Category: Economic Freedom

If you want to improve the material conditions of the poor and working classes, what is the one economic metric you should consider most important?

carpooling-Life MagFor progressives the answer is income inequality, since a wide disparity between the incomes of the rich and poor is considered by them to be an obvious sign of injustice and a justification for using the force of the government to redistribute wealth. But for conservatives, the answer is upward economic mobility, the ability of an individual or family to improve their economic status. One of the benefits of the free market is that it harnesses liberty, diligence, and hard work in order to advance economic mobility.

The economic realm, though, exists in the physical realm, which is why economic mobility often requires effective means of physical mobility, that is, reliable transportation. While progressives tend to favor government-controlled public transit (such as busses and subways), conservatives tend to prefer individual transportation, especially access to cars. The reason is that history has shown, as Sasha Volokh says, that freedom drives a car:

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Blog author: abradley
posted by on Monday, January 20, 2014

Help-Wanted-Whites-OnlyThe legacy of Dr. Martin Luther King, Jr., like most mortals, evokes a certain ambivalence regarding what should be celebrated and what should be rightly critiqued. There are certainly parts of his life and thinking that warrant correction, rebuke, and challenge, but this will be true of all us if we live long enough. On this MLK holiday, however, I am thinking about my parents. My parents spent the first third of their lives being denied the equal application of the rule of law because of Jim Crow laws.

During Jim Crow, my parents could not trust the justice system. State and local courts of justice were unreliable. My parents were not free to take roads trips wherever they pleased, especially at night. They were not allowed to attend certain elementary and high schools. They were not allowed to even apply to several colleges. They were not allowed to equally compete in the marketplace against whites in the South. What made Jim Crow additionally immoral is that they were laws that protected a particular class of people so that they could not suffer the consequences of racial discrimination. Jim Crow protected whites in the South from learning the hard lesson that racial discrimination is bad for business and undermines social flourishing.
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Many people believe laws to protect ownership and private property primarily favor the wealthy. But as Prof. Dan Russell explains, lack of property protections can lead to abject poverty.

(Via: Institute for Faith, Work, and Economics)

Blog author: jsunde
posted by on Wednesday, January 15, 2014

Given the recent and wide-ranging discussion here on the PowerBlog surrounding the the minimum wage (Hunter Baker, Joe Carter, Jordan Ballor, Elise Hilton, yours truly), this short little video offers a nice overview of the seen and unseen effects of such an instrument.

To make its argument, the video assumes the worst about wage-setters, describing Edgar the Employer as Edgar the Exploiter: one who cares only about “making profit” and even dreams about paying his employees less. I have yet to meet such a miser, even in my dark days behind the McDonald’s fry vat, but surely he exists. (more…)

Blog author: jsunde
posted by on Wednesday, January 8, 2014

The Institute for Faith, Work, and Economics just released a nice little video that captures the importance of vocation and the beauty of work, elevating freedom as the primary driver of human flourishing.

Watch it here:

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KOPPITZ 0010Reading this profile of UPS’s “Mr. Peak,” Scott Abell, is an enlightening exercise, particularly after the close of this holiday season. Mr. Peak is the guy in charge of making sure that the thing you ordered the Friday before Christmas gets there by Christmas Eve. Or as Devin Leonard puts it, “It’s become so easy for people to shop via computers and smartphones that they frequently delay their purchases until the last minute. Mr. Peak’s job, in effect, is to fulfill the Internet’s promise of instant gratification.”

In my Christmas commentary, I wondered about what a civilization organized around the principle of instant gratification might look like. It wasn’t a pretty picture: “A society that sows the gratification of its material desires everywhere and always, without limitations of rest or Sabbath, will reap a harvest of barbaric sensualism.”

If the Internet promises instant gratification, is the world wide web a force for barbarism rather than civilization? No, but perhaps only if we are willing and able to adjust our expectations. The civilized thing to do might be to order your Christmas presents with more than a few hours to spare. It would certainly make life a bit easier on Mr. Peak. He had a pretty rough season this year.

Mr. Peak “tries to get his family to avoid Internet shopping altogether after Thanksgiving. ‘I’m not going to tell them not to shop,’ he says. ‘But I tell them that they should do it early. Early’s better.’”
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“With every passing year, and each new EU bailout, Europeans seem to be forgetting where they came from,” writes journalist David Aikman in a new review of Becoming Europe: Economic Decline, Culture, and How America Can Avoid a European Future. In The Weekly Standard, Aikman commends Acton Research Director Samuel Gregg’s book for showing how the long post-war project designed to advance European integration, economic security and social welfare has in fact degenerated into government dependency and bureaucratic bloat. The former Time magazine senior correspondent and bestselling author also applauds Gregg for reminding us that Marxist inspired “redistributionism” is really the core problem. Excerpt from the review:

The idea of a European federal superstate as an economic and political entity was never far from the minds of Europe’s key founders. Democratic capitalism was to be the main economic engine of that entity. But as Samuel Gregg points out in this cogently argued study—which frequently refers to Alexis de Tocqueville—whereas the American federal experiment emphasized economic and political freedom as the prerequisites for social prosperity and “human flourishing,” Europe’s postwar program was heavily influenced by social democracy. The goal became economic security for everyone, an idea that required labor-union political power and large bureaucracies to administer the welfare state.

