Acton Institute Powerblog Archives

Post Tagged 'Crony capitalism'

Does capitalism always become crony?

Mark Zuckerberg has finally admitted he needs help. From the government. After years of shady dealing, data collection, and intentionally designing addictive technologies, Zuckerberg has asked the government to regulate tech. Continue Reading...

Subsidies or tax breaks, both are cronyism

Last week, President-elect Donald Trump along with Vice President-elect Mike Pence, who is the current governor of Indiana, struck a deal with United Technologies, the parent company of Carrier, in order to save over 1,000 jobs from being sent from Indiana to Mexico.  Continue Reading...

How Donald Trump’s chief strategist thinks about capitalism and Christianity

Soon after winning the election, President-elect Donald Trump created waves of controversy by naming Steve Bannon, his former campaign CEO, as chief strategist and Senior Counselor in the new administration. Yet while Bannon’s harsh and opportunistic brand of political combat and questionable role as a catalyst for the alt-right are well-documented and rightly critiqued, his personal worldview is a bit more blurry.  Continue Reading...

Angus Deaton schools Italians on economics

But was anyone listening? That’s my question after attending the 2015 Nobel-prize-winning economist‘s talk last night in Rome at the Vatican-sponsored Cortile dei gentili (Court of Gentiles). Like the other speakers, Deaton voiced his concerns about income inequality. Continue Reading...

Capitalism, cronyism, and socialism

“Having a heart for the poor isn’t hard. Having a mind for the poor…that’s the challenge.” –Poverty, Inc. This quote from the documentary Poverty, Inc. highlights the reason why so many people are willing to give their money to foreign aid, without necessarily understanding its harmful effects.  Continue Reading...