Cuba loosens restrictions on private businesses to battle COVID-19

Over the past decade, Cuba’s private sector has experienced slow-but-steady growth thanks to a mix of entrepreneurial grit and incremental policy changes. Although the Communist government continues to waffle on the scope and duration of various restrictions, the number of self-employed Cubans has risen from 150,000 to 600,000 since 2010 – that is, until the outbreak of the global health pandemic. Continue Reading...

Herman Cain, RIP

Herman Cain, the 2012 Republican presidential hopeful and former CEO of Godfather’s Pizza, passed away early Thursday morning at the age of 74. During his meteoric rise from poverty to the heights of the business world, Cain shared his faith in Christ, free markets, and the American dream. Continue Reading...

Culture matters: China’s pre-revolutionary remnants

In our efforts to reduce poverty and spur economic growth, it can be easy to be consumed with top-down policy solutions and debates about the proper allocation of resources. Yet as many economists are beginning to recognize, the distinguishing features of flourishing societies are more readily found at the levels of culture – in our attitudes, beliefs, and imaginations. Continue Reading...

Following the crowd: Rene Girard on the denial of Peter

This week, June 29, was the solemn feast of Saints Peter and Paul. The Apostle Peter is remembered for many things: his declaration of Jesus as the Messiah; his boasting of fidelity, followed by his threefold denial of Christ; and his subsequent repentance and heroic martyrdom The late French anthropologist and former Stanford professor Rene Girard has an insightful discussion about the denial of Peter and the problem of scapegoating and contagion. Continue Reading...

Video: How ‘Poverty, Inc.’ can help the West cure global poverty

The Acton Institute continues to lead the global poverty discussion, as the Canada-Africa Chamber of Business hosted a screening of its award-winning documentary Poverty Inc. Afterwards the chamber held a virtual panel of speakers from around the world, including the film’s producer, Acton Institute Research Fellow Michael Matheson Miller, about how the movie’s insights apply to poverty eradication programs. Continue Reading...

What the Costa Rica Beer Factory can teach us about reopening the economy

Many restaurants still remain closed or constrained due to COVID-19 and the corresponding lockdowns, spurring renewed appreciation for the contributions that such businesses make. Yet in addition to reminding us of the humanizing aspect and social value of these businesses, the lockdowns have also highlighted the vulnerability of local enterprise in the face of onerous rules and regulations. Continue Reading...
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