalism…

Anthony Bradley
posted by on Friday, June 7, 2013

Last night in Dublin I was having a conversation with a 65-year-old man who was ranting about the high unemployment rate in the European Union, which in the 17-nation currency area rose to 12.2 percent in April. The current unemployment rate is a new record since the data series began in 1995. My new friend was very open about being an outright socialist and said that Europe’s problem is that people are not being treated fairly.

Capitalism, he explained, promotes a culture where people do not share their resources because it encourages inequality. To solve the European unemployment crisis, my friend suggested that Europe “needs a dictator” to come in and simply tell everyone what to do so that there will be true equality. The problem, however, my Irish friend confessed, is that when someone gets in a power “they get carried away with it,” and people end up being taken advantage of. He did not seem able to connect the dots that countries that have tried socialism and dictatorships are countries where the poor are worse off in the long-run. Therefore, his proposal will not work.

The conversation raised several questions for me. To start, I wondered why this 65-year-old man drinking a Smithwick’s beer, sitting next to me drinking a pint of Guinness, did not see that we were both experiencing equality thanks to the free market, property rights, and the rule of law. I also wondered why he thinks that something like socialism would be the best way forward given the fact that a form of it is currently not working in the European Union.
Read more on Socialism Will Not Save Europe…

Dylan Pahman
posted by on Thursday, June 6, 2013

Jordan Ballor wrote a provocative post about fusionism today, titled “Libertarians in Black,” modifying Jonah Goldberg’s suggestion that there should always be a libertarian in the room during political discussions with a little help from Johnny Cash:

I think we might be able to bring Jonah Goldberg and Johnny Cash together on this point, to say that there always ought to be a “libertarian in black” in the room, asking the right questions about what government policies do for the people, particularly the poor.

Yet I wonder, might there be room for another man (or woman) in black as well? Might we also benefit from having a monk in the room? (No offense intended to any Trappists, who traditionally wear white, but honestly, what are they going to say?) Read more on Libertarians in Black Cassocks…

The newest issue of The Economist features a story that suggests we are nearing the end of abject poverty – the dire, horrid poverty that leaves people stuck in agonizing, short lives. The good news is that we know how to fix this problem:economist poverty Read more on The End of Poverty: Take A Bow, Capitalism…

Jordan J. Ballor
posted by on Thursday, June 6, 2013

The conservative-libertarian fusionism conversation is gaining new life as discussions and reflections about the state of the Republican party reverberate after last year’s election. Ben Domenech has a particularly worthwhile outline of what he calls a “libertarian populist agenda.”

Read more on Libertarians in Black…

AllAfrica.com published a press release from the Guttmacher Institute, the research division of Planned Parenthood, summarizing a new study that “the poorest countries are lagging far behind higher-income developing countries in meeting the demand for modern contraception. Between 2003 and 2012, the total number of women wanting to avoid pregnancy and in need of contraception increased from 716 million to 867 million, with growth concentrated among women in the 69 poorest countries where modern method use was already very low.”

Around the developing world, “Roughly three-quarters (73%) of the 222 million women in developing countries who want to avoid a pregnancy but are not using a modern method now live in the poorest countries, compared with 67% in 2003,” according to the report. “Furthermore, women in the poorest countries who want to avoid pregnancy are one-third as likely to be using a modern method as those living in higher-income developing countries.” Thankfully, between 2003 and 2012, “there was a shift away from sterilization (declining from 47% to 38% of all modern method use in developing countries) toward methods with higher failure rates, namely barrier methods (increasing from 7% to 13%) and injectables (from 6% to 9%).”

For those who value human dignity, this is actually good news. The “lagging behind” of birth control availability and success is the greatest hope for the developing world. In addition to the rule of law and sustained property rights, what Africa needs is more people, not less, in order for many countries to build the types of sustainable economies that allow real needs to be met in the long-run. In Centesimus Annus, Pope John Paul II explains why:
Read more on The Failing Success of Population Control in the Developing World…

What a sweet spectacle it is to observe Rome’s pastel-colored cityscape and glowing white marble churches from above St. Peter’s Basilica just before sunset. But this is not what one Italian entrepreneur had in mind late Monday evening and years since experiencing any kind of dolce vita in his native land.

According to local press reports, around 6:00 pm on May 20, Vatican police and tourists discovered a businessman from Trieste, Marcello Finizio, atop the massive dome of St. Peter’s, the one famously redesigned by Michelangelo to awe the millions of visitors to Rome each year.

Clinging to an upper window ledge and support cable, he unfurled a white banner with Italian and English words of protest and plea:
Read more on Desperate Entrepreneur Atop St. Peter’s Pleads to Pope…

I’m a contributor to this month’s edition of Cato Unbound, on the topic of “Conservative-Libertarian Fusionism.”

The forum consists of four lead essays from the panelists followed by ad hoc discussion. The first four essays are up:

Read more on Cato Unbound: Conservative-Libertarian Fusionism…

If Baby Boomers are said to have fled to the suburbs in the pursuit of the “American Dream,” using zoning laws as a tool, today’s young adults could be charged with the exact same mission in light of the promises of New Urbanism.

The American Dream has been defined as, “the notion that the American social, economic, and political system makes success possible for every individual.” Baby Boomers moved out to the suburbs in pursuit of the conditions that were believed to lead to social success for themselves and their children–which included, many argue, race and/or class homogenization. Why? Because this is what makes the American Dream a dream. It is not where you pursue social success but the Dream lies in the fact that one expects planned success to be tangibly achieved. In this regard, elites who planned the suburbs for social success, through public/private arrangements, and elites in the cities are both driven by the same cause: a lust for planned social success. It is the same dream in a different zip code.

Like the suburban planning of a few decades ago, New Urbanism promises to set up the conditions for everyone’s social success. For example, the Congress of New Urbanism on the 2012-2017 strategic plan commit to the following:
Read more on Same American Dream, Different Zip Code…

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