Acton Institute Powerblog

Could Wealth Redistribution End Global Poverty?

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Could the response to the Coronavirus lead to another Great Depression? Fr. Robert Sirico, President of Acton Institute discusses how to balance public safety and economic reality with EWTN's Raymond Arroyo. Tune in Thursday, April 9 at 8:30 PM EST.

Americans make up around four percent of the world population and yet they control over 25 percent of the world’s wealth. What if we were to simply redistribute our wealth to the most needy people on the planet—wouldn’t that end global poverty almost overnight?

“The answer unfortunately is no,” says philosopher Matt Zwolinski. “Sharing one’s wealth with those who have less is admirable and it often helps to relieve immediate suffering. But just sharing existing wealth we’ll never be enough to lift billions of people out of poverty in a sustainable way. To understand why we need to look at history.”

Joe Carter

Joe Carter is a Senior Editor at the Acton Institute. Joe also serves as an editor at the The Gospel Coalition, a communications specialist for the Ethics and Religious Liberty Commission of the Southern Baptist Convention, and as an adjunct professor of journalism at Patrick Henry College. He is the editor of the NIV Lifehacks Bible and co-author of How to Argue like Jesus: Learning Persuasion from History's Greatest Communicator (Crossway).