Blog author: jcarter
Tuesday, August 13, 2013

Many people believe that market economies create a dog-eat-dog environment full of human conflict and struggle. But as Prof. Aeon Skoble explains, the competition in markets encourages people to cooperate with one another for mutual benefit.

(Via: Institute for Faith, Work, and Economics)

In the world of celebrity-do-gooders, Bono has earned the reputation of being more than a mouthpiece. Over two decades, the musician has created the ONE campaign, worked with Amnesty International, collaborated on the Band Aid bono clintonconcerts, and became increasingly involved in poverty-stricken Africa. He worked for years to promote debt forgiveness for African nations, while working for increased foreign aid.

And now? Bono says capitalism is the answer. Rudy Carrasco writes at Prism Magazine:

…Marian Tupy, who writes at the Cato Institute blog, ‘For years, Bono has been something of a pain, banging on about the need for billions of dollars in Western foreign aid…’

The world has taken notice that Bono has adjusted his economic tune. In a November 2012 speech at Georgetown University, Bono said, ‘Aid is just a stopgap. Commerce [and] entrepreneurial capitalism take more people out of poverty than aid.’ One month earlier Bono had shared at a tech conference in Ireland that he was humbled to realize the importance of capitalism and entrepreneurship in philanthropy.

These recent declarations, however, have been brewing for a few years. A 2010 New York Times op-ed by Bono notes how ‘lefty campaigners’ and business elites are learning to collaborate: “The energy of these opposing groups is coming together [because both] see poor governance as the biggest obstacle they face.”

Bono’s affirmation—that business takes more people out of poverty than aid—should be a rallying cry for a new generation.


boss moneyIn light of the latest hubbub over the minimum wage, I recently wrote that “prices are not play things,” arguing that we do ourselves and our neighbors no favors by trying to subvert and distort market signals according to arbitrary whims. Instead, I argue, we should reach beyond such low-ball thinking, focusing on creation and contribution rather than sitting and settling.

Over at Think Christian, Jordan Ballor offers some related thoughts, including a helpful reminder that while prices matter, wages do not represent a “commentary on the value of the human person as such.” Tying our self-worth to marketplace value, he argues, “can be a misleading and potentially destructive identification.”

In Work: The Meaning of Your Life, Lester DeKoster pushes heavily in this same direction, going so far as to say that although work and wages move on “parallel tracks,” “neither track is the cause of the other or the goal of the other”:

What is a just wage? It is a paycheck that recognizes the personal relationships that underlie work and civilization. Involved are both the needs of the worker – at all levels – and success of the enterprise – in which all are involved…[T]hose whose work is concerned with the creation and administration of wage and price scales must be economic artists whose jobs bear heavy moral responsibility. What the traffic will bear or wage scales that only grim necessity will oblige the poor to accept are artistic guidelines that enjoy no endorsement from heaven. The search for just wage and fair price is never-ending, for the market is always changing and so are the forms required of work. Economic justice is by no means universal even in the best of civilizations.

How, then, do they relate? (more…)

Blog author: jcouretas
Tuesday, August 13, 2013

Howard Zinn

Howard Zinn

In an opinion piece in The Wall Street Journal, David J. Bobb examines the way in which Howard Zinn has been elevated by Hollywood and the academic left to make “the late Marxist historian more influential than ever.” Bobb, the director of the Hillsdale College Kirby Center for Constitutional Studies and Citizenship in Washington, begins with the campus furor that erupted among Zinn supporters when former Indiana Gov. Mitch Daniels, now president of Purdue University, criticized Zinn after the historian died in 2010. Bobb writes that “90 faculty members hailed Zinn as a strong scholarly voice for the powerless and cast the former governor as an enemy of free thought.” Yes, predictable but difficult to see how these charges have any substance when you consider that Zinn’s A People’s History of the United States (described aptly by Daniels as “execrable”) has sold 2.2 million copies to date and most in the past decade. A healthy share of these copies, I’d wager, were purchased by secondary schools and colleges.

