Acton Institute Powerblog Archives

Post Tagged 'capitalism'

Marx Redivivus?

Ross Douthat (a scheduled plenary speaker at this year’s Acton University) has a noteworthy piece this week about the revival of sorts of Karl Marx: “Marxist ideas are having an intellectual moment, and attention must be paid.” He looks at Marxism among Millennials, who perhaps can be excused for not knowing any better given their relative youth and the education many have received. Continue Reading...

Crony Capitalism’s Favorite Trick

Many who reject capitalism in favor of some “third way” do so because they often mistake it for government-corporate cronyism, says Jonathan Witt in this week’s Acton Commentary. But in countries that have begun extending true economic freedom to the masses, capitalist activity has already lifted hundreds of millions of people out of extreme poverty. Continue Reading...

Lorde, Poverty, and Envy

At Reason Thaddeus Russell argues that Macklemore and Lorde embody a kind of progressive cultural critique of capitalism, captured in the attack on “conspicuous consumption” made famous by Thorstein Veblen. Russell traces the “progressive lineage” of this critique: “Their songs continue a long tradition, rooted in progressivism, of protests against the pleasures of the poor.” Having never listened to him, I have no opinion about Macklemore. Continue Reading...

Liberating Our Labor

“I don’t build in order to have clients. I have clients in order to build!” At Slate Miya Tokumitsu writes that the motto “Do What You Love” really functions as a kind of capitalism-supporting opiate: “In masking the very exploitative mechanisms of labor that it fuels, DWYL is, in fact, the most perfect ideological tool of capitalism.” While Tokumitsu singles out Steve Jobs, perhaps Howard Roark might agree. Continue Reading...

The Intellectual Exploration Of Michael Novak

It is no stretch to say that Michael Novak is a towering figure in 20th century Catholic social thought. His 1982 seminal work, The Spirit of Democratic Capitalism, influenced thinkers in the U.S., Latin America and Soviet-controlled countries. Continue Reading...

Cooperation Makes Markets Thrive

In a recent piece for the Wall Street Journal, Emory economics professor Paul H. Rubin makes an interesting argument about the way economists tend to over-elevate and/or misconstrue the role of competition in the flourishing of markets. Continue Reading...

Video: Is the Tea Party Catholic?

Acton Institute Director of Research Samuel Gregg sat down with Daniel McInerny, the Editor of the English edition of Aleteia, to discuss his latest book, Tea Party Catholic. McInerny and Gregg explore what Catholics should believe regarding limited government, free markets and capitalism. Continue Reading...