Posts tagged with: Jonathan Witt

Did ‘Social Business’ Sink the Cardboard Bike?

Did ‘Social Business’ Sink the Cardboard Bike?

Jonathan Witt, research fellow at Acton, recently wrote a piece at The Federalist about “social business.” He argues that it might do more good to own and operate an ethical business that follows through on its contracts and “respects the dignity of employees and customers,” rather than trying to have a “social business.” Witt begins by talking about a cardboard bike. In 2012, Izhar Gafni became relatively famous by creating a sturdy cardboard bike that could be sold to the poorest around the world for $20. After two years and unsuccessful Indiegogo campaign, this potentially revolutionary project has failed to go anywhere. Witt argues that “social business” is to blame:

After talking up the virtues of a “social business model,” the start-up behind the bike, Cardboard Technologies, expended considerable energy trying to raising capital from Indiegogo donors uninterested in profit. The lack of a profit motive may have played a role. It also didn’t help that the price of the bike kept shifting—from $20 to $290 to $95 plus $40 shipping. Would-be investors had to wonder: Was the bike going to have a revolutionary everyman price, or wasn’t it?

CEO Nimrod Elmish tried to explain, saying the bicycle’s price will fluctuate depending on where you live, costing more for buyers in wealthy countries and nothing for those in developing countries. “We want to bring a social business model that will make [it] available to all,” Fortune quoted him as saying. “We don’t have a price tag, we have a value tag.”

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Blog author: jcarter
posted by on Wednesday, March 26, 2014

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.

Happily, a new piece in The Economist magazine offers some helpful medicine for the confusion, insisting on the distinction between cronyism and capitalism while also pointing to some hopeful signs that a rising middle class around the globe is gaining the clout to fight the power structures that still wall millions out of the wealth creation game. My reservation about the article is that it misreads America’s Progressive era, and in the process, leaves cronyism’s favorite trick unexposed.

According to the piece, crony capitalism in America “reached its apogee in the late 19th century, and a long and partially successful struggle against robber barons ensued. Antitrust rules broke monopolies such as John D. Rockefeller’s Standard Oil. The flow of bribes to senators shrank.” Later, it tells readers that while developing countries are making progress against cronyism, “governments need to be more assiduous in regulating monopolies.”

The full text of his essay can be found here. Subscribe to the free, weekly Acton News & Commentary and other publications here.

Blog author: ehilton
posted by on Thursday, December 5, 2013

disapear doctorNo, it’s not a Sherlock Holmes book. It’s reality: American is losing doctors.

When most of us have a medical concern, our first “line of defense” is the family physician: that person who checks our blood pressure, keeps on eye on our weight, looks in our ears and our throat for infections, and does our annual physicals. And it’s these doctors that are becoming scarce.

In American Spectator, Acton Research Fellow Jonathan Witt takes a look at this issue. (more…)

Blog author: sstanley
posted by on Tuesday, July 16, 2013

The newly released movies, Lone Ranger and Iron Man 3 both feature an evil capitalist as the villain. Writing at The American Spectator, Jonathan Witt addresses this common practice in Hollywood:

This media stereotype is so persistent, so one-sided, and so misleading that an extended definition of capitalism is in order. First a quick bit of housekeeping. Yes, there are greedy wicked capitalists—much as there are greedy wicked musicians, greedy wicked landscape architects, greedy wicked manicurists, et cetera, et cetera, ad infinitum—just as there are good people in each of these professions.

Now onto what capitalism is and isn’t. Capitalism is an economic system characterized by private (rather than state) ownership of businesses, a system where investments are determined by private decision, and where prices, production, and the distribution of goods and services are determined mainly by free choices in a free market overseen by the rule of law and stable property rights. In cultural terms, most of us are what you might call functional capitalists. At least when we’re not wrestling with theoretical abstractions, we buy, sell, trade, invest, donate; and we much prefer to do so free from the dictates of one or more government bureaucrats. (more…)

When I watched Eric Metaxas deliver his remarks at this year’s national prayer breakfast, I was awed with the way he challenged the president on the issue of life and religious liberty. His words were wrapped in humor and informed by a powerful history that gave an edge to his remarks.

Metaxas challenged the president and the audience with the witness of historical figures such as William Wilberforce and Dietrich Bonhoeffer. He invited them to live out their faith and to defend the innocent and our religious freedoms. “Wilberfoce suddenly took the Bible seriously that all of us are created in the image of God, to care for the least of these. You think you’re better than the Germans of that era? You’re not,” said Metaxas. He asked: “Whom do we say is not fully human today?” If you haven’t heard his address it’s well worth your time.

In the new issue of Religion & Liberty, Metaxas defends religious liberty and offers insight into the challenges facing the culture and nation. He will keynote Acton’s Annual Dinner in October of this year.

Three great book reviews can be found in this issue. Rev. Johannes L. Jacobse offers an analysis of Leon Aron’s Road to the Temple: Truth, Memory, Ideas, and Ideals in the Making of the Russian Revolution, 1987-1991. Rev. Gregory Jensen reviews Ross Douthat’s Bad Religion: How We Became a Nation of Heretics and Jonathan Witt reviews Abundance: The Future is Better Than You Think. All three reviews uplift universal truths about God and man, something we are proud of and strive to do in the pages of R&L.

The issue also includes an excerpt titled “Desiccated Christianity” from Rev. Robert Sirico’s new book Defending the Free Market . The “In the Liberal Tradition” figure is Acton’s good friend Charles W. Colson (1931-2012). Acton had the privilege of conducting the last media interview with Colson. It’s a powerful testimony.

There is more content in the issue and be sure to check out my editor’s notes for additional comments and insight.

Blog author: jcarter
posted by on Tuesday, March 27, 2012

Over on The American Spectator website, Acton research fellow Jonathan Witt explains that contrary to the misunderstanding of many on the political and religious left, business, justice, and the Gospel are already social:
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