Acton Institute Powerblog Archives

Post Tagged 'socialism'

Why not socialism?

“In spite of socialism’s sorry track record, millions of well-meaning people think it’s a virtual synonym for compassion,” says Lawrence Reed. “But socialists themselves are constantly retreating from their own handiwork. Continue Reading...

Christians should support markets and churches, NOT social democracy

David Schelhaas, Professor Emeritus of English at Dordt College, recently published an article titled “What Does Social Democrat Mean?” Schelhaas suggests that “Christians should seriously consider the merits of social democracy.” Schelhaas is quick to point out that he does not advocate socialism, with state control and management of the means of production, coupled with the redistribution of wealth. Continue Reading...

Capitalism, cronyism, and socialism

“Having a heart for the poor isn’t hard. Having a mind for the poor…that’s the challenge.” –Poverty, Inc. This quote from the documentary Poverty, Inc. highlights the reason why so many people are willing to give their money to foreign aid, without necessarily understanding its harmful effects.  Continue Reading...

Audio: Samuel Gregg on the Limits of Social Democracy

Samuel Gregg, Director of Research at the Acton Institute and author of For God And Profit: How Banking and Finance Can Serve the Common Good, joins host Drew Mariani on Relevant Radio’s The Drew Mariani Show to discuss the recent failed referendum in Switzerland that would have provided a guaranteed basic income to all citizens, and how that vote reflects the limitations of social democracy. Continue Reading...

What Would Life Be Like Without Capitalism?

In an era where socialism is (inexplicably) once again in vogue, we should ask, “What would life be like in a world without capitalism?” The Fund for American Studies has produced a superb It’s a Wonderful Life-style video that not only shows what life would be like if we banned free enterprise (i.e., a lot like Soviet Russia) but also makes the point that when you lose economic freedom you lose other freedoms too. Continue Reading...

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