Acton Institute Powerblog Archives

Economics and Social Problems

Lord Acton vs. the ‘New Socialists’ on Freedom

Corey Robin, professor of political science at Brooklyn College and the City University of New York Graduate Center, wrote an interesting and troubling piece last week in the New York Times titled, “The New Socialists: Why the pitch from Ocasio-Cortez and Bernie Sanders resonates in 2018.” It is part chronicle of the recent rise of self-identified socialist politicians in the United States and part meditation on what people in 2018 mean when they talk about socialism. Continue Reading...

Corporations: moral, immoral, or amoral?

Is the free market moral? To hear its opponents describe it, the free market is an unethical system that exploits workers, consumers and the environment to make a quick buck. To critics such as Marx, capitalism leaves “no other bond between man and man than naked self-interest,” replacing human connections with cost-benefit analyses and supply-and-demand charts. Continue Reading...

Don’t save Barnes & Noble!

First it happened to Toys ‘R’ Us, but we did nothing (except complain). Now it may be happening to Barnes & Noble, and we will do nothing again. (Nothing except complain, that is. Continue Reading...

Bernie Sanders, jobs, and what work really is

Last month the Washington Post reported, “Sen. Bernie Sanders (I-Vt.) will announce a plan for the federal government to guarantee a job paying $15 an hour and health-care benefits to every American worker “who wants or needs one,”…” These jobs would be the product of hundreds of government projects initiated in, “…infrastructure, care giving, the environment, education and other goals.” The projects, their costs, and how they would be financed have yet to be disclosed. Continue Reading...