Category: Economic Freedom

freedom-index-2015“Today, we live in the most prosperous time in human history,” notes the the Index of Economic Freedom, an annual guide published by The Wall Street Journal and The Heritage Foundation. “Poverty, sicknesses, and ignorance are receding throughout the world, due in large part to the advance of economic freedom.”

The Index covers 10 freedoms – from property rights to entrepreneurship – in 186 countries. So why should we care about economic freedom around the world? Because it is a key to alleviating global poverty:

Blog author: jcouretas
Monday, January 26, 2015

It gets really interesting now in the wake of Syriza’s stunning victory in yesterday’s Greek elections, widely interpreted as a populist rejection of austerity programs that could spread to other indebted European Union basket cases. All eyes on are Alexis Tsipras, the newly-sworn in prime minister (in a highly unusual secular ceremony), with a lot of unanswered questions about how his party will govern. (Syriza is the transliterated Greek acronym for Coalition of the Radical Left). I’ve been following this story – indeed the long gut-wrenching meltdown of the Greek economy – in recent years with more than casual interest. I grew up in a Greek immigrant household and have retraced my grandparents’ steps back to the family villages (I’m what real Greeks refer to as a “two week Greek”).

On the Forbes site, Charles Calomiris paints a picture of what is in store for Greeks if Tsipras follows through on his promises to magically wish away debt (176 percent of GDP), go after “the rich” (Greek shipowners) and give away more free stuff (electrical power, health care, higher minimum wage, etc.) paid for with other people’s money:

… the likely consequences for Greece of Sunday’s election are a chaotic future of bank runs, devaluation, capital flight, and even more worrying, new radical leftist policies to respond to the economic collapse produced by the crisis (e.g., huge expansions of government spending, and nationalizations). Nothing can be ruled out when someone like Mr. Tsipras is in charge – a European version of Hugo Chavez.

Calomiris concludes by observing that “although it is likely that Mr. Tsipras’s victory will soon be regarded as a major electoral error by Greeks, it could be a helpful wake up call for the rest of Europe.” (more…)

Source: AP

Source: AP

Bakers, florists, and photographers who refuse to use their creative talents to serve same-sex weddings have been fined and have had their business threatened because they refuse to violate their conscience. Many Americans—including many Christians—even argued that private business owners should be forced to violate their conscience when such practices are considered discriminatory.

But how far are they willing to defend their views? Would they, for instance, punish a baker for refusing to make a cake with anti-gay statements? As the AP reports:

A baker in suburban Denver who refused to make a cake for a same-sex wedding is fighting a legal order requiring him to serve gay couples even though he argued that would violate his religious beliefs.

But now a separate case puts a twist in the debate over discrimination in public businesses, and it underscores the tensions that can arise when religious freedom intersects with a growing acceptance of gay couples.

Marjorie Silva, owner of Denver’s Azucar Bakery, is facing a complaint from a customer alleging she discriminated against his religious beliefs.

According to Silva, the man who visited last year wanted a Bible-shaped cake, which she agreed to make. Just as they were getting ready to complete the order, Silva said the man showed her a piece of paper with hateful words about gays that he wanted written on the cake. He also wanted the cake to have two men holding hands and an X on top of them, Silva said.

Let me start by making my own view on the subject clear: Whether the request was serious or a stunt done to make a political point, I find the viewpoint expressed to be loathsome. Assuming the words were indeed “hateful” they should have no association with a symbolic representation of the Christian faith. I also believe Ms. Silva should not be forced to use her creative skills in a way that violates her conscience.

However, the logic used to argue why only certain bakers should be forced to violate their conscience reveals a despicable double standard.

france-israelEven before the Paris attacks, there were worries over a sharp rise in anti-Semitism in the UK and mainland Europe in 2014, says Caroline Wyatt of the BBC. In the past few years thousands of French Jews have fled the country to the one place they feel safe: Israel.

