Acton Institute Powerblog Archives

Acton Occasional Series

Tim Scott’s response to Joe Biden’s address to Congress: 6 quotes

Sen. Tim Scott of South Carolina delivered the Republican response to President Joe Biden’s address to a joint session of Congress. Scott’s well-received address traversed the full ground of faith, virtue, and economics – openly declaring that “becoming a Christian transformed my life,” hailing the “the most inclusive economy in my lifetime” under the Trump administration, and stating boldly that “America is not a racist country.” Continue Reading...

The fallacy of capitalism’s ‘race to the bottom’

The Biden administration proposes a global minimum tax on corporations to end the “global race to the bottom.” Leaving aside the wisdom of letting France tax U.S.-based corporations, this phrase recalls one of the regnant canards of our time: Capitalism inevitably lowers living standards and grinds people down into poverty. Continue Reading...

The Suez Canal blockage: a metaphor for our economy

A team of engineers and an unusually high tide freed the Ever Given, the container ship that blocked the Suez Canal for six days, on Monday. Obstructing the canal that facilitates 13% of world’s maritime trade not only educated Americans about the international dimensions of our economy, it also served as a metaphor for the artificial constraints, taxes, and regulations that block so many people from participating in our economy. Continue Reading...

Explainer: What is the PRO Act?

The House of Representatives passed the PRO Act, the most significant compulsory union membership expansion bill in decades, by a 225-206 vote on Tuesday. The Protecting the Right to Organize Act, or “PRO Act,” of 2021 would force millions of workers to pay union dues against their will, cripple freelance work, erase free speech and privacy rights, skew elections in favor of unionization, and radically increase the federal government’s intervention into everyday workplace disputes. Continue Reading...