In our efforts to spur economic growth and retain American dynamism, we tend to be overly consumed by surface-level tweaks to our economic systems. Yet economists continue to discover that the distinguishing features of flourishing societies are more readily found at the levels of culture. Continue Reading...
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April 10, 2021
Jimmy Lai ‘guilty,’ faces 5 years in prison for democratic assembly
In the latest twist in China’s suppression of Hong Kong’s rights, pro-democracy dissident Jimmy Lai has been convicted of taking part in an unauthorized, prayerful assembly and entered a guilty plea to taking part in a second such event. Continue Reading...
April 09, 2021
Lessons from a kibbutz on the problems of ‘bottom-up socialism’
When making the case against socialism, many of its critics focus first on the “practical” problems: the lack of incentives and market prices, the fatal conceits of central planners, the totalitarian temptations of ruling elites, etc. Continue Reading...
April 07, 2021
Sen. Raphael Warnock on Easter: Socialism is ‘more transcendent’ than Jesus’ resurrection
The most insightful critics of Marxism said that socialism’s greatest failure comes not from economics but anthropology and theology. Sen. Raphael Warnock, D-Ga., put that reality on display on Easter Sunday, when he tweeted that collective social action “is more transcendent than the resurrection of Jesus Christ.” Continue Reading...
March 31, 2021
Study reveals exactly how teachers unions lock children out of schools
Last Friday, Vice President Kamala Harris raised the plight of harried parents dealing with the life dislocation of children being locked out of in-person education in the public schools – and erupted in gales of inappropriate laughter. Continue Reading...
March 31, 2021
Why the economy is not a zero-sum game: a simple explanation
What do these two statements have in common: “Poverty is caused by overpopulation,” and “The rich get richer only as the poor get poorer”? Answer: They both inaccurately presuppose the economy is a zero-sum game. Continue Reading...
March 31, 2021
Freedom of choice is foundational to poverty relief
This essay won second place in the essay contest of the Acton Institute’s 2020 Poverty Cure Summit, which took place on Nov. 18-19, 2020. The author will receive a $3,000 prize. Continue Reading...
March 31, 2021
Poverty Cure Essay Contest winners, 2021
How can we effectively combat poverty? Students from across the globe answered that question and brought fresh ideas to the table in our recent essay competition, which took place as a part of the 2020 Poverty Cure Summit. Continue Reading...
March 30, 2021
The Suez Canal blockage: a metaphor for our economy
A team of engineers and an unusually high tide freed the Ever Given, the container ship that blocked the Suez Canal for six days, on Monday. Obstructing the canal that facilitates 13% of world’s maritime trade not only educated Americans about the international dimensions of our economy, it also served as a metaphor for the artificial constraints, taxes, and regulations that block so many people from participating in our economy. Continue Reading...
March 30, 2021
Jubilee and Social Justice: A dangerous quest to overcome social inequalities
Kim Tan. Jubilee and social justice: A dangerous quest to overcome inequalities. Abingdon Press. 2021. 102 pages.
Kim Tan, the co-founder of the Transformational Business Network, has just published his latest book: Jubilee and Social Justice. Continue Reading...