“The French Jewish community is gripped by a very deep sense of insecurity and that sense is often traced back to the attack in Tolouse in 2012,” says Avi Mayer, a spokesperson for the Jewish Agency for Israel. “But there’s also a lower-level sense that it’s simply impossible to be openly Jewish in the streets of France, and that’s something that’s manifested itself with Jewish discomfort with wearing yarmulkes in the streets or necklaces with Jewish stars.”

The resurgence of anti-Semitic sentiment in Europe is appalling and tragic. What it shouldn’t be, however, is unexpected. Like it’s Islamist extremist counterpart, the roots of this hatred are often economic.

Europe has always been susceptible to the siren’s call of socialism, and as economist Tyler Cowen pointed out nearly 20 years ago, there is a direct link between statism and the persecution of minorities:

money-heartI think it is important to keep in mind that it is not the world of economics that is critical to human life on earth. When I left the field of economics for what I still believe to be a more important life agenda, it was because I regarded economics as driving cross-country at 80 mph with my eyes firmly fixed on the rear-view mirror.

We do, in fact, live in a world defined by economic and political realities, just as a fish lives in water. But that economic world has existed for less than 300 years and it will not last forever. When we talk of poverty or the benefits of living above poverty, it’s easy to think that the miseries of poverty are true miseries. But that misery is often only the economic part of the story. Poverty of mind, of person, and, worst, of soul are the true poverties. Comfortable affluence addresses the less important parts of being human.

I wrote my book, Integrated Justice and Equality, to rebuke the current supremacy of the trendy idea about income redistribution. But is income really the point of life? If I had not focused on biblical integration, my work would have just been a commentary on economic well-being without an anchor. (more…)

aimthesolution“You have never met a mere mortal.” – C.S. Lewis

God has called each of us to redemptive stewardship, crafting us in his own image that we might assume this calling in boldness and love. Thus, as we approach complex issues of poverty alleviation and seek to empower others on this path, we must be careful that our efforts affirm the dignity and destiny of the human person.

As noted in the Acton Institute’s core principles, “the human person, created in the image of God, is individually unique, rational, the subject of moral agency, and a co-creator,” possessing “intrinsic value and dignity, implying certain rights and duties both for himself and other persons.” A brief perusal of Genesis 1 will confirm as much, yet far too often we distort and confuse this framework, defining those in severe need according to their present station and developing our “solutions” in turn.

Such attitudes can manifest subtly (our vocabulary) or severely (coercive measures), even or especially among the boots on the ground and the “experts” that fuel them. “Anti-poverty(!)” programs and policies may indeed abound (even the Millennium Development Goals nod to “human dignity”), but little of that matters if the promoters or measures themselves treat others as inferior, incapable, or altogether dispensable. (more…)

At RealClearReligion, Rev. Robert A. Sirico offers an analysis of President Obama’s move to thaw relations with Cuba, a diplomatic opening that was supported by the Vatican. Citing Pope Francis’ appeals for “an economy of inclusion,” Rev. Sirico asks: “What, indeed, could be more inclusive than trade and travel?” More:

Free trade is not the solution to all economic, social and political problems. Nor does anyone expect it to be. That said, on my visits to Cuba and China, I have yet to meet anyone who thought restricting trade or travel helped, all of which will have to be negotiated once relations are normalized. Mutatis mutandis, those unfortunate to have to live under oppressive regimes are among the first to long for U.S. companies to setting up shop in their countries, gain new markets for their own products and will increase contact and opportunity for themselves. To have more exchanges with Americans at every level, whether it is through tourism, educational, trade or technological exchange, is what many Cubans want.

The open question is to see whether the Castro regime — which, after all, remains ideologically Marxist and viciously persecutes anyone who steps out of line — will use this thawing as a way of moving Cuba away from 50 years of one party rule and a top-down approach to the economy, and towards wider freedoms. Their track-record, to date, would not inspire confidence.

Read “The End of Cuba’s Double Despotism” by Rev. Robert A. Sirico at RealClearReligion.