As we reap the benefits of market exchange and observe the many achievements of free trade and globalization, it’s easy to give credit to the market itself, either ignoring or forgetting the supporting individuals, communities, and institutions who actively leveraged it for the common good.

Read more on Where Capitalism Ends, the Covenant Continues…

A few days ago, a documentary entitled: Half the Sky: Turning Oppression into Opportunity for Women Worldwide, a portion of which is devoted to depicting the situation of violence against women in Sierra Leone, aired on Public Broadcasting Station (PBS). Not portrayed in the documentary, but also a factor that puts women in the country at a disadvantage is little or no right to private property. An INRN article states, “…the vast majority of women in Sierra Leone live under traditional land tenure structures that do not recognize a woman’s right to own property.”

These structures have prevented women from owning land, which is vitally important for business operation and personal livelihood. Escape from this land system is nearly impossible. Many of the provinces in Sierra Leone are governed through a legal system run by heads of ruling families, known as paramount chiefs. The article goes on to explain, “Paramount chiefs, the “custodians of the land,” are generally men and most ethnic groups do not allow women to inherit land and property.” Read more on Access Denied: Property Rights for Women Not a Given…

Forbes recently ran a profile of Christian billionaire and Hobby Lobby CEO David Green. According to Forbes, Green is “the largest evangelical benefactor in the world,” giving “at upwards of $500 million” over the course of his life, primarily to Christian ministries.

Yet, for Green, his strong Christian beliefs don’t just apply to how he spends his wealth; they’re integral to how it’s createdin the first place:

Hobby Lobby remains a Christian company in every sense. It runs ads on Christmas and Easter in the local paper of each town where there’s a store, often asserting the religious foundation of America. Stores are closed on Sundays, forgoing revenue to give employees time to worship. The company keeps four chaplains on the payroll and offers a free health clinic for staff at the headquarters–although not for everything; it’s suing the federal government to stop the mandate to cover emergency contraception through health insurance. Green has raised the minimum wage for full-time employees a dollar each year since 2009–bringing it up to $13 an hour–and doesn’t expect to slow down. From his perspective, it’s only natural: “God tells us to go forth into the world and teach the Gospel to every creature. He doesn’t say skim from your employees to do that.”

Economists have increasingly recognized the ways in which healthy stewardship and property rights are linked—how increased ownership leads individuals to weigh costs and benefits more thoughtfully and effectively. Green’s comments add a slight twist to this approach, calling Christians in particular to reconsider who the “owner” actually is and how we might weigh particular costs/benefits and subsequent action accordingly:
Read more on Hobby Lobby’s Billionaire CEO Says ‘God Owns It’…

Whether a problem is a matter of “public policy” or “private-policy” often depends on how we think about property rights, says economist David R. Henderson. Take, for example, the debate about whether evolution or Intelligent Design theory should be taught in schools:
Read more on How Property Rights Solve Policy Problems…

I can always find common ground with the Distributists I meet. We want to replace the government-corporate cronyism that characterizes so much of our current economic system. And we want our culture to raise up young people with the skills, virtues and freedom to accumulate productive capital and invest it in ways that promote human flourishing for themselves and others.

Read more on Belloc, Distributism and Political Power…

It sounds draconian and contrary to the beliefs of many humanitarian organizations, including the United Nations which declared water as a basic human right in 2010. However, if we expect to take the correct steps forward to solve the global water crisis, then water must be treated as a commodity not a basic human right.

Read more on Water is not a human right…

The Wall Street Journal offers a welcomed reminder of the value of tax revolts titled, “The Spirit of 13.” Proposition 13 is a notable property tax revolt which was led by the late California citizen Howard Jarvis in 1978. There are several books about the famed revolt and many attribute the event to helping fuel the “Reagan Revolution.”

Read more on The Wall Street Journal on Proposition 13…

The speaker for the Seventeenth Acton Institute Annual Dinner is former Estonian Prime Minister, Dr. Mart Laar. One of the economic reforms Laar implemented in Estonia was a flat tax. After what was described as a brilliant economic turnaround, other countries have followed Estonia’s lead on flat tax policies and free market policies in general. Russia, Ukraine, Latvia, Lithuania, Slovakia, Romania, and Macedonia also have flat taxes for income.

Read more on Bulgaria embraces flat tax and freedom…

It’s hard to believe that it’s been nearly a year since the Supreme Court handed down its decision in Kelo v. City of New London, which seriously damaged the institution of property rights.

Read more on Remembering Kelo…

Things are looking grim for the rule of law in Bolivia. An article in today’s Washington Post outlines the growing conflict between the minority of Bolivians who own land and the landless majority. As Monte Reel writes in “Two Views of Justice Fuel Bolivian Land Battle,” this month the Bolivian government, under the direction of the “agrarian revolution” of president Evo Morales, “began a project to shuffle ownership rights affecting 20 percent of its land area, giving most of it to the poor. And tensions are starting to boil.”

Read more on Private Property and the Will of God…