Marx vs. the universal basic income

While a universal basic income has been advocated by everyone from Bernie Sanders to Charles Murray and Pope Francis, the name most associated with wealth redistribution is Marx. However, in a little-known writing Marx specifically opposed the UBI, calling it inefficient and counterproductive. Continue Reading...

Generosity through trade: The power of giving and receiving

In cultivating a Christian ethic of economic generosity, we tend to focus heavily on traditional acts of charity—donating our dollars, volunteering our time, and so on. Likewise, in heeding Jesus’ call in Matthew 25 to serve the “least of these,” we often think through the lens of one-way material transfers. Continue Reading...

Global wealth inequality has been falling: Report

“Economic inequality is out of control,” according to Oxfam, which releases a dire-sounding report about inequality every year on the eve of the World Economic Forum in Davos. The 2020 edition faults the supposed “dominance of neoliberal economics, which values deregulation and reduction in public spending,” and the alleged existence of “monopolies,” for “accelerating economic inequality.” Continue Reading...