Acton Institute Powerblog Archives

Post Tagged 'capitalism'

Edmund Burke on economic freedom and the path to flourishing

Advocates of economic freedom have a peculiar habit of only promoting the merits of the free markets as they relate to innovation, poverty alleviation, and economic transformation. In response, critics are quick to lament a range of “disruptive” side effects, whether on local communities or human well-being. Continue Reading...

The true face of ‘capitalism’

Frank Borman, then-chairman of the Eastern Airlines, said that “capitalism without bankruptcy is like Christianity without Hell.” That’s one way to take Peter Heslam’s reflection on the closing of BHS in the UK, “Business with a Human Face.” I would add that the purportedly impersonal nature of market exchange is also what attracts many of its supporters. Continue Reading...

The Harmful Effects of Protectionism

Photo courtesy of Wikimedia. What is the biggest economic problem that the U.S. is currently facing? Depends who you ask.  Some social justice warriors would tell you that capitalism is ruining our economy, yet many who have studied and understand economics would argue the opposite. Continue Reading...

Capitalism, cronyism, and socialism

Wikipedia “Having a heart for the poor isn’t hard. Having a mind for the poor…that’s the challenge.” –Poverty, Inc. This quote from the documentary Poverty, Inc. highlights the reason why so many people are willing to give their money to foreign aid, without necessarily understanding its harmful effects.  Continue Reading...