Poverty

Peter J. Boettke: Capitalism, Socialism and Our Future

The video of the event on May 8 at the “Haus der Industrie” (Vienna) with Peter J. Boettke, who spoke on the topic “Capitalism, Socialism and our Future”. It was followed by a conversation with Prof. Dr. Hansjörg Klausinger from the WU-Vienna.

Socially Unjust Inflation: Why Recessions Are Inevitable and Salutary

Inflation is profoundly socially unjust. Its causes lie above all in an expansionary monetary policy, and this must be stopped. If policymakers want to prevent the inevitable recession that will follow, they will only make the problems worse.

Do We Need a ‘Great Reset’, or More Capitalism?

For many, capitalism needs to be reinvented. And yet it proved to be robust, innovative and enormously successful, especially during the pandemic. Thus, the idea of a “Great Reset” merely serves familiar anti-capitalist prejudices.

Ukraine Defends Its Freedom—And That of Russia

For years, Russian propaganda has tried to spread the narrative of NATO endangering Russia’s security. However, with his war against Ukraine, Putin is trying to thwart a free, Western-oriented Ukraine because it is a threat to his power.

The Earned Income Tax Credit (EITC)—The Best Social Program in the World

Economists and researchers in the U.S. agree: the Earned Income Tax Credit helps millions of households stand on their own two feet. Work is rewarded, and with the help of this program, one million children have escaped child poverty.

What Does the Coronavirus Crisis Teach Us about the Labor Market?

The Covid-19 crisis threw many out of work, many suffered accordingly, and labor markets were also damaged. Depending on the situation, some governments fared better than others. In any case, policymakers can learn a few things from the pandemic.

Globalization Before and After the Covid-Pandemic: Should There Be a New Normality?

It is not globalization, nor the market economy, nor capitalism that is a danger and should be reformed; it is the policies that might provide the wrong, anti-market response to the pandemic that are the real danger precisely to the growth of prosperity in the world’s poorest countries.

The Universal Destination of Goods and Private Property: Is the right to private property only a “second-tier” natural right?

Did the rich get rich by robbing the poor? Theology and Catholic social teaching have long known that wealth generation is not a zero-sum game, but a process from which everyone benefits.

Germany’s Poverty: Imported and Homemade

In Germany’s super-election year, the eternal debate about social justice is taking on even more teeth. One-sided interpretations are used by the Greens, SPD and Left Party to justify even more redistribution. The real causes are being concealed.

The Primacy of Politics and the “Other” Socialism

The “primacy of politics” over the logic of the economy is repeatedly and categorically demanded. Insofar as such efforts undermine the private property-based power of disposition over the means of production, it is the first step in the direction of the “other socialism.”

The U.S. in Decadence? The Warning Signs Cannot Be Overlooked

The United States today exhibits characteristics of decadence that historians have considered instrumental in the decline or loss of power of earlier empires. A brief analysis.

Globalization: From a Christian Perspective, The Worldwide Driver of Innovation and Mass Prosperity

Globalisation is being attacked – from the left as well as from the right. But it is indispensable for overcoming poverty, as Philip Booth showed at the Austrian Academy 2020.