Could the early socialists have envisioned an organization such as Wal-Mart or predicted the thousands of jobs created by such a firm? In this week’s Acton Commentary, Rev. Robert A. Sirico examines the “common good” and free markets in this excerpt from a recent speech at the first annual Free Market Forum, sponsored by Hillsdale College’s Center for the Study of Monetary Systems and Free Enterprise.
John H. Armstrong tackles the question, “How Should Government Deal with Poverty?”
He writes, “A regular argument made, at least from some evangelical political voices from the political left, is to cite numerous Old Testament texts about poverty and then suggest that one of the central concerns of a just government is to solve the problems associated with poverty.”
He cuts to the heart of such fallacious reasoning, recognizing “No one who has an ounce of compassion disagrees that Christians should care about poverty and its associated social ills. The issue here is not ‘Should we care about poverty and the problems related to it?’ Rather, the question is, ‘What is the best way to respond to poverty?’”
Armstong narrates what the “profound” influence of Ronald Reagan on his point of view, and concludes: “The solutions to poverty are to be found in the free enterprise system and the sooner we stop bashing business and wealth making enterprises the better will be our overall response to poverty in America.”