Acton Institute Powerblog Archives

Post Tagged 'capitalism'

What Would Life Be Like Without Capitalism?

In an era where socialism is (inexplicably) once again in vogue, we should ask, “What would life be like in a world without capitalism?” The Fund for American Studies has produced a superb It’s a Wonderful Life-style video that 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...

Lex Luthor, Capitalist Villain

In an earlier post I compared the political economy of superheroes in the DC and Marvel universes. And today I have a piece up at The Stream examining the figure of Lex Luthor, the crony capitalist villain featured in Batman v. Continue Reading...

Ten Quotes from economist Walter E. Williams

On this day in 1936, Walter E. Williams was born in the city of Philadelphia. The George Mason University economist is famous for his classical liberal views, often arguing that free market capitalism is not only the most moral economic system known to mankind, but it allows for the creation of the most wealth and prosperity. Continue Reading...

PowerLinks 03.31.16

An Ethicist Reads The Art of the Deal John Paul Rollert , The Atlantic Donald Trump succumbs to the age-old temptation to see capitalism not as an economic system but a morality play. Continue Reading...

Does capitalism reduce violence?

Trading $ for groceries > Murdering people and stealing their food It’s been said before, but it’s certainly worth saying again. Not only does the free market lead to material wealth, but it reduces violence. Continue Reading...

The 6 Elves of Capitalism

In “The Elves and the Shoemaker,” the famous fairy tale by the Brothers Grimm, a cobbler and his wife struggle to survive, barely making enough to eat (never mind investing in the future of their business). Continue Reading...

Bernie Sanders Loves to Decry ‘Casino Capitalism,’ But What About Economic Freedom?

In last Tuesday’s Democratic debate, Senator Bernie Sanders stayed true to his famed aversion to capitalism, proclaiming the fanciful virtues of “democratic socialism.” Yet when prodded by Anderson Cooper — who asked, “you don’t consider yourself a capitalist?” — Sanders responded not by attacking free markets, but by targeting a more popular target of discontent: Wall Street and the banks. Continue Reading...