Acton Institute Powerblog Archives

Post Tagged 'redistribution of wealth'

Christianity, Socialism, and Wealth Creation

Christian churches in the West have been focused on redistribution of income rather than the creation of wealth, says Brian Griffiths in this week’s Acton Commentary. Through much of the post-war period in the West, the formation of economic policy was dominated by Keynesian activism on the part of governments seeking an increasing role in providing public services, reducing material poverty, and reshaping income redistribution. Continue Reading...

Capital Then and Now

Speaking of Thomas Piketty, here’s a very helpful and revealing interview with Matthew Yglesias, “Thomas Piketty doesn’t hate capitalism: He just wants to fix it.” (HT: PEG) A few highlights with some comment: On the need for a historical perspective in economics: Thomas Piketty: … It’s not only economists’ fault. Continue Reading...

What Every Christian Should Know About Income Inequality

In his recent State of the Union address, President Obama has signaled that income inequality will be his domestic focus during the remainder of his term in office. The fact that the president considers income inequality, rather than employment or economic growth, to be the most important economic issue is peculiar, though not really surprising. Continue Reading...

Pete Seeger, 1919-2014

Pete Seeger performing the Woodie Guthrie song “This Land is Your Land” at President Obama’s “We Are One” Inaugural Concert, January 19, 2009. Environmentalist, agent provocateur, leftist activist, recovering Communist and ardent redistributionist – all apply to the folksinger who died Monday in New York at the age of 94. Continue Reading...

6 Bad Arguments About Income Inequality

Earlier this week I claimed you rarely hear progressives argue that income inequality is a problem since for them it just is an injustice. But there’s another reason you rarely hear them make arguments about why income inequality is morally wrong: their actual arguments are terrible. Continue Reading...

Would Hayek Have Supported Obamacare?

“You can be for markets without being against redistribution,” says Erik Angner, a philosophy professor at George Mason University. Angner argues that the Nobel-winning economist Friedrich Hayek offers an alternative to contemporary liberals and leftists on the one hand and conservatives and libertarians on the other. Continue Reading...