Acton Institute Powerblog Archives

Economics and Social Problems

Alexandria Ocasio-Cortez’s crass Marxist materialism

During a Martin Luther King Day discussion with the writer Ta-Nehisi Coates, Representative Alexandria Ocasio-Cortez, D-N.Y., made clear that she is not just a democratic socialist but a Marxian one. Evie Fordham of Fox Business has written a helpful summary of the remarks, including Ocasio-Cortez’s concise explanation of the Marxist theory of the exploitation of labor: “No one ever makes a billion dollars. Continue Reading...

Sir Roger Scruton on Wilhelm Röpke’s ‘Humane Economy’

This week, we received news of the unfortunate loss of Sir Roger Scruton, who passed away from cancer at age 75. As Rev. Ben Johnson wrote, Scruton was a “noted philosopher, expert on aesthetics, and intellectual architect of modern conservatism,” recently described by Prime Minister Boris Johnson as “the greatest modern conservative thinker.” Continue Reading...