Acton Institute Powerblog Archives

Post Tagged 'capitalism'

Is Distributism a Form of Capitalism?

G. K. Chesterton(one of the founding fathers of distributism) Today at Ethika Politika, in response to a few writers who have offered, in my estimate, less-than-charitable characterizations of capitalism, I ask the question, “Which Capitalism?” (also the title of my article). Continue Reading...

Bono, Babel, and the Myth of Economist as Savior

Bono, lead singer of U2 and co-founder of charity-group ONE, recently offered some positive words about the role of markets in reducing global poverty and spurring economic development (HT): The Irish singer and co-founder of ONE, a campaigning group that fights poverty and disease in Africa, said it had been “a humbling thing for me” to realize the importance of capitalism and entrepreneurialism in philanthropy, particularly as someone who “got into this as a righteous anger activist with all the cliches.” “Job creators and innovators are just the key, and aid is just a bridge,” he told an audience of 200 leading technology entrepreneurs and investors at the F.ounders tech conference in Dublin. Continue Reading...

What Would Life Be Like Without Capitalism?

The Fund for American Studies has produced a superb It’s a Wonderful Life-style video about life without capitalism. The video not only shows what life would be like if we banned free enterprise (i.e., a lot like Soviet Russia) but also makes the point that when you lose economic freedom you lose other freedoms too. Continue Reading...

Gregg: A Book That Changed Reality

Acton Research Director Samuel Gregg is featured in The American Spectator today with an article titled, “The Book That Changed Reality.” The piece lauds Catholic philosopher, journalist and theologian Michael Novak’s groundbreaking 1982 book, The Spirit of Democratic Capitalism. Continue Reading...

What an Olympic Swimmer’s Choice Tells Us About Capitalism

The legal institutions of capitalism exist not to advance any particular purpose, says Robert T. Miller, but to facilitate the advancement by individuals of their various, often conflicting purposes: As this article in the Wall Street Journal explains, Missy Franklin, a seventeen year-old from Colorado who won the gold medal in the 100-meter backstroke last week, has steadfastly refused lucrative endorsement contracts. Continue Reading...

What Gave Capitalism a Bad Name?

In his new book, Defending the Free Market: the Moral Case for a Free Economy, the Rev. Robert Sirico points out that capitalism has been given a bad name that it truly doesn’t deserve: Rightly understood, capitalism is the economic component of the natural order of liberty. Continue Reading...