capitalism

December 13, 2016

Cuba’s pioneers of capitalism: Marcus Lemonis goes to Havana

Although the Cuban people continue to suffer and struggle under the weight of communist rule, many have been encouraged by even the slightest of Raul Castro’s incremental changes toward private businesses. Continue Reading...

November 28, 2016

Samuel Gregg: Economic nationalism will not make America great

In a new article at The Stream, Acton Director of Research Samuel Gregg offers good reasons why a move toward economic nationalism is not in the best interest of America. He starts with this: Whatever the motivations for such policies, their costs vastly outweigh their benefits. Continue Reading...

November 15, 2016

Edmund Burke on economic freedom and the path to flourishing

Advocates of economic freedom have a peculiar habit of only promoting the merits of the free markets as they relate to innovation, poverty alleviation, and economic transformation. In response, critics are quick to lament a range of “disruptive” side effects, whether on local communities or human well-being. Continue Reading...

October 10, 2016

Why the ‘free market’ economy should be called the ‘initiative-centered’ economy

The term “free market” doesn’t really capture the essence of the economic system that produces prosperity, says Michael Novak. The secret that “liberated more than a half billion of their citizens from poverty” was not mere freedom but private ownership and personal initiative. Continue Reading...

September 26, 2016

What WALL-E and Wilhelm Röpke teach us about work and economics

Humans have a tendency to daydream about a day or a place where work is no more, whether it be a retirement home on a golf course or a utopian society filled with leisure and merriment. Continue Reading...

September 22, 2016

Is there something inherently evil about Capitalism?

What is the role that Christians play in business and the marketplace? A recent episode of Equipped with Chris Brooks, titled “Is Capitalism bad business?” wrestles with that question and more. Continue Reading...

August 17, 2016

The true face of ‘capitalism’

Frank Borman, then-chairman of the Eastern Airlines, said that “capitalism without bankruptcy is like Christianity without Hell.” That’s one way to take Peter Heslam’s reflection on the closing of BHS in the UK, “Business with a Human Face.” Continue Reading...

July 29, 2016

Why Milton Friedman’s Capitalism and Freedom is still relevant today

As we approach what would be Milton Friedman’s 104th birthday this Sunday, July 31st, we should note the enduring significance of his evaluation of the connection between economic and political freedom. Continue Reading...

July 20, 2016

The Harmful Effects of Protectionism

What is the biggest economic problem that the U.S. is currently facing? Depends who you ask. Some social justice warriors would tell you that capitalism is ruining our economy, yet many who have studied and understand economics would argue the opposite. Continue Reading...

July 08, 2016

Stewarding Retirement: Why a Christian’s Work Never Ends

As Christians in the modern economy, we face a constant temptation to limit our work and stewardship to the temporal and the material, focusing only on “putting in our 40,” working for the next paycheck, and tucking away enough cash for a cozy retirement. Continue Reading...

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