Bobb describes in “Howard Zinn and the Art of Anti-Americanism” how his ideas are spreading throughout the educational system: (more…)

Blog author: ehilton
Tuesday, August 13, 2013

At City Journal, authors Joel Kotkin and Ali Modarres wonder if the modern city can still be a place for families, or if cities are now only for the childless. They point out that, historically, cities were based on family life, right up until the last rockwell citycentury or so. Then, the suburbs happened: folks with children wanted more space, better public schools and cheaper housing. What they lost (access to the arts, culture, more extensive food choices) didn’t seem as important as a yard and three bedrooms. Have cities now become the domain of the childless?

Demographic trends seem to bear out this vision. Over the past two decades, the percentage of families that have children has fallen in most of the country, but nowhere more dramatically than in our largest, densest urban areas. In cities with populations greater than 500,000, the population of children aged 14 and younger actually declined between 2000 and 2010, according to U.S. Census data, with New York, Chicago, Los Angeles, and Detroit experiencing the largest numerical drop. Many urban school districts—such as Chicago, which has 145,000 fewer school-age children than it had a decade ago—have seen enrollments plummet and are busily closing schools. The 14-and-younger population increased in only about one-third of all census-designated places, with the greatest rate of growth occurring in smaller urban areas with fewer than 250,000 residents.

Consider, too, the generation of Americans between the ages of 25 and 34 in 2000. By 2010, the core cities of the country’s 51 most populous metropolitan areas had lost, on average, 15 percent of that cohort, many of whom surely married and started having children during that period. While it’s not possible to determine where they went, note that suburbs saw an average 14 percent gain in that population during the same period.


Blog author: jcarter
Tuesday, August 13, 2013

Social Justice Reconsidered: Report from the Philadelphia Society
Jeremy Mann, Mere Orthodoxy

While the phrase “social justice” has been used since the Jesuit priest Luigi Taparelli coined the term in 1840, Friedrich Hayek never could found a good definition, due to two persistent problems.

‘Disinformation’ and a Dubious Source
Victor Gaetan, National Catholic Register

Lt. Gen. Ion Mihai Pacepa’s story defames a legendary Vatican diplomat and undermines positive Catholic-Russian Orthodox relations.

Swiss asked to ditch God from national anthem
Christian Institute

Switzerland is holding a competition to rewrite its national anthem because it currently focuses on God.

Why Capitalism Is Awesome
Chris Berg, Cato Policy Report

We have higher living standards than our ancestors because of the little things. We ought to be more aware of the continuous, slow, and imperceptible creative destruction of the market economy, the refiners who are always imperceptibly bettering our frozen pizzas, our bookshelves, our pencils, and our crayons.

A recent Boston Globe headline reads: “Marketing to millennials can be a tough sell.” The article relates the differing approaches of Campell’s, Lindt USA, and GE when it comes to marketing to Millennials, highlighting a general skepticism and indifference toward advertising in the target demographic:

For instance, marketing materials for GE’s Artistry series of low-end appliances featuring retro design touches, due out this fall, says it focuses on “the needs of today’s generation of millennials and their desire to uniquely express themselves.”

Lindt USA recently introduced a line of chocolates — they include Berry Affair and Coconut Love flavors — that are wrapped in vibrant packaging and are being promoted through social media.

And packaging for Campbell’s Go Soup, which comes in microwavable pouches with ingredients such as chickpeas, quinoa, and smoked Gouda, features photos of young people with thought bubbles. The sayings include cutesy snippets like “Make your momma proud” and “What’s kickin’?”

The idea is to hook millennials now and remain connected with them as they progress to bigger and more expensive products.

But marketing specialists and consumers like Volain question the effectiveness of that approach.

“My immediate reaction to targeted marketing is to picture a bunch of people sitting around in a room saying, ‘How can we get these people to buy these products?’” [Anna] Volain [a millennial] said.

While I am sympathetic to Volain’s sentiment here, I think something deeper is at work. There is an erroneous anthropological assumption that people of a particular, generic group must be homogeneous enough that all one needs to do is figure out the perfect calculus for appealing to their sensibilities, and they will be hooked on a brand for life. In particular, I think the problem is ultimately a Marxist error: assuming that one can perfectly categorize a whole group of people and then act on their behalf. (more…)