Home
/
RELIGION & LIBERTY ONLINE
/
The Only Solution to World Poverty
The Only Solution to World Poverty
Dec 7, 2025 9:18 PM

One of the primary assumptions of the modern age is that all choices are multiple choice. Whether we are choosing the color of the car we drive, the occupation that we will work, or the lifestyle we will live, choice is the dominate paradigm.

While the expansion of choices has, in many ways, expanded human flourishing, it has also led, in some areas, to a false belief that merely wanting something to be multiple choice will make it so.

But what if some large-scale problems only have one solution? What if instead of being an open-ended “Choose Your Own Adventure” novel, these problems are like mathematics, with one right answer?

Global poverty is a primary example, argues Wayne Grudem and Barry Asmus, of a problem with only one type of solution:

There is only one effective solution to world poverty. It is the only solution that has ever worked or will ever work. It is evident from the history of every wealthy nation today, and it is consistent with the teachings of the Bible about productivity, property, government, and personal moral values.

After extensive research in both economics and biblical ethics our conclusion is this: poor nations must somehow produce their own prosperity, and it is possible for them to do this.

[. . .]

The only economic system that has ever produced national prosperity is a free market system, not a welfare state or socialism munism. Our book explains in layman’s terms how a free market works and why it is morally superior to every other economic system. However, a free market can only be truly free when it includes widespread access to private ownership of property, effective rule of law, a stable currency, increasing specialization in the workforce, free trade both domestically and internationally, and allowing people to keep most of the fruits of their labor (through low taxes). But a free market system alone will not bring prosperity unless a nation also has the right kinds of government and cultural beliefs.

Read more . . .

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
Cost-Effective Compassion
What are the best ways to help the poor in developing countries? Answering that question is not as straightforward as you might assume, says development economist Bruce Wydick in Christianity Today. As Wydick notes, most relief and development organizations carry out self-assessments and measure impact based on self-studies, methods that are neither unbiased nor empirically rigorous. So to get a better answer to the question Wydick polled ten other top development economists. He asked them to rate, from 0 to...
Will Our Future Be Bleak or Blessed?
Rev. Sirico on why we shouldn’t have a bleak outlook on the future: Many people I know are rather despairing about our future. This is contributing to a real and growing pessimism throughout society. I can understand all of these feelings but there is a potential mistake here. I’ve begun to think that those who are too attached to the day’s headline news develop a bias toward thinking that the world is on a permanent downhill slide. The mistake is...
Madison: Religious Conscience Trumps Civil Pronouncements
I have been highlighting James Madison’s words on religious conscience on the PowerBlog over the past several weeks. The HHS Mandate is not simply an issue that can be promised, or willed away. Rick Warren’s statement, “I’d go to jail rather than cave in to a government mandate that violates what mands us to do” is tied to Madison’s thoughts below. Madison has an understanding here that a citizen must be faithful to his religious conscience above and beyond any...
Jane Austen, Moral Philosopher
In the latest addition to my Jane Austen Theorem*, Thomas Rodham makes the case for reading Jane Austen as a moral philosopher who proposes “a virtue ethics for bourgeois life, the kind of life that most of us live today.” Virtue ethics understands the good life in terms of personal moral character, of ing the kind of person who does the right thing at the right time for the right reasons. It is therefore about the fundamental ethical question, How...
What is a Christian Libertarian?
Our friends over at AEI have a wonderful website—Values & Capitalism—devoted to many of the same topics we cover here at Acton: faith, economics, poverty, the environment, society. Values & Capitalism, which is capably managed and curated by my buddy Eric Teetsel, is an excellent resource that I mend to all liberty-loving, virtue promoting Christians (i.e., all good Acton PowerBlog readers). Being a huge fan of their work I was therefore grieved to read that one of their bloggers, Jacqueline...
Great Lent and the Ascetic Foundations of Society
Today marks the beginning of Great Lent in the Orthodox Church. Not simply a fast, it is a time for that true asceticism which, according to Fr. Georges Florovsky, “is inspired not by contempt, but by the urge of transformation.” There is something of this true asceticism, even if imperfect and plete, at the basis of all human society. One must, even to only a small extent, renounce self-will to be a member of a family, a clan, or a...
What Does Lent Tell Us About Markets and Morals?
What does Lent, which starts today, have to do with markets and morals (and Cuba)? Sociologist Margarita Mooney explains: Free markets are good because they are free. Free markets allow people to live by morals that lead people to almsgiving, passion, and to sometimes being willing to not consume something. munist economy leaves no room for freedom in production and consumption, and that lack of economic freedom is enforced by restricting political and religious freedom. There is nothing morally good...
Journal of Markets & Morality 14.2
Beroud, Louis (1852–1930) Central Dome of the World Fair in Paris 1889The newest edition of the Journal of Markets & Morality is now available online to subscribers. This issue of the journal (14.2) is actually a theme issue on Modern Christian Social Thought. Accordingly, all ten articles engage the history and substance of various approaches to Modern Christian Social Thought, with special emphasis on the Reformed and Roman Catholic traditions. There is also another installment of our Controversy section, featuring...
Cardinal George: No Catholic hospitals in two years unless HHS mandate rescinded
(HT: Catholic Culture) Note: One in six patients receives care in a Catholic hospital in the United States. February 26, 2012 What are you going to give up this Lent? By Francis Cardinal George, O.M.I. The Lenten rules about fasting from food and abstaining from meat have been considerably reduced in the last forty years, but reminders of them remