Latest Posts

The fallacy of capitalism’s ‘race to the bottom’

The Biden administration proposes a global minimum tax on corporations to end the “global race to the bottom.” Leaving aside the wisdom of letting France tax U.S.-based corporations, this phrase recalls one of the regnant canards of our time: Capitalism inevitably lowers living standards and grinds people down into poverty. Continue Reading...

Kingdom economics: Work and trade as gift-giving

When reflecting on our economic action, we tend to be overly focused on one side of the exchange: our own benefit, our own profit, our own “piece of the pie.” Our consumer-centered culture happily affirms such an emphasis, routinely promoting a zero-sum vision of the economy and self-centered attitudes about vocation, daily work, and economic exchange. Continue Reading...

The free market vs. the ‘Really Really Free Market’

Recently in Grand Rapids an old idea served as a catalyst for a new community event, the “Really Really Free Market.” This “market” was open to guests where they are free to give and take a range of goods provided by community members and organizations free of charge: Organizer MC Camp said the community-building event feels too good to be true to many, but represents local generosity. Continue Reading...