Archived Posts March 2013 - Page 2 of 16 | Acton PowerBlog

Blurring the distinction between religious faith and totally unrelated political activism has attained new levels of absurdity during the 2013 proxy resolution voting season.

One needs look no further than the network neutrality proxy resolutions submitted to AT&T Inc. by a host of clergy and religious organizations for evidence. These groups assert that net neutrality – described in their resolution as “open Internet policies” – “help drive the economy, encourage innovation and reward investors” when nothing could be further from the truth on all three counts.

Instead, the only groups advocating for net neutrality are left-of-center organizations who wish to shackle the profitability of Internet providers and stifle the growth of what has become one-sixth of the nation’s economy over the past 20 years. Joining these organizations with the AT&T proxy resolutions are the following Interfaith Council of Corporate Responsibility members:

  • Benedictine Sisters of Mount St. Scholastica, Rose Marie Stallbaumer, OSB;
  • Trillium Asset Management Corporation, Jonas Kron;
  • Benedictine Sisters of Virginia, Sr. Henry Marie Zimmermann, OSB;
  • Christus Health, Delia Foster;
  • Congregation of the Sisters of Charity of the Incarnate Word, San Antonio, Carolyn Psencik;
  • Nathan Cummings Foundation, Laura Shaffer Campos;
  • Congregation of Benedictine Sisters, Boerne TX, Sr. Susan Mika, OSB.

The resolution filed by these groups reads: “AT&T expects mobile data traffic to grow more than eight times from 2011 levels.

“A critical factor in this growth is the open (non-discriminatory) architecture of the Internet. Non-discrimination principles are commonly referred to as ‘network neutrality’ and seek to ensure equal access and non-discriminatory treatment for all content.”

Keep in mind that Comcast sued the Federal Communications Commission over net neutrality regulations in 2010 – and won in a unanimous decision by the three judges on the U.S. Court of Appeals for the District of Columbia. (more…)

ForbesAlejandro Chafuen, president and chief executive officer of Atlas Economic Research Foundation and board member of the Acton Institute, recently wrote a piece for Forbes.com about crony capitalism.

Chafuen used to spend his summers in Argentina, so he begins his article with a story about a friend from Argentina. Enrique Piana, known to his friends as “Quique,” was heir to “Argentina’s oldest and most respected trophy and medals companies.”

During part of the ’90s, the government of President Carlos Menem, and then-Minister Domingo Cavallo, had a policy for the importation of gold and exports of gold fabrications that amounted to a major subsidy for exporters. Attracted by the incentives, Quique, who had become CEO of his company, became a key player in a scheme whereby exporting overvalued gold-plated products netted them 30 million in subsidies for fake transactions. As it seems that none of the medals were sold at artificial value to true customers, the only victims here ended up being the Argentine tax-payers.

The scheme involved a “business” in the United States. As there is still substantial respect for rule of law in the United States, Quique was indicted, captured, and—after some months in a U.S. jail—extradited to Argentina. In his book, he lists the government officials who he claims knew about the scheme and who received bribes for his fraudulent activities. I will not mention them here. None of them were sentenced to jail. (more…)

Blog author: jcarter
posted by on Thursday, March 28, 2013

The African diaspora—nearly 140 million Africans live abroad—is such a major source of foreign income that it now outstrips foreign aid sent by Western donors. The money these expatriates send back home is collectively worth far more than the development donations sent by Western financial institutions, says Adams Bodomo:

africa-money-bankingThe exact amount of these remittances is unknown because not all of it is sent through official banking channels. But the official volume to the continent has gradually increased over the years, from $11 billion in 2000 to $60 billion in 2012, according to the World Bank. As a proportion of gross domestic product (GDP), remittances in Africa range from next-to-nothing to almost 5%.

Worldwide remittances to developing countries were $351 billion in 2011, far exceeding the $129 billion in official development assistance (ODA), according to the World Bank.

The remittances paid by Africans living abroad also rival official aid to the continent. Total diaspora contributions to Africa in 2010 stood at $51.8 billion compared to the roughly $43 billion in ODA, according to the latest figures from the World Bank.

Bodomo offers several compelling reasons why remittances are a better source of development than foreign aid:
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Duccio di Buoninsegna 029Today is Maundy Thursday in the Western church. One account of the origin of the unique name for this day is that comes from the Latin word mandatum, which means “command.” The command referred to here is that contained in John 13:34, “A new command I give you: Love one another. As I have loved you, so you must love one another.”

There’s a sense in which this command isn’t new, of course. The basic obligations to love God and love our neighbors were constitutive of the covenantal community from the era of the Old Testament. Consider, for instance, Leviticus 19:18, which enjoins the Israelite to “love your neighbor as yourself.”

As Cornelis Vonk writes of the Torah, “It acquaints the church of today with her God, Yahweh, the Creator and Giver of life, who also has shown himself to be a Lover and Preserver of life, of genuine human life. We know that he loved life so much that he sent his own Son so that we might have life.”

So while there is continuity with the old dispensation of the covenant of grace, there is something really new about the commandment as well. Just as we refer to the era of salvation history ushered in by Jesus’ birth, life, death, and resurrection as the “new” covenant, so this new commandment takes up the obligations of the old covenant and displays them in a new way.

The most obvious new way in which this love is displayed is in the life and work of Jesus Christ himself. This is what is “new” about the new commandment: Jesus himself is basis and the model for our love.

