Acton Institute Powerblog

Promoting free societies characterized by liberty & religious principles

Against trade wars as class wars

Debates between free-traders and protectionists routinely devolve into competing variations of class warfare – each claiming the cause of the “common man” against a wealthy and entrenched elite. Whereas protectionists argue that trade liberalization primarily benefits the rich, displacing disproportionate numbers of working-class employees, free-traders rush to the defense of working-class consumers, whose pocketbooks are undoubtedly harmed by tariffs and restrictions. Continue Reading...

How the $15 minimum wage accelerates community decline

As Congress debates the specifics of yet another stimulus bill, President Joe Biden and Sen. Bernie Sanders continue to push for the inclusion a $15 federal minimum wage – a policy that is only likely to prolong pandemic pain for America’s most vulnerable businesses and workers. Continue Reading...

When cronyism meets ‘creative destruction’

Amid rapid globalization, Americans have faced new pressures when it comes to economic change, leading to abundant prosperity, as well as significant pain and disruption across communities. In search of a villain, populists and progressives routinely blame the expansion of free trade and rise of global conglomerates, arguing that entrenched and moneyed interests are now allowed to run rampant from country to country with little competition or accountability. Continue Reading...

Alejandro Chafuen in Forbes: Is Sweden’s a model response to COVID-19?

This week, Alejandro Chafuen – the Acton Institute’s Managing Director, International – reflects in Forbes about his comparisons between Sweden’s response to the COVID-19 pandemic and that of other countries. Sweden has been held up as a model by those who favor less exacting responses to the coronavirus and condemned by those who advocate for more severe measures. Continue Reading...

David French’s Christian vision for economic freedom

Given the recent wave of populism and protectionism sweeping across the American Right, we see increased criticism of free markets among conservatives – complete with lengthy debates about the purpose of the nation-state, the role of the market in civil society, and whether classical liberalism has any enduring value in an age of technological disruption and globalization. Continue Reading...
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