Acton Institute Powerblog Archives

Post Tagged 'Economic systems'

November 14, 2016

Why not socialism?

“In spite of socialism’s sorry track record, millions of well-meaning people think it’s a virtual synonym for compassion,” says Lawrence Reed. “But socialists themselves are constantly retreating from their own handiwork. Continue Reading...
May 17, 2016

Does Capitalism Exploit Workers?

One of the most common criticisms of capitalism is that the system exploits workers. It’s an old claim (dating back to at least Karl Marx). But is it true? Philosopher Matt Zwolinski argues that even if individual capitalists want to exploit workers the free market tends to prevent them from doing so. Continue Reading...
May 03, 2016

What Would Life Be Like Without Capitalism?

In an era where socialism is (inexplicably) once again in vogue, we should ask, “What would life be like in a world without capitalism?” The Fund for American Studies has produced a superb It’s a Wonderful Life-style video that not only shows what life would be like if we banned free enterprise (i.e., Continue Reading...
July 15, 2014

Baptists and Wesleyans on Faith and Flourishing

In the latest issue of Faith and Economics, a bi-annual journal from the Association of Christian Economists, Dr. Robert Black reviews two of CLP’s four tradition-specific primers on faith, work, and economics: Chad Brand’s Flourishing Faith (from a Baptist perspective), and David Wright’s How God Makes the World a Better Place (from a Wesleyan perspective). Continue Reading...
November 27, 2013

When Economic Moralism Clashes with Reality

With the November 26 publication of Pope Francis’s apostolic exhortation Evangelii Gaudium, we have the first teaching document that is truly his own. And it very much shows, both in style and content, compared to the encyclical Lumen Fidei, which was mostly written by Pope Benedict XVI. Continue Reading...