Is the Pope Calling for a Universal Basic Income?
Pope Francis never called for a “universal basic income” as a new socio-political model. He asked for financial assistance for those on the margins who have been harmed by the quarantine. Even so, the idea of a “basic income” is only feasible, if at all, in a country with strong protection of property rights and a market economy.
What Comes after the Coronavirus Crisis – More Socialism or More Capitalism?
Statism is on the rise, despite the fact that western nations were ill-prepared for the Coronavirus pandemic. Old leftist demands are now given even more credence than usual. How can classical liberals and capitalists counter this statist impulse?
Market Capitalism and Christian Social Ethics: A Contradiction?
Capitalism and free markets are widely considered to be incompatible with Christian social ethics. At a closer look, however, market capitalism turns out to be the economic order most consistent with the basic principles of Christian ethics.
Catholic Social Teaching: Out of Touch with Economic Thought
Human history is deeply marked by mass poverty. This was only overcome by the capitalistic industrial revolution. Catholic ethicists and theologians would be wise to learn about the economic factors that have lifted people out of poverty and continue to increase the general standard of living.
In Our Heads We Are All Marxists—How Marx’s Myths Shape Our Affluent Society
Even though few self-identify as Marxists, many of the Marx’s ideas remain in fashion. In particular, his denigration of capitalists and entrepreneurs as stealing from workers, and his failure to identify their effective beneficence, remain quite popular.