Magatte Wade

Magatte Wade

This  week on Radio Free Acton, Magatte Wade joins us to discuss the challenges and rewards of being an entrepreneur in Africa. Too often, people in the West tend to think of Africa as a place to send aid rather than a place to engage in trade. Magatte is working to change that attitude while building her beauty company, Tiossan, as well as the local economy in her native Senegal.

Wade will be joining us as a plenary speaker at Acton University in Grand Rapids, Michigan in June. If you’re interested in attending, head over to the Acton U website for registration information, and do it quickly, as registration closes at midnight on May 20. You can listen to the podcast via the audio player below.

conscience-angel-devilA new Pew Research survey finds that the majority of American Catholics  (73 percent) say they rely “a great deal” on their own conscience when facing difficult moral problems. Conscience was turned to more often than the three other sources — Catholic Church’s teachings (21 percent), the Bible (15 percent) or the pope (11 percent) — combined.

While it never really went away, conscience is making a comeback among Christians.

Over the past few years, the term conscience has been increasingly referenced in debates occurring both in our churches (e.g., appeals to conscience on moral issues) and the public square (e.g., defending the right of conscience). This is a welcome resurgence, since formation and promotion of Christian conscience is particular important to our primary mission at Acton of articulating a “vision of society that is both free and virtuous, the end of which is human flourishing.

We hear a lot about conscience, but what exactly does it mean? The general concept of conscience can be found in almost every human culture, but it has a unique and distinctive meaning for Christians. The Greek term for conscience (suneidesis) occurs more than two dozen times in the Bible, and serves an important concept, particularly in the Pauline epistles. If we examine the way Scripture talks about conscience we uncover five general themes:
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Kris Mauren, executive director of the Acton Institute, kicks off the second season of the Free Market Series, a television program for American and Canadian audiences produced by The World Show in partnership with the Montreal Economic Institute and broadcast on PBS affiliates. In Episode 1, Mauren takes apart the “fatally flawed poverty industry” and talks about Acton’s Poverty Inc. documentary. Interview notes:

Many people imagine that free markets are synonymous with self-interest and greed, but for Kris Mauren, freedom is a necessary condition of a good society. As he describes in this illuminating interview, when he co-founded the Acton Institute, the errors of rejecting markets were becoming undeniable. With the fall of the Berlin Wall and of real communism, he says, “we could see the results of generations of socialist experimentation, and the results were not good. And people of good will have to be concerned with results, not just philosophy.” (more…)

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The Interfaith Center on Corporate Responsibility, shareholder activists of the corporate God-fly variety, are gearing up for the May 25 ExxonMobil Corporation annual general meeting. The ICCR agenda isn’t about maximizing shareholder value, but seems far more intent on reducing it.

For the record, your writer possesses no financial stake in ExxonMobil, but if he did it’s certain he’d be upset mightily at ICCR’s efforts to hobble the industry giant and send stock prices plummeting even further. The religious-left activists of ICCR have submitted seven proxy resolutions aimed at ExxonMobil this season. Aiming to protect the interests of all its investors, the company challenged the resolutions, but was overruled by the U.S. Securities and Exchange Commission. According to the ICCR website:

Included in this group of resolutions are calls for greater disclosure of lobbying activities that may be tied to the types of climate change denial campaigns currently under investigation, as well as a call for board expertise on environmental issues and a resolution asking that the company acknowledge the “moral imperative of limiting global warming to 2 celsius”, the threshold participants at the COP21 climate talks agreed could not be exceeded if we are to safeguard our planet’s future. Another resolution asks that the company assess the risks of their carbon assets within the context of this carbon-constrained future.

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Recently we considered a simple tool and metric for measuring economic well-being: real GDP per capita.

Yet such metrics feel can seem materialistic. What about the things that money can’t buy, we wonder, like health and happiness?

As economist Alex Tabarrok explains, while real GDP is an imperfect measure, it tends to be correlated with many of the non-monetary improvements that contribute to human flourishing.

Acton Institute Director of Research Samuel Gregg is in Rome this week for Acton’s conference on the 125th anniversary of Pope Leo XIII’s ground-breaking encyclical Rerum NovarumThe conference – titled Freedom with Justice: Rerum Novarum and the New Things of Our Time – takes place on April 20th from 2-7:30 pm at the Roma-Trevi-Conference Center in Rome, Italy.

Sam sat down for an in-depth interview with Vatican Radio about the encyclical and the conference, noting that “there are many things about Rerum novarum that are timeless, partly because the encyclical draws very specifically on natural law [and] Thomistic thought, when it discusses things like, for example, its defense – its very rigorous defense – of private property, but also its very strong critique of socialism.”

For more information on the conference, visit acton.org/rome2016; you can follow the conference as it happens on twitter using #125onFreedom.

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Blog author: jcarter
Tuesday, April 19, 2016
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