Acton Institute Powerblog Archives

Post Tagged 'Cronyism'

The Moral Crisis of Cronyism and Corporate Welfare

U.S. Rep. Justin Amash, in an article for www.mlive.com, discussed the recent charter expiration of the Export-Import Bank (Ex-Im) and how that is a good first-step toward reducing the corporate welfare and crony capitalism that has infected American politics and economics: If a man swipes your wallet, he’s a thief. Continue Reading...

Cronyism Isn’t Just About Economics; It’s About Culture

According to Merriam-Webster, “cronyism” is ” the unfair practice by a powerful person (such as a politician) of giving jobs and other favors to friends.” For instance, former Detroit mayor, Kwame Kilpatrick, surrounded himself with friends and family members while in office, as he cheerfully plundered the city’s coffers, sharing the wealth with his entourage. Continue Reading...

G.I. Joe Vs. the Pentagon’s Crony Industrial Complex

When it comes to spending on national defense the political debate is often presented as a simplistic, binary contest between those who want to spend more and more (often conservatives, who want a strong military) and those who want to spend less and less (often liberals, who want to use the money for social welfare purposes).  Continue Reading...

Death And Redemption In Ukraine

Bohdan Solchanyk was not a materialistic young man. He did not seek worldly pleasures, but rather took delight in his studies, his fiancee, his faith. What Bohdan wanted -what they both wanted – was live in the Ukraine with dignity and freedom. Continue Reading...

Economic Freedom Isn’t Enough

We know that, for economies to thrive, people must be free to start their own businesses without taxing regulations, that free trade must be the de facto means of doing business, and that cronyism and corruption must be eradicated. Continue Reading...

Net Neutrality? Yes. Title II? No.

I have spoken in the past in favor of net neutrality, writing, Whoever is responsible for and best at enforcing it, net neutrality had this going for it: it was a relatively stable, relatively open playing-field for competition…. Continue Reading...

A Cultural Case for Capitalism: Part 12 of 12 — Beyond Marxism

[Part 1 is here.] That most colossal blunder of Marxist experiments, the Soviet Union, collapsed more than twenty years ago, and yet Marxist thinking still penetrates the warp and woof of contemporary culture, so much so that it’s easy even for avowedly anti-Marxist conservatives to think from within the box of Marxism when considering the problem of cultural decay. Continue Reading...

A Cultural Case for Capitalism: Part 7 of 12 — What have the capitalists ever done for Wendell Berry!

[Part 1 is here]. In Monty Python’s Life of Brian, the ring leader of a little band of first-century Jewish rebels asks, “What have the Romans ever done for us?” He’s sure the answer is absolutely nothing, but one of the rebels meekly pipes up with “The Aqueduct.” A moment later another rebel squeaks, “And the sanitation.” Then another, “The Roads.” The ringleader grudgingly grants all of this and then tries to wrench the meeting back on track. Continue Reading...