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The fallacy of capitalism’s ‘race to the bottom’

By Filings on Mon, 04/26/21
Society & Culture
Economics
Poverty
Capitalism

“The Biden administration proposes a global minimum tax on corporations to end the ‘global race to the bottom.’ Leaving aside the wisdom of letting France tax U.S.-based corporations, this phrase recalls one of the regnant canards of our time: Capitalism inevitably lowers living standards and grinds people down into poverty.” - Acton

Related . . .

Topics: Poverty, Compassion, Economics
  • What Does ‘Good’ Look Like in Poverty Relief?
  • Five Ways the Bible and Economic Principles Are Connected
  • Myths of Materialism
  • Get Ready for the Great Reset (Part 4)
  • Why Poor People in the Freest Nations Have Incomes 8x Higher Than Poor People in the Least Free

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Let your reasonableness be known to everyone. The Lord is at hand.

(ESV, Philippians 4:5)

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