Acton Institute Powerblog Archives

Post Tagged 'globalization'

What Pope Francis Misses About the Morality of Capitalism

“Defending capitalism on practical grounds is easy,” writes economist Donald Boudreaux at the Mercatus Center. “It is history’s greatest force for raising the living standards of the masses.” What’s more difficult, it seems, is understanding its moral logic, spiritual implications, and which of each is or isn’t inherent to private ownership and economic exchange. Continue Reading...

The Smile Curve and the Future of the Middle Class

The smile curve is an idea came from the computer industry, but it applies broadly. It’s a recognition, in graph form, that there is good money to be made (or more value to be added) in research and development, and, at the other end, in marketing and retailing. Continue Reading...

How U.S. Farm Subsidies Hurt the Global Poor

In the following clip from the PovertyCure series, Doug Seebeck explains how U.S. agricultural subsidies have significant negative consequences both at home and abroad — misaligning human action, distorting market signals, and diminishing opportunities for the least of these. Continue Reading...

Is Religious Freedom Good for Economic Growth?

In the United States, we’ve only begun to see how impediments to religious liberty can harm and hinder certain businesses and entrepreneurial efforts. Elsewhere, however, particularly in the developing world, religious restrictions and hostilities have long been a barrier to economic growth. Continue Reading...

The Connection Between Inequality and Poverty Alleviation

“If there is one thing that religious leaders around the world seem to agree on today,” says Acton research associate Dylan Pahman, “it is the evils of income inequality stemming from a globalized economy.” But as Pahman points out, there is a connection between inequality and poverty alleviation that affirms the moral merits of economic liberty: It would seem the consensus is that economic inequalities have increased worldwide, and this is a clear moral evil. Continue Reading...

Phantom Needs: Projecting Poverty Where It Doesn’t Exist

As we continue to encounter the adverse effects of certain forms of foreign aid and other misaligned efforts to alleviate poverty, it becomes increasingly clear that those in need require a level of care, concern, and discipleship not well suited to detached top-down “solutions.” But just as we ought to be careful about the types of solutions we create, we ought to give the same level of attentiveness to the needs themselves, which are no less complex and difficult to discern. Continue Reading...