Gregg correctly reminds us that behind social democracy’s stress on fair economic outcomes for Europe’s population lay the fundamental Marxist principle of redistributionism. He certainly does not attribute the European Union’s recent woes to the influence of Marxism, but he assembles a variety of ingredients that add up to what he calls “social Europe,” a social-welfare coterie of EU countries in which general prosperity has declined as economic freedoms have been whittled down. (more…)

Blog author: rjmoeller
posted by on Wednesday, December 25, 2013

A hard, howling, tossing water scene.
Strong tide was washing hero clean.
“How cold!” Weather stings as in anger.
O Silent night shows war ace danger!

The cold waters swashing on in rage.
Redcoats warn slow his hint engage.
When star general’s action wish’d “Go!”
He saw his ragged continentals row.

Ah, he stands – sailor crew went going.
And so this general watches rowing.
He hastens – winter again grows cold.
A wet crew gain Hessian stronghold.

George can’t lose war with’s hands in;
He’s astern – so go alight, crew, and win!

-David Shulman, “Washington Crossing the Delaware”

Some 237 years ago today, the Continental Army was stationed along the Pennsylvania-New Jersey border preparing for a secret attack upon British and Hessian troops. Beleaguered and under-supplied, the brave men under General George Washington’s command knew they needed a miracle. The plan was to send three raiding parties across the Delaware River at different points to surprise the enemy at Trenton.

Weather and the elements had other ideas.

The crossing of the River using the Durham boats, ferry boats and other craft took longer than expected as a nor’easter effected the area causing sleet and freezing rain to pelt the weary troops. Large ice flows and flood-like conditions hindered the nighttime maneuvers.

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From an archived column by National Review‘s Rich Lowry:

Arriving at Trenton at 8 a.m. the following morning, his spirited troops seemed “to vie with the other in pressing forward,” he wrote afterward. They surprised the Hessians, not because they were sleeping off a Christmas bender. Harried in hostile New Jersey, the Hessians had exhausted themselves on constant alert. They didn’t expect an attack in such weather, though. The battle ended quickly — 22 Hessians killed, 83 seriously wounded, and 900 captured, to two American combat deaths.

“It may be doubted whether so small a number of men ever employed so short a space of time with greater and more lasting effects upon the history of the world,” British historian George Trevelyan wrote.

Washington followed up soon enough with another victory at Princeton. In the space of a few weeks, the Americans killed or captured as many as 3,000 of the enemy and irreversibly changed the dynamic of the war.

David Hackett Fischer (author of Washington’s Crossing) sees in that resurgence after our fortunes were at their lowest a reassuring aspect of our national character in this season of discontent: We respond when pressed. Dr. Benjamin Rush, a great supporter of the American cause, wrote: “Our republics cannot exist long in prosperity. We require adversity and appear to possess most of the republican spirit when most depressed.” 

May it still be so. 

A great reminder of an important story from our nation’s unique past. The freedoms we enjoy were won with a price. Violence on this holiday was the result of something a tad more important than the newest Air Jordan sneakers. 

 

Blog author: johnteevan
posted by on Tuesday, December 17, 2013

Artemisia tridentata wyomingensis (5042178398)When we think of our freedoms and how they are basic to our society yet freedoms seem to be out of control in so many ways since the 1960s, we probably need to pull back and consider those freedoms from a new perspective. So let’s consider playing the piano. I am free to play the piano in that pianos are available, piano teachers are available, and there is no regulation or social stigma that prevents me from acquiring or learning the piano.

I have liberty when it comes to pianos. However, I am not currently free to play the piano well nor can I demonstrate any such ability nor can I know the joys of learning, memorizing, and playing a piece such as I heard at a Second Sunday concert this month. I have two liberties here: the freedom to acquire a piano and the freedom to do the hard work of learning to play it well. I must not confuse the two liberties.

As for American freedoms I must not think that because I have the liberty to get a job I should be paid as if I were already trained and experienced or just because I have endless freedoms in moral areas that I can choose any path and still have satisfying relationships at home, with friends, or at work.

By the way: almost 80% of 493,000 pianos made in 2012 were low-end Chinese ones. Chopin and Debussy’s pianos were made by Pleyel a French company that is going out of business this month.

Acton’s busy week of media appearances continued last night with Acton President Rev. Robert A. Sirico joining guest host Arthur C. Brooks – president of the American Enterprise Institute – on The Hugh Hewitt Show to discuss Pope Francis, Evangelii Gaudium, and the compatibility of Catholic social teaching with free market capitalism. We’ve embedded the interview for you below, and added the video of Arthur Brooks’ 2012 Acton University plenary address after the jump.

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