Acton Institute Powerblog Archives

Post Tagged 'capitalism'

Capitalism, cronyism, and socialism

“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...

Samuel Gregg on David Bentley Hart and Murderous Markets

Is the dominant economic system we have today, the market economy or capitalism, compatible with Christianity? Orthodox Christian theologian David Bentley Hart in a June 2016 First Things article titled,”Mammon Ascendant: Why global capitalism is inimical to Christianity,” is skeptical. Continue Reading...

Does Capitalism Exploit Workers?

One of the most common criticisms of capitalism is that the system exploits workers. It’s an old claim (dating back to at least Karl Marx). But is it true? Philosopher Matt Zwolinski argues that even if individual capitalists want to exploit workers the free market tends to prevent them from doing so. Continue Reading...

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...

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