Acton Institute Powerblog Archives

Economics and Social Problems

Cuba Libre: Protestors call for an end to communism and oppression

Cubans are taking to the streets over food shortages and outrageously high prices, calling for an end to the country’s communist regime with mass protests. “Cuban citizens have taken to the streets across the country for the first time in more than six decades to protest against deteriorating living conditions and the lack of basic goods and services, including medical attention amid increasing numbers of coronavirus infections,” The Wall Street Journal reported. Continue Reading...

Why capitalism is worth conserving

Amid the waves of populism and protectionism sweeping across the American Right, capitalism has become a favorite target of many prominent conservatives, blamed for the decline of religion, the demise of the family, and the erosion of civil society. 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...

Walter Williams, RIP

The world has lost a voice for logic, liberty, and love of the U.S. Constitution. Economist Walter Williams died overnight at the age of 84. Williams worked his way out of grinding poverty in the Philadelphia housing projects to chair George Mason University’s economics department, author 10 books and more than 150 publications, and become one of the most recognized commentators of the last four decades. Continue Reading...

Economic freedom means longer life, lower infant mortality, and less poverty: Report

Economic freedom is strongly tied to human flourishing, longevity, and even rates of survival, according to a new study. The Fraser Institute released its 2020 “Economic Freedom of the World” report on Thursday and, once again, the Canadian think tank found a strong correlation between free-market economics, prosperity, and overall levels of public health and well-being. Continue Reading...