Over the rest of this Holy Week, consider just what that love means: “Greater love has no one than this: to lay down one’s life for one’s friends” (John 15:13 NIV).

But just as in the old covenant, the covenantal relationship isn’t just about God and the individual person. We are to “walk before” God, to love God “with all your heart and with all your soul and with all your strength and with all your mind.” But just as Jesus’ example shows us, this love must be expressed in the context of community. There must be “others” for us to love, “friends” for us to show our sacrificial love to.

This is the new community created in the new covenant of Christ’s blood, governed by the new commandment: “As I have loved you, so you must love one another.”

Blog author: jcarter
posted by on Thursday, March 28, 2013

Is This the School Choice Movement’s Biggest Win Ever?
Suzi Parker, Take Part

The country’s broadest school voucher program is upheld by the Indiana Supreme Court.

Ayn Rand Really, Really Hated C.S. Lewis
Matthew Schmitz, First Things

Rand on Lewis: “It is unbelievable, but this monster literally thinks that to give men new know­ledge is to gain power(!) over them. The cheap, awful, miserable, touchy, social-meta­physical mediocrity!”

The Poverty Thing
David Warren, The Catholic Thing

In the old days the plutocrats made their money through finance, oil, real estate, media, transport and industry. These days they make it chiefly from corrupt privatization schemes in countries like Russia; by acquiring mineral rights in the Third World; by becoming rentiers on a very big scale.

9 Things You Should Know About Holy Week
Joe Carter, The Gospel Coalition

Here’s what you should know about the days that commemorate the Passion of Christ.

Coming during the week prior to Easter, I naturally thought the email I received from Sojourners — which I have been reading for my Lenten penance religiously — would contain some spiritual admonishment. “Just one week until … ” the subject line said. Am I at fault for thinking my mind was going to be directed to the good news of human redemption in the Resurrection of the Lord just a few days hence?

Ironically, the organization that so regularly decries free markets and denounces profit-making was merely hyping Jim Wallis’ new book, On God’s Side: What Religion Forgets and Politics Hasn’t Learned about Serving the Common Good. Wallis, as far as I can tell from his previous efforts, wants us to believe that you are on God’s side as long as you are on Jim’s side, because that is God’s side when it comes to economic life.

Blog author: mvandermaas
posted by on Wednesday, March 27, 2013

Last night on Real News on The Blaze TV, Acton Institute Director of Research Samuel Gregg joined the panel to add his analysis of the current financial crisis in the nation of Cyprus, and the potential impacts that this crisis could have for other European Union nations that are currently trying to deal with financial issues of their own.

Gregg deals extensively with the problems of Europe in his book Becoming Europe: Economic Decline, Culture, and How America Can Avoid a European Future, which is well worth your time, and you can check out his appearance on the Library of Law and Liberty Podcast as well on the same topic. His Blaze TV interview is below.

Samuel Gregg, Acton’s Director of Research, recently appeared on the Liberty Fund’s Online Library of Law and Liberty podcast to discuss his new book, Becoming Europe: Economic Decline, Culture, and How America Can Avoid a European Future:

Recent events in Cyprus, to say nothing of the economic stasis that envelopes much of Europe, highlight America’s need to think deeply about the current trajectory of our fiscal and entitlements policy, among other weighty matters. Gregg’s book, however, is not merely a rehashing of dire spending problems and bankrupting entitlements and the predictably poorer future this promises, but is a discussion of the social and cultural commitments that are required to make economic freedom a reality in America. The erosion of these norms within Europe has made it much easier for the array of dirigiste economic policies pursued by so many nations on that continent. The good news, Gregg informs, is that we aren’t quite Europe. To avoid its fate America must reexamine the foundations of its own economic success and renew its commitment to them.

Check out the podcast here.

In this week’s Acton Commentary, “Not Quite Alone in the Wilderness,” I examine the intergenerational infrastructure of innovation and civilization through the lens of Richard “Dick” Proenneke, whose efforts to build a cabin in the Alaskan wild, alone and by hand, are recorded in the popular documentary, often featured on PBS.

Here’s a clip that gives an extended introduction into the project:

As Proenneke says, “I was alone, just me and the animals.” In his recent book Redeeming Economics, John Mueller relates how classical economists would often use the fictional example of Robinson Crusoe, who was shipwrecked on an island and left to survive alone, to get at the anthropological knowledge necessary for a coherent political economy. In this week’s piece, I do something like this with Proenneke, whose experiment has the advantage of being something that actually happened.
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In a new video from Biola University, Dallas Willard explains how “business is a primary arrangement, on God’s part, for people to love one another and serve one another.” (HT)

Willard goes on to explain how God does not wait for Christians to use business as a means for serving the needs of the world:

If God wasn’t in business it wouldn’t even be there. It has this natural tendency to reach out to the neighbor and the neighbor and the neighbor and the neighbor all around the world. That’s in the nature of business…It’s like most of God’s operations, they are running beyond the conscious motives of the people who are doing it.

Business is a primary moving force of the love of God in human history, and it doesn’t wait until Christians get a bright idea about it…It’s just there. That’s God. That’s the kingdom of God at work…We have to recognize that God is always out front of the church and he’s working in many ways.

Yet even though God doesn’t wait for us to perform his work, this needn’t lead us to throw up our hands. Rather, such truth should inspire us to be more active and discerning in the larger economy. Through the work he’s already doing, God is openly inviting us to participate.  (more…)