Acton Institute Powerblog Archives

Post Tagged 'socialism'

Bernie Sanders Loves to Decry ‘Casino Capitalism,’ But What About Economic Freedom?

In last Tuesday’s Democratic debate, Senator Bernie Sanders stayed true to his famed aversion to capitalism, proclaiming the fanciful virtues of “democratic socialism.” Yet when prodded by Anderson Cooper — who asked, “you don’t consider yourself a capitalist?” — Sanders responded not by attacking free markets, but by targeting a more popular target of discontent: Wall Street and the banks. Continue Reading...

Living The Hamster Or The Hobbit Life

When it comes to urban planning, nobody beats the Soviets. First, they wanted to plan: no mish-mosh, haphazard cities, towns and burgs sprouting up like in the decadent West. Of course, structures had to address equality. Continue Reading...

Socialism, Venezuela And The Art Of The Queue

According to Daniel Pardo, citizens of Venezuela have figured out the fine art of queuing (that’s “waiting in line” for Americans.) It’s a good thing, too, since things like milk, sugar, soap, toilet paper and other essentials are always in short supply in this socialist country. Continue Reading...

No, Socialism Wouldn’t Succeed ‘If Only Men Were Angels’

When arguing about the merits of a free economy, its defenders often give way to a peculiar line of reasoning that goes something like this: “Socialism would be wonderful if it actually worked, and it could actually work if only men were angels.” Such claims are meant to frame socialists as foolish idealists obsessed with their silly utopias. Continue Reading...

Greeks Lurch Left

It gets really interesting now in the wake of Syriza’s stunning victory in yesterday’s Greek elections, widely interpreted as a populist rejection of austerity programs that could spread to other indebted European Union basket cases. Continue Reading...

Explainer: What Just Happened With Cuba?

What just happened with Cuba? Yesterday, President Obama announced that, “the United States of America is changing its relationship with the people of Cuba.” He instructed Secretary Kerry to immediately begin discussions with Cuba to reestablish diplomatic relations that have been severed since 1961. Continue Reading...

Can Summer Jobs Reduce Violent Crime?

Giving disadvantaged youth a summer job reduces violent crime, according to a new study published to the journal Science. In a randomized controlled trial among 1,634 high school youth in Chicago, assignment to a summer jobs program decreases violence by 43 percent over 16 months (3.95 fewer violent-crime arrests per 100 youth). Continue Reading...