Acton Institute Powerblog Archives

Post Tagged 'Wall Street'

Discussion Question: What Makes Insider Trading Wrong?

For most of my life, much of what I’ve learned about the world came from watching movies. This was especially true in 1983, when I was in junior high. That was the year I learned about astronauts (The Right Stuff), thermonuclear war (War Games), and ewoks (Return of the Jedi). Continue Reading...

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...

Peace and Provision at a Pizza Shop

Rosa’s Fresh Pizza in Philadelphia has now given away more than 10,000 slices of pizza, using a unique “pay-it-forward” system where “customers can pre-purchase $1 slices for those in need.” The story is inspiring on a number of levels, illuminating the power of business to channel the best of humanity toward meeting complex needs in new and unexpected ways, often quite spontaneously. Continue Reading...

Dodd-Frank: The Other Serious Threat

At least Obamacare comes at us head on. The greater legislative threat may be the one that most Americans have never heard of. Economist Scott Powell and Acton friend Jay Richards explain in a new piece in Barron’s: While Obamacare received more attention, the Wall Street Reform and Consumer Protection Act, also known as Dodd-Frank after its Senate and House sponsors, … unleashed a new regulatory body, the Consumer Financial Protection Bureau, to operate with unprecedented power. Continue Reading...

Unions Go Shoe Shopping

My sister has a small pillow in her bedroom that’s embroidered with the words “She who dies with the most shoes wins.” I’m sure Lloyd Blankfein’s daughter has one just like it. Continue Reading...

Class Warriors for Big Government

My commentary this week addresses the demonstrations in New York and in other cities against free enterprise and business. One of the main points I make in this piece is that “lost in the debate is the fundamental purpose of American government and the importance of virtue and a benevolent society.” Here is the list of demands by the “Occupy Wall Street” movement. Continue Reading...

St Francis on Wall Street

Occupy Wall Street?On the Sojourners blog, Shane Claiborne marks the feast day of St. Francis of Assisi by absurdly wondering if “he’d be on Wall Street protesting today.” This follows the practice of shrinking Jesus Christ and various saints of the church down to pocket size (What Would Jesus Cut?) in order to fit them into whatever pet political project is at hand, in this case the Occupy Wall Street antics. Continue Reading...

The Need to be a Victim

For some, in our still largely affluent society, there is a deep seated need to be a member of the victim class. The background of your socioeconomic privilege is no obstacle, as they must create a narrative that points to being a victim. Continue Reading...