Book Reviews, Children’s picture books, Economics
Nobody knows how to make a pizza
by Julie Borowski 2019 / 30 pages The picture book's title makes a claim that my daughter just couldn't believe: "Come on Dad, you know how to m...
Saturday Selections – April 30, 2022
Meet one of Canada's anti-abortion influencers (6 min) Though this profile is by a decidedly left-wing outlet, it still can't help highlight how impa...
Saturday Selections - January 16, 2021
Sea shanties go viral (7 min) If you have boys who think singing is girly, there's a new viral trend of men singing manly. For more on this sea shant...
Documentary, Movie Reviews
Documentary 77 minutes / 2019 RATING: 7/10 "From 1970 until today the percentage of people living at starvations door has decreased by 80%. Two billion people have been pulled out of starvation-level poverty. What did that!?! What did that? That was my vision quest, to figure out what did that." – Arthur Brooks The Pursuit is the story of one man's search for the best way to lift the world's poorest out of their poverty. And what the former French-horn player and current globe-trotting economics professor Arthur Brooks discovered is that it's the free market that did this, that lifted literally billions out of extreme poverty. Brooks makes for an interesting guide for this journey. In passing he identifies himself as a Catholic only to, moments later, start sharing Buddhist wisdom. He takes us to the words of the Apostle Paul, but soon after takes us to the home of the Dali Lama. So why would a Buddhist/Catholic former French horn player make a good guide for Christians interested in learning about economics, and the benefits of the free market? It's because, as much as he might differ from us in big ways and small, his case for free trade is built on principles that line right up with Scripture. He doesn't quote it, but his foundation is the Second Greatest Commandment (Matt. 22:36-40) – Brooks is clearly motivated by a love for his neighbor. That same command is often used as a justification for socialism – if we care for our neighbor, why wouldn't we use the State's taxing power to help the poor? But Brooks responds with a very practical, Prov. 27:14 type, counter-argument: good intentions are not enough. He does that by taking us to a coal mining town in America, where the mine has been shut down, to show that however well-intentioned the socialist government programs might be, they don't help in the long run. He also takes us to the slums of India to visit some of the world's poorest. The desperately poor still remain, but Hindol Sengupta, editor-at-large for Fortune India, estimates that if not for market reforms initiated in India three decades ago, 300 million more Indians would still be impoverished. Socialism didn't help – this improvement came about by allowing people the freedom to make choices, sell their own labor and goods, and make the most of whatever (even if they were limited) opportunities that might come their way. This came about via capitalism's free markets and free enterprise, not socialism's compulsion and restriction. So Brook's argument is simple then: if we believe good results are more important than good intentions, we should support the economic system that actually helps the poor. And that's capitalism. ONE CAUTION I'd highly recommend The Pursuit, but it does require a little discernment on Christians' part. We need to remember that despite Brooks quoting Scripture – sometimes quite insightfully – his is not a strictly biblical perspective. So, for example, he makes this good point in citing 1 Tim 6:10: " putting yourself always ahead of other people. I often reflect on the verse in the New Testament that's most often misquoted: 'Money is the root of all evil.' "That's a misquote of the Apostle Paul. Here's the real Scripture: "For the love of money is the root of all evil." This really illuminates the problem of materialism. It's the not the existence of material things. It's not the abundance around us. That's great! The problem is, not the money, it's the love of money. It's not the stuff. The stuff isn't the problem. It is the attachment to the stuff." This is an important point, but it goes askew when Brooks immediately pairs it with the Buddhist philosophy of detachment. Buddhists are right that money makes for a lousy idol and can't possibly satisfy us, but the answer isn't simply detachment. The proper corrective to false worship isn't merely to stop it; we need to start worshipping the one true God. This is where the film falls short. It is excellent in highlighting problems with socialism, and envy, and covetousness, and hard-heartedness. And The Pursuit even directs us to an economic system that will help many materially. But when it comes to what matters most – Who do you serve? – Brooks is stuck on the Second Greatest Commandment and doesn't bring us to the First: to love the Lord our God with all our heart, soul, and mind (Matthew 22:35-40). CONCLUSION At a time when 4 in 10 Americans believe socialism is a good thing, and many Christians think it the compassionate approach, there is a need for a film like this, that makes the very practical case against socialism that it isn't actually caring because it doesn't actually work. That message and a charming host make The Pursuit both an important film and a pleasure to watch. The Pursuit is playing in limited engagements across North America (to find locations check here) and can also be rented via the iTunes stores here. Jon Dykstra also blogs on movies at ReelConservative.com. ...
The rich keep getting richer… and they're not the only ones
Capitalism helps everyone. That might be hard to believe right now, with the worldwide economy in the doldrums, and with many fingering capitalism as the culprit. But before we jump on the anti-capitalist bandwagon, and before we ask the government to take over larger areas of the economy, it would be a good idea to look back and get a proper understanding of the good capitalism has done. The fact is, capitalism is responsible for lifting billions of people out of poverty and creating improved standards of living that previous generations couldn’t have dreamed of. Swedish scholar Johan Norberg has written a brief overview of this phenomenon in The Wealth of Generations: Capitalism and the Belief in the Future. Marx got it half right It’s likely that Karl Marx, the originator of Marxism, developed the sharpest anti-capitalist theory. According to Norberg, Marx believed “that capitalism would make the rich richer and the poor poorer.” If someone was making money in a free market situation, it must be at the expense of someone else. That is, somebody was losing money if another was gaining money. Thus over time the upper class would accumulate more wealth at the expense of the middle class and lower class. The middle class would be pushed into the lower class, and the original lower class would basically starve. Marx made this prediction during the Industrial Revolution of the nineteenth century. Despite its undeserved bad reputation, the Industrial Revolution resulted in a dramatic rise in living standards. “When Marx died in 1883, the average Englishman was three times richer than he was when Marx was born, in 1818.” Since that time capitalism has continued to raise living standards to the point that “the poor in Western societies today live longer, with better access to goods and technologies, and with bigger opportunities than the kings in Marx’s days.” Lenin got it all wrong Marx’s original theory was obviously a failure; standards of living rose rapidly for all classes due to capitalism. So Marx’s disciple, and Russian revolutionary, Vladimir Lenin had to rework the theory to explain how workers in Western countries were doing so well economically. Lenin argued that the capitalist class of the Western countries looted the poor, undeveloped countries, and gave a portion of the loot to the workers in their own countries. The rich countries were made richer because the poor countries were made poorer. Quite simply, the rich countries took the wealth of the poor countries. But like Marx’s theory, Lenin’s theory contradicts the facts. As Norberg explains, the problem with Lenin’s view is: “all continents became wealthier, albeit at different speeds. Sure, the average Western European or American is 19 times richer than in 1820, but a Latin American is 9 times richer, an Asian 6 times richer, and an African about 3 times richer. So from whom was the wealth stolen?” Capitalism benefits every class, every sector of society, and not just one special group or certain exploitive nations. In fact, Norberg describes the success of capitalism in alleviating poverty in the last three decades or so as “the greatest untold story ever.” As Norberg writes, the proportion in absolute poverty in developing countries has been reduced from: “40 to 21% since 1981. Almost 400 million people have left poverty – the biggest poverty reduction in mankind’s history. In the last 30 years chronic hunger has been halved, and so has the extent of child labor. Since 1950 illiteracy has been reduced from 70 to 23% and infant mortality has been reduced by two-thirds.” This has occurred during a period where many countries around the world have shifted away from socialism and socialistic policies towards capitalism and free market policies. Using creativity to create wealth It’s common to think of creative people as being writers, painters, musicians, and others in the fine arts. But some of the most creative people in the world are entrepreneurs. These are people who use their creative abilities to provide products and services in new and innovative ways. By doing so they create new jobs for countless people and generate wealth where previously none existed. Capitalism allows the greatest freedom and opportunities to people whose creative talents are in the economic sphere. This is a key reason (perhaps the key reason) for the success of capitalism. A thriving economy requires entrepreneurs but socialism stifles and punishes entrepreneurs. Generally speaking, socialists consider businessmen to be the exploiters of workers, therefore these “exploiters” must be heavily regulated and controlled. Capitalism, on the other hand, unleashes the creative powers of entrepreneurial businessmen, and thus becomes a driving force for generating new wealth and economic development. As economic history clearly demonstrates, capitalism is the only system that leads to prosperity. Yes, the rich do get richer under capitalism but so do the poor! Dr. Michael Wagner is the author many books, and is a regular contributor to Reformed Perspective. This article first appeared in the January 2009 issue under the title "The rich keep getting richer...and that's a good thing!"...