Acton Institute Powerblog Archives

Post Tagged 'Structure'

The Patriot’s Asterisk

We Americans have a peculiar relationship to the term “patriot.” To question someone’s patriotism is considered an insult, while to praise their patriotism is a compliment. Yet strangely, the only people who refer to themselves, completely without irony or qualification, as patriots are old veterans, old conservatives, and certain pro athletes in New England . Continue Reading...

Cooperation Makes Markets Thrive

In a recent piece for the Wall Street Journal, Emory economics professor Paul H. Rubin makes an interesting argument about the way economists tend to over-elevate and/or misconstrue the role of competition in the flourishing of markets. Continue Reading...

Deneen and Creative Destruction

Among many other bizarre claims in his most recent article at The American Conservative, Patrick Deneen writes, Today’s conservatives are liberals — they favor an economy that wreaks “creative destruction,” especially on the mass of “non-winners,” increasingly controlled by a few powerful actors who secure special benefits for themselves and their heirs…. Continue Reading...

10 Perils of Prosperity

Sustained prosperity is new and sustained prosperity for masses of people is completely unprecedented. What is sustained prosperity? It’s three or more generations of people who do not need to focus on survival or live in economic depression, but who can live comfortably even if they live paycheck to paycheck. Continue Reading...

Access vs. Ownership in ‘Collaborative Consumption’

New rental markets are popping up all over the place, as detailed by a recent Wall Street Journal article. The trend is beginning to drive a larger movement labeled by some as “collaborative consumption,” wherein “sharing” is pushed as a way of “reinventing old market behaviors.” Continue Reading...