Acton Institute Powerblog Archives

Post Tagged 'capitalism'

Free trade propaganda from … Communist China?

In the wake of the last presidential election, the American people appear to be fracturing and shifting on the long-held consensus about the benefits of free trade. Meanwhile, state-owned television in the People’s Republic of China is churning out pro-trade propaganda such as this (HT Pethokoukis): Yet the underlying irony is a bit overstated, I’d suspect. Continue Reading...

Lessons from India’s ‘private city’

Given the acceleration of urbanization around the world, many are wondering how local governments and city planners will keep up with the pace. While advocates of free markets routinely argue for fewer top-down restrictions and more privatization of local services, others argue for increased controls and more advanced central planning. Continue Reading...

Samuel Gregg on Pope Francis and radical capitalism

AP Photo/Andrew Medichini In a recent speech delivered to a gathering of the Roman round table of The Global Foundation at the Vatican, Pope Francis addressed economics. Specifically, he suggested that a capitalist ideology which is unconcerned about the marginalized has run rampant across the world.  Continue Reading...

Does globalization destroy culture?

Globalization is routinely decried for its disruptive effects, particularly as it relates to local culture and community enterprises and institutions. Even as it’s proven to drive significant economic growth, questions remain about its steamrolling influence on the culture. Continue Reading...

5 victims of the $15 minimum wage

As protests for a $15-per-hour minimum wage continue to rage across the country, cities like Seattle and states like California and New York have already begun to adopt such schemes. But alas, prices are not play things, and such measures are bound to reap a range of deleterious effects, from raised consumer prices to increased unemployment to reduced working hours to outright business closures. Continue Reading...