socialism

December 28, 2016

5 victims of the $15 minimum wage

As protests for a $15-per-hour minimum wage continue to rage across the country, cities like Seattle and states like California and New York have already begun to adopt such schemes. Continue Reading...

December 20, 2016

What you should know about wage subsidies

Note: This is post #14 in a weekly video series on basic microeconomics. What’s the difference between a wage subsidy and a minimum wage? What is the cost of a wage subsidy to taxpayers? Continue Reading...

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 14, 2016

Are Christianity and Communism mutually exclusive?

Did Pope Francis just publicly endorse Communism? Recent comments have prompted many to suggest he has. During an interview with Eugenio Scalfari, they had the following exchange: [Scalfari:] You told me some time ago that the precept, “Love your neighbour as thyself” had to change, given the dark times that we are going through, and become “more than thyself.” Continue Reading...

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...

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...

July 29, 2016

Economic and religious implications of the DNC platform

Earlier this week, I talked about the religious and economic implications of the RNC platform. As the DNC wraps up, it is time to examine the relevant points of the Democratic platform. Continue Reading...

July 15, 2016

Christians should support markets and churches, NOT social democracy

David Schelhaas, Professor Emeritus of English at Dordt College, recently published an article titled “What Does Social Democrat Mean?” Schelhaas suggests that “Christians should seriously consider the merits of social democracy.” Continue Reading...

June 30, 2016

Capitalism, cronyism, and socialism

“Having a heart for the poor isn’t hard. Having a mind for the poor…that’s the challenge.” –Poverty, Inc. This quote from the documentary Poverty, Inc. highlights the reason why so many people are willing to give their money to foreign aid, without necessarily understanding its harmful effects. Continue Reading...

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