Acton Institute Powerblog Archives

Post Tagged 'freedom'

The 6 Elves of Capitalism

In “The Elves and the Shoemaker,” the famous fairy tale by the Brothers Grimm, a cobbler and his wife struggle to survive, barely making enough to eat (never mind investing in the future of their business). Continue Reading...

Audio: Samuel Gregg on The End of Europe

The recent terrorist attacks in Paris have again brought to the forefront discussions about problems of culture faced by both Europe and the United States. The attacks have complicated western responses to the Syrian refugee crisis, with concerns about the stated intentions of groups like ISIS to smuggle operatives into western nations among the legitimate refugees in order to carry out terror operations. Continue Reading...

China Ends One-Child Policy, Still Limiting Births

The BBC reported today that China is ending its one-child policy, providing the following overview: Introduced in 1979, the policy meant that many Chinese citizens – around a third, China claimed in 2007 – could not have a second child without incurring a fine In rural areas, families were allowed to have two children if the first was a girl Other exceptions included ethnic minorities and – since 2013 – couples where at least one was a single child Campaigners say the policy led to forced abortions, female infanticide, and the under-reporting of female births It was also implicated as a cause of China’s gender imbalance Before everyone celebrates, China did not, however, eliminate all limits but changed the limit to two children. Continue Reading...

Bernie Sanders Loves to Decry ‘Casino Capitalism,’ But What About Economic Freedom?

In last Tuesday’s Democratic debate, Senator Bernie Sanders stayed true to his famed aversion to capitalism, proclaiming the fanciful virtues of “democratic socialism.” Yet when prodded by Anderson Cooper — who asked, “you don’t consider yourself a capitalist?” — Sanders responded not by attacking free markets, but by targeting a more popular target of discontent: Wall Street and the banks. Continue Reading...

What Pope Francis Misses About the Morality of Capitalism

“Defending capitalism on practical grounds is easy,” writes economist Donald Boudreaux at the Mercatus Center. “It is history’s greatest force for raising the living standards of the masses.” What’s more difficult, it seems, is understanding its moral logic, spiritual implications, and which of each is or isn’t inherent to private ownership and economic exchange. Continue Reading...