Acton Institute Powerblog Archives

Post Tagged 'poverty'

Samuel Gregg on Pope Francis and radical capitalism

AP Photo/Andrew Medichini In a recent speech delivered to a gathering of the Roman round table of The Global Foundation at the Vatican, Pope Francis addressed economics. Specifically, he suggested that a capitalist ideology which is unconcerned about the marginalized has run rampant across the world.  Continue Reading...

Economics made the world a better place

“A lot of doom and gloom types say we’re living in dark times. But they’re wrong,” says economist Donald J. Boudreaux. “While there are real problems, the world has never been healthier, wealthier, and happier than it is today. Continue Reading...

Who did Democrats forget?

In this week’s Acton Commentary I weigh in with some reflections on the US presidential results: “Naming, Blaming, and Lessons Learned from the 2016 Election.” I focus on much of the reaction on the Democratic side, which has understandably had some soul-searching to do. Continue Reading...

Thomas Sowell on poverty, politics, and the origins of prosperity

“The mundane progress driven by ordinary economic and social processes in a free society becomes dramatic only when its track record is viewed in retrospect over a span of years.” –Thomas Sowell In a recent edition of Uncommon Knowledge, economist Thomas Sowell discusses his latest book, Wealth, Poverty, and Politics, which provides a comprehensive argument for the origins of prosperity. Continue Reading...

The Christian Statesman and the Gospel to the Poor

Today at Mere Orthodoxy, I argue that the duty of the Christian statesman (or stateswoman) to the poor requires defending human rights, supplying urgent needs, reducing barriers to market entry, and guaranteeing access to the institutions of justice, seeking realistic, gradual reform as possible and prudent. Continue Reading...

When it comes to economics, Pope Francis gets caught up in the rhetoric

We all (probably) want to reduce poverty, but how do we actually go about doing that? Pope Francis has been extremely vocal about this problem, but many have taken issue with his suggested solutions.When describing modern capitalism, he’s used phrases like “globalización de la indiferencia” and “cultura del descarte” or a globalization of indifference and a throwaway culture. Continue Reading...

‘Riches do not bring freedom’

The contrast between the treatments by David Bentley Hart and Dylan Pahman of the question of the intrinsic evil of “great personal wealth” this week pretty well established, I think, that in itself wealth is among the things neither forbidden nor absolutely required. Continue Reading...

The most surprising fact about American poverty

Every year, the U.S. Census comes out with its report on incomes and poverty. And every year the same finding repeatedly surprises me. As economist David Henderson says, the report “always shows that there is mobility between income categories, even in the short run, and that poverty is temporary for most people in America who experience it. Continue Reading...