Acton Institute Powerblog Archives

Post Tagged 'subsidies'

Farm Subsidies Follow-up: Feed the Rich

In one of this week’s Acton Commentaries, Ray Nothstine and I juxtapose a static, sedentary dependence on government subsidies with a dynamic, entrepreneurial spirit of innovation. The impetus for this short piece was an article that originally appeared in the Grand Rapids Press (linked in the commentary). Continue Reading...

Farm Subsidies: Sustaining Dependency

Are farmers hooked on pork? Jordan Ballor and Ray Nothstine look at the current battle over farm subsidies. “By encouraging the production of overabundant commodities, the government is creating a cycle of dependency that undermines entrepreneurial initiative,” they write. Continue Reading...

The New (Green) Robber Barons

What do you call titans of industry who influence governmental regulation to provide them with tax and subsidy incentives to make a business venture profitable? They used to be called robber barons…now apparently they’re “eco-millionaires.” The NYT piece gives a brief overview of four such figures: Bruce Khouri “did not found Solar Integrated until 2001 once tax and subsidy incentives made the market more attractive.” Pedro Moura Costa says he “saw the carbon market could be big business and the Kyoto Protocol confirmed my views.” According to David Scaysbrook, “tax breaks, subsidies and emissions caps had prompted even more conservative investors ‘to finally move off their perch.'” And “Neil Eckert, chief executive of Climate Exchange, which runs the main European exchange for carbon trading, has shares worth about 18 million pounds ($36 million). Continue Reading...

Subsidies at Home, Suffering Abroad

In today’s NYT: “Oxfam Suggests Benefit in Africa if U.S. Cuts Cotton Subsidies.” “Eliminating billions of dollars in federal subsidies to American cotton growers each year would reduce American cotton production and exports, raise world prices by about 10 percent and modestly improve the incomes of millions of poor cotton farmers in Africa, according to a new study by Oxfam, the aid group.” About how many other industries could a similar thing be said? Continue Reading...

Negotiating Entitlements

Last night the President spoke of “the challenge of entitlements” and said that “Social Security and Medicare and Medicaid are commitments of conscience — and so it is our duty to keep them permanently sound.” “With enough good sense and good will, you and I can fix Medicare and Medicaid — and save Social Security,” he averred. Continue Reading...

Money for Nothing, or So it Seems

These kinds of stories make me sick, and they are all too common. In today’s Washington Post, a lengthy article examines the Livestock Compensation Program, which ran from 2002-2003, and cost over $1.2 billion. Continue Reading...