Acton Institute Powerblog Archives

Post Tagged 'economic crisis'

Jim Wallis, Davos Capitalism, Cronyism, and the ‘New Social Covenant’

Sojourners’ Jim Wallis has been at the Davos gathering in Switzerland and is urging us to be guided by a new Davos “covenant.” If you’ve never heard of Davos, Michael Miller’s RealClear Politics piece “Davos Capitalism” describes the gathering and its unassailable hubris this way: Davos capitalism, a managerial capitalism run by an enlightened elite–politicians, business leaders, technology gurus, bureaucrats, academics, and celebrities–all gathered together trying to make the economic world smarter or more humane…. Continue Reading...

Samuel Gregg: Americans’ ‘Absurd Expectations’ and the Economic Crisis

Samuel Gregg, Acton’s Director of Research and author of the book “Becoming Europe“, says one of America’s real debt dangers is our increasing sense of entitlement from the government. In today’s Investor’s Business Daily editorial, Gregg states our “insatiable appetites” are getting us into the very deep economic trouble that no one, least of all politicians, seems to want to face: …Luxembourg’s Prime Minister Jean-Claude Juncker famously lamented in 2007: “We all know what to do, but we don’t know how to get re-elected once we have done it.” It’s tempting to see this as a peculiarly Western European problem. Continue Reading...

World Youth Day: Pope talks profits and people

On his flight to World Youth Day in Madrid this morning, Pope Benedict XVI responded to a question about the current economic crisis. Not sure what the question was, but the well-respected Italian Vatican analyst Andrea Tornielli captured the reply. Continue Reading...

Benedict Reflects on Caritas in Veritate

Joan Lewis, EWTN’s Rome bureau chief, covered Pope Benedict XVI’s general audience address on Wednesday, July 8 , during which the pontiff publicly commented on his landmark social encyclical “Caritas in Veritate” the day after it was officially released by the Vatican. Continue Reading...