Posts tagged with: prosperity

image1We live, work, and consume within an increasingly grand, globalized economy. Yet standing amidst its many fruits and blessings, we move about our lives giving little thought to why we’re working, who we’re serving, and how exactly our needs are being met. Adam Smith’s “invisible hand” feels more invisible than ever.

In response to our newfound economic order, big and blurry as it is, many have aimed to pave paths toward more “communitarian” ends, epitomized by recent waves of “localist consumerism,” “artisanal shops,” and “social entrepreneurship.” Such efforts can be tremendously fruitful, and insofar as they meet real human needs, we should heed their resistance to blind marches toward “progress.”

I only wish that such movements would appreciate the broader range of possible solutions. The slow and local is all well and good, but something as mundane and mainstream as a local McDonald’s can serve community needs just as well as the trendy mom-and-pops of the future. The big and global is not necessarily the enemy of the small and local.

As Chris Arnade demonstrates through a series of stories, for many low- and middle-income areas, “McDonald’s have become de-facto community centers and reflections of the surrounding neighborhood,” offering a hub for the very sort of social fabric-weaving that crunchy communitarians crave. (Note: I was an employee and then shift manager of a McDonald’s during my teenage years.)

One can be resistant to the nutritional risks of the food — just as I remain resistant to the budgetary risks of overpriced “artisanal donuts” — and still perceive the value that such enterprises bring to local communities everywhere: economic, social, and (dare I say) spiritual. (more…)

A simple example of hamburgers being made at home versus at a restaurant can help illuminate the explosion of prosperity since the Industrial Revolution, says Don Boudreaux in this Marginal Revolution University video.

The story of the division of labor and development of specialized tools is an old story (Adam Smith introduced the concept in his Wealth of Nations), but it still has tremendous explanatory power about how prosperity is created.

umpFor many evangelicals, 2 Chronicles 7:14 has become a predictable refrain for run-of-the-mill civil religion, supposedly offering the promise of national blessing in exchange for political purity.

“If my people, who are called by my name, will humble themselves and pray and seek my face and turn from their wicked ways, then I will hear from heaven, and I will forgive their sin and will heal their land.”

If the nation returns to golden days of godliness, we are told, blessings shall abound and the land shall be restored. If policy follies are fixed and rampant rulers remedied, the garden will once again grow. We are to “take our country back,” saith the Lord, if grace and mercy are to enter the scene.

Yet as Russell Moore reminds us, to apply the verse in such a way amounts to little more than “theological liberalism” – “whatever one’s political ideology”:

This verse is a word written to a specific people – the people of God – who were coming home from exile. They were coming home from a time in which they were dominated and enslaved by a foreign power. At a time when they needed to be reminded of who they were, who God was and what he had promised to do, this passage was given to them to point them back to Solomon’s reign, reminding them of what Solomon did when he built the temple, the house of the Lord, the place of the gathering of the worship of God…

… When God said to them, “If my people who are called by name,” he was specifically pointing them back to the covenant that he made with their forefather Abraham. At a specific point in their history, God had told Abraham about his descendants, saying “I will be their God” and “They will be my people.” That’s what “My people” means.

God reminded a people who had been exiled, enslaved and defeated that a rebuilt temple or a displaced nation cannot change who they were. They were God’s people and would see the future God has for them.

But what future does God promise us?


Blog author: jsunde
Thursday, December 10, 2015

elvesIn “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).

One morning, however, they wake to find that their last scraps of leather have been turned into a remarkable pair of shoes. Not knowing the source of such craftsmanship — and apparently incurious — the cobbler sells them off at a higher price, gaining new capital to grow his business. Each night thereafter, the miracle continues, and the enterprise grows in turn.

Months later, they finally take an interest in the source of such help, staying awake through the night to spot two naked elves, each happily laboring to make more shoes. The wife sews clothes for the elves, who, after finishing their work, express their thanks and graciously depart, never to be seen again.

One can find several morals or lessons in the tale, but Jeffrey Tucker does a marvelous job of highlighting its themes on the meaning of work, the gift of exchange, and the glories of capitalism. (more…)

The highly popular “buy-one, give-one” models — as epitomized by the popular TOMS Shoes brand — have long held the attention of Western do-gooders. It’s quick, it’s easy, and hey, people like the shoes. And let’s not forget the power of the Warm & Fuzzies.

Yet many are beginning to raise concerns about the actual impact of these activities. As Acton’s Michael Matheson Miller recently explained in an interview with Knowledge@Wharton, “The one-for-one model can undermine local producers. When you give free things, why would you buy local shoes?”

In the debut of his new smarty-pants comedy show, “Adam Ruins Everything,” Adam Conover chooses to set his sights on precisely this:

To their credit, TOMS Shoes has taken certain steps to reconsider its model, including a decision to “employ 100 Haitians and build a ‘responsible, sustainable’ shoe industry in Haiti.” But alas, by all public appearances, there is still a ways to go. (more…)

immigrationAs the number of Republicans vying for the presidency reaches new levels of absurdity, candidates are scrambling to affirm their conservative bona fides. If you can stomach the pandering, it’s a good time to explore the ideas bouncing around the movement, and when necessary, prune off the poisonous limbs.

Alas, for all of its typical promotions of free enterprise, free trade, and individual liberty, the modern conservative movement retains a peculiar and ever-growing faction of folks who harbor anti-immigration sentiments that contradict and discredit their otherwise noble views. For these, opposing immigration is not about border control, national security, or the rule of law (topics for another day), but about “protecting American jobs” and “protecting the American worker.”

Consider the recent shift of Scott Walker. Once a supporter of legal immigration, Walker now says that immigration hurts the American worker, and that “the next president and the next Congress need to make decisions about a legal immigration system that’s based on, first and foremost, protecting American workers and American wages.” Or Rick Santorum, who has made no bones about his bid for the protectionist bloc. “American workers deserve a shot at [good] jobs,” he said. “Over the last 20 years, we have brought into this country, legally and illegally, 35 million mostly unskilled workers. And the result, over that same period of time, workers’ wages and family incomes have flatlined.” (more…)

LemonisMarcus2I’ve written before on how television can be a powerful tool for illuminating the deeper significance of daily work and the beauties of basic trade and enterprise. Shows like Dirty Jobs, Shark Tank, Undercover Boss, and Restaurant Impossible have used the medium to this end, and today at The Federalist, I review a new contender in the mix.

CNBC’s The Profit is arguably the best reality show currently on television. Starring Marcus Lemonis, a Lebanese-born American entrepreneur and investor, each episode highlights an ailing businesses in desperate need of cash, care, and wisdom.

By the end, we get a remarkable view into the types of struggle, pain, glory, and redemption that occur across countless businesses every single day.

The show counters a host of false stereotypes about business, three of which I highlight in my piece. But one that is perhaps more popular and pernicious than all is the notion that business and is necessarily driven by greed and selfishness.

On the contrary, I argue, selfishness kills and service prospers: (more…)