Home
/
RELIGION & LIBERTY ONLINE
/
The Cause and Cure of Poverty
The Cause and Cure of Poverty
May 13, 2025 1:49 AM

What causes poverty? The question presently plagues many serious Christian thinkers and leaders. The answers vary but the proposed solutions are the stuff of our political campaigns every four years. We can already hear the discussion from the various candidates for the presidency in 2008, both Republican and Democrat. One candidate, John Edwards, actually wants to make poverty a major issue in the next election, maybe as important as the Iraq War. He openly presents his version of a solution and thus makes it a major part of his stump speech these days.

Many Christians, who think about these kinds of questions, will argue that poverty can not be solved in a free-market context. They believe the problem is economic since capitalism is fundamentally rooted in greed. The idea here is quite simple. The rich have all the wealth, they are the ones who create the products, make the money and drive the markets. The poor suffer all the more when this happens. Because capitalism has this perceived inherent flaw it will always, or at least ultimately, foster huge inequities in e and create greater poverty. These inequities will actually increase grinding poverty for millions of people, making things even worse for more poor people as the wealthy class grows. Since the percentage of monetary growth in the present economy shows the rich are getting richer and the poor and middleclass are gaining ground by a much smaller percentage this seems to favor these kinds of arguments against capitalism. (I will not get into this issue in this article, but there are different answers to this question that are both appropriate and sound.)

In 1981 author and political advisor, George Gilder, wrote a huge best-seller, Wealth & Poverty. This popular book influenced a new generation. It did so by challenging the “greed thesis” at its core. I have always admired George Gilder. I realized back in the 1980s that it was his thinking that powerfully influenced the Reagan administration to adopt what became known as Reaganomics, a much maligned and oft-debated theory of wealth, poverty and economics.

(Continue reading the rest of the article at the ACT 3 website…)

John H. Armstrong is founder and director of ACT 3, a ministry aimed at "encouraging the church, through its leadership, to pursue doctrinal and ethical reformation and to foster spiritual awakening."

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Nation’s Top 50 Catholic High Schools Announced for 2008
The National Catholic High School Honor Roll announced its fifth selection of the best 50 Catholic secondary schools in the United States. The purpose of the Honor Roll is to recognize and encourage excellence in Catholic secondary education. It is a critical resource for parents and educators that distinguishes those schools that excel in three categories: academic excellence, Catholic Identity, and civic education. This year’s list includes 10 new honorees as well as eight schools that have earned recognition in...
Bragging on an Undergrad
The latest issue of Religion & Liberty contains an essay I wrote for Acton about whether the relationship between social conservatives and libertarians can be saved. A student at my university (Houston Baptist University) read the essay and formulated a number of thoughts on his own. I was so affected by what this undergraduate sent me, I had to pass it along: I have strong beliefs about limited government, states rights, individual liberty, free-markets, etc. But these e under fire...
Trees, Evil, and Negative Externalities
It is monplace in discussions of environmental economics to consider so-called “negative externalities,” a technical term for the bad or damaging consequences of an activity that affects those outside the realm of economic decision-making. For instance, I can make the choice to plant a tree in my yard on my own (presuming there are no regulatory hurdles to jump). A negative externality for my neighbor might be that my tree dumps a lot of leaves into his or her yard...
Religion and Liberty: An Interview with Mustafa Akyol
The Spring issue of Religion & Liberty is now available online. The feature is an interview with Turkish scholar Mustafa Akyol. Akyol was a faculty member at Acton University last summer. The title of the interview is “Turkey: Islam’s Bridge to Religious and Economic Liberty?” In the interview Akyol notes: So Turkey will not change the world in one day, but if it shows that a Muslim society can achieve democracy and lives in peace with the western world, that...
Holodomor
——————– Start of message from list: eni-summary ——– Ecumenical News International News Highlights 24 November 2008 Ukrainian church marks 20th century ‘genocide’ Russia disputes Warsaw (ENI). Ukraine’s largest Orthodox church has marked the anniversary of an early 1930s’ Soviet-engineered famine, in which millions died, by describing it for the first time as an “act of genocide”, a description rejected by the Russian government. “A crime like this could only happen in an environment hateful of God and man,” the holy...
Review of Lawler on Boston Catholicism
Appearing in the next issue of Religion & Liberty will be my review of Philip F. Lawler’s The Faithful Departed: The Collapse of Boston’s Catholic Culture (Encounter Books, 2008). There is no point in dwelling on how well-written and insightful the book is, as it has already won plaudits from other, more significant reviewers, but I can give my own “Acton spin” to Lawler’s exceptional work. Here is the piece in full, an exclusive preview for PowerBlog readers: Lord Acton’s...
Pirate Morality
By now you’ve read one or more stories about the increasing levels of piracy on Africa’s east coast, brought into the spotlight by the recent capture of a Saudi oil tanker. Piracy is, of course, simply a specific form of theft, a vice that like all basic vices will be with us to the end of time. Sometimes there is a fine line between state military conflict and piracy, as the case of Sir Francis Drake attests (to the English,...
No More Bretton Woods
Acton’s Sam Gregg on Public Discourse: On November 15th, leaders of the world’s largest economies will gather in Washington, D.C., to discuss the ongoing international financial crisis. Figures such as Britain’s Prime Minister Gordon Brown view the summit as an opportunity to reform international financial structures and perhaps create new ones. He and others have spoken of a “new Bretton Woods”—the 1944 international meeting that sought to design an international financial structure for a post-war world. Today, relatively little is...
The Pope’s Economic ‘Prophecy’
Linked yesterday on the Drudge Report and picked up by news outlets all over the world is a brief Bloomberg report on a statement from the Italian Finance Minister Giulio Tremonti. Tremonti attributed to Pope Benedict XVI a “prophecy” dating from over twenty years ago concerning the current global financial meltdown. Again, the story is quite brief, and here’s the gist: “The prediction that an undisciplined economy would collapse by its own rules can be found” in an article written...
The Common Good as an Excuse to Override Human Dignity
I cannot tell you how many times Catholics have used mon good” as an excuse for more government involvement in peoples’ lives and the installing of socialistic, “spread the wealth” programs. This version of mon good is the foundation for some people’s idea of distributive justice, but actually it is based on the “Robin Hood fallacy” of robbing from the rich and giving to the poor. How did e to this conclusion? I did so merely by reading Aristotle and...