Acton Institute Powerblog

Promoting free societies characterized by liberty & religious principles

Search results for "crony capitalism"
September 23, 2015

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...
September 22, 2015

Have Cookies Convinced the Pope About Capitalism?

Based on their latest headline, it looks like someone from the Acton Institute is writing for the The Onion: Pope Francis Reverses Position On Capitalism After Seeing Wide Variety Of American Oreos As the article says: Admitting the startling discovery had compelled him to reexamine his long-held beliefs, His Holiness Pope Francis announced Tuesday that he had reversed his critical stance toward capitalism after seeing the immense variety of Oreos available in the United States. Continue Reading...
July 23, 2015

The Moral Crisis of Cronyism and Corporate Welfare

U.S. Rep. Justin Amash, in an article for www.mlive.com, discussed the recent charter expiration of the Export-Import Bank (Ex-Im) and how that is a good first-step toward reducing the corporate welfare and crony capitalism that has infected American politics and economics: If a man swipes your wallet, he’s a thief. Continue Reading...
June 30, 2014

A Cultural Case for Capitalism: Part 12 of 12 — Beyond Marxism

[Part 1 is here.] That most colossal blunder of Marxist experiments, the Soviet Union, collapsed more than twenty years ago, and yet Marxist thinking still penetrates the warp and woof of contemporary culture, so much so that it’s easy even for avowedly anti-Marxist conservatives to think from within the box of Marxism when considering the problem of cultural decay. Continue Reading...