Acton Institute Powerblog Archives

Post Tagged 'economic development'

A Cultural Case for Capitalism: Part 7 of 12 — What have the capitalists ever done for Wendell Berry!

[Part 1 is here]. In Monty Python’s Life of Brian, the ring leader of a little band of first-century Jewish rebels asks, “What have the Romans ever done for us?” He’s sure the answer is absolutely nothing, but one of the rebels meekly pipes up with “The Aqueduct.” A moment later another rebel squeaks, “And the sanitation.” Then another, “The Roads.” The ringleader grudgingly grants all of this and then tries to wrench the meeting back on track. Continue Reading...

Jonathan Witt on the Failure of ‘Social Business’

Jonathan Witt, research fellow at Acton, recently wrote a piece at The Federalist about “social business.” He argues that it might do more good to own and operate an ethical business that follows through on its contracts and “respects the dignity of employees and customers,” rather than trying to have a “social business.” Witt begins by talking about a cardboard bike. Continue Reading...

How Religious Freedom Helps the Poor

Freedom to practice one’s faith and be a person of faith can be instrumental in enabling the poor to achieve some modicum of social and economic freedom, says Rebecca Shah: Religion is no panacea, but aspects of religion can activate certain practices and partnerships among its adherents that can motivate and encourage economic development. Continue Reading...

Poverty Is Expensive

There are several ways to understand that poverty is expensive. First poor people pay more for the things they buy or they find that cheap stuff is not good. The poor find it hard to pay for housing which leads to having a harder time saving money even by cooking. Continue Reading...

Vatican Draws Connection Between Family Values, Economic Development

A prominent Catholic bishop recently told development experts at a UN meeting that the family is the time-tested “building block” of a charitable and economically prospering society. He said healthy, stable families allow “intergenerational solidarity” to take root in cultures, where the young gratuitously care for their elders, and vice versa, out of a fundamental Christian moral duty and capacity for human love. Continue Reading...

Bill Gates on Poverty and Inequality

In a recent interview with Rolling Stone, Bill Gates — the richest man in the world — shares his thoughts on poverty and inequality: Should the state be playing a greater role in helping people at the lowest end of the income scale? Continue Reading...