Posts tagged with: capitalism

Last week, the Washington Post featured an interview with Donald Trump, entrepreneur-turned-presidential candidate. Trump is clearly no fan of the pope’s comments on capitalism and free markets, and his approach to dealing with the pope on this topic is rather unique: Trump wants to scare Pope Francis.
trump cnn

It’s common for some to criticize Pope Francis’s wariness about capitalism, but Republican presidential candidate Donald Trump just took that to a new level, saying he’d try to “scare” the pope by telling him: “ISIS wants to get you.

I’d say ISIS wants to get you,” Trump said. “You know that ISIS wants to go in and take over the Vatican? You have heard that. You know, that’s a dream of theirs, to go into Italy.

I’m gonna have to scare the Pope because it’s the only thing, Trump said. The Pope, I hope, can only be scared by God. But the truth is — you know, if you look at what’s going on — they better hope that capitalism works, because it’s the only thing we have right now. And it’s a great thing when it works properly.”

The Rev. Robert Sirico, who has voiced his own concerns regarding the pope’s economic views, clearly was not impressed with Trump’s views on how to deal with the views of “the people’s pope.” (more…)

Acton Institute Co-Founder and President Rev. Robert A. Sirico made an appearance on America’s News Headquarters on Fox News Channel this afternoon to discuss the impact of Pope Francis’ new encyclical, and to share his thoughts as part of the discussion the Pope has called upon us all to participate in on the state of the environment. You can view his Father’s Day appearance using the video player below.

Acton University 2015 is about to get underway at DeVos Place in Grand Rapids, Michigan, and our friend Al Kresta has already taken up residence on the gallery overlook level for his week of Kresta in the Afternoon remote broadcasts. His first guest from Acton University was our own Kishore Jayabalan, director of Istituto Acton in Rome, who sat down for a twenty minute discussion of Pope Francis, Laudeto Si, and the compatibility of capitalism with Christianity. The full interview is available via the audio player below.

NovakToday’s issue of Public Discourse offers a reflection on the life and work of Michael Novak. It would not be an exaggeration to say Novak is a towering figure in the world of free market economics. Author Nathaniel Peters says that while Novak has had his critics, the question that lies at the heart of all Novak’s work is this: “How do we get people out of poverty?”

What economic systems are most conducive to allowing people to exercise their human dignity, realize their God-given capacities, and provide for themselves and their families? When many people think of capitalism, they imagine factory owners exploiting workers. Novak sees a woman with a micro-loan who can now start a business to support her family, or a community of immigrants who have arrived in America—like Novak’s own Slovak ancestors—who through hard work in their local community can build better lives for themselves and those around them. (more…)

weeping statueIf one decides to destroy the American Dream, there are a few steps that would be necessary.

  1. Put Big Government in charge. The average American can’t figure out his or her own dreams, let alone what it would take to make them a reality.
  2. Tell Americans that without the government, the American Dream is hopeless.
  3. Produce a lengthy document about the American Dream. Leave out the word “freedom,” let alone the idea of freedom.
  4. Let people know that “freedom” (without actually using the word) is quite harmful. Don’t worry, thought, Big Government will protect you.

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poor-working-class-family-after-the-days-workCapitalism is routinely blamed for rampant materialism and consumerism, accused of setting society’s sights only on material needs and wants, and living little time, attention, or energy for much else. But what, if not basic food, shelter, and survival, was humanity so preoccupied with before the Industrial Revolution?

As Steve Horwitz argues in a preview of his forthcoming book, Hayek’s Modern Family, our newfound liberty and accelerated activity in the Economy of Creative Service has actually freed us to devote more to other spheres of stewardship, not less:
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Blog author: jsunde
Wednesday, May 6, 2015
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00979473.JPGI recently gave a hearty cheer for bringing back childhood chores, which are shockingly absent in a majority of today’s homes. The same appears to be the case with summer work for teenagers, which is increasingly avoided due to sports activities, cushy internships, video games, clubs and camps, and, in many cases, a lack of employment prospects altogether.

In an article for the Wall Street Journal, Dave Shiflett explores the implications of this development, recalling the “grit and glory of traditional summer work, which taught generations of teenagers important lessons about life, labor and even their place in the universe.”

Whether it was newspaper delivery, construction, factory work, fast food, or manual labor on the farm or the railroad, such jobs have introduced countless kids to responsibility, creativity, and service, helping connect the dots between God-given gifts and the broader social order. (more…)