socialism

May 18, 2016

As Venezuela Crumbles, Will America’s New ‘Socialists’ Pay Attention?

The Venezuelan economy is buckling under the weight of its severe socialist policies, and even as its president admits to a nationwide economic emergency, the government continues to affirm the drivers behind the collapse, blaming low oil prices and global capitalism instead. 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...

April 16, 2016

When Bernie Sanders met Pope Francis

ABC Breaking News | Latest News Videos Well, it finally happened. The pope felt the Bern. Against expectations, Pope Francis and Senator Bernie Sanders, the Democrat candidate for U.S. president, met privately today in the Vatican hotel where the pontiff resides and where Sanders was staying as a guest. Continue Reading...

April 08, 2016

Why We Should Oppose Both Skynet and Minimum Wage Increases

I oppose implementing Skynet and increasing minimum wage laws for the same reason: to forestall the robots. It’s probably inevitable that a T-1000 will return from the future to terminate John Connor. Continue Reading...

December 07, 2015

The Federal ‘Anti-Poverty’ Program that Taxes the Poor

Imagine you’re at the checkout line at the supermarket and the clerk asks how much income your family earns each year. Offended, you ask why that is any of her business. Continue Reading...

December 01, 2015

Why the ‘Proto-Communism’ of Early Christians Doesn’t Work for Modern Society

“There are solid grounds for believing that the first Christian believers practiced a form of communism and usufruct [i.e., the right to enjoy the use and advantages of another’s property short of the destruction or waste of its substance],” wrote Peter Marshall in Demanding the Impossible: A History of Anarchism. Continue Reading...

November 03, 2015

Welcome to Cuba: Where doctors earn less than taxi drivers

In Cuba, taxi drivers earn far more than doctors, raking in more money in one day than a doctor will make in an entire month. The reason? Unlike most of the Cuban economy, taxi licenses are privately held and wages are not set by the state. Continue Reading...

October 16, 2015

Bernie Sanders Loves to Decry ‘Casino Capitalism,’ But What About Economic Freedom?

In last Tuesday’s Democratic debate, Senator Bernie Sanders stayed true to his famed aversion to capitalism, proclaiming the fanciful virtues of “democratic socialism.” Yet when prodded by Anderson Cooper — who asked, “you don’t consider yourself a capitalist?” Continue Reading...

August 31, 2015

Video: Wayne Grudem And Barry Asmus On A Solution To The Poverty Of Nations

So far, 2015 has given us our busiest Acton Lecture Series ever, and we’re pleased to share more of it with you today on the PowerBlog. Back on April 16, Acton had the privilege of hosting Wayne Grudem and Barry Asmus, who spoke on the topic of the book they jointly authored, The Poverty of Nations: A Sustainable Solution. Continue Reading...

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