Acton Institute Powerblog Archives

Post Tagged 'cell phones'

The Smartphone Generation Isn’t All Right

The evidence is almost incontrovertible. Economic growth through free trade, globalization, and burgeoning markets have allowed for unparalleled worldwide wealth. Less than 10% of the world population lives on subsistent wages, and many of the countries still mired in poverty are destitute largely due to human-caused exigencies like war and corruption. Continue Reading...

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...
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