Samuel Gregg on the bankruptcy of woke capitalism

Should corporations hitch their businesses to leftist causes, such as suppressing the Betsy Ross flag? At Public Discourse, Acton Institute Director of Research Samuel Gregg writes that “woke capitalism feeds on deep confusion about the nature and ends of business.” Gregg describes how businesses contribute to the common good by fulfilling their own ends, which generate wealth and prosperity for society. Continue Reading...

Has the purpose of corporations changed?

In his influential 1962 book Capitalism and Freedom economist Milton Friedman promoted the position of shareholder primacy by declaring that a corporation has no real “social responsibility” to the public, since its only concern is to increase profits for the shareholders. Continue Reading...

Uruguay’s dignifying prison: Entrepreneurship as rehabilitation

The United States faces significant challenges when it comes to prisoner rehabilitation. According to a recent study, more than 700,000 prisoners are released annually from federal and state prisons. Unfortunately, “within three years, 40 percent will be reincarcerated.” To curb that trend, we’ve seen a range of efforts to improve correctional education and find better ways of supporting prisoners in their journeys toward social reconnection. Continue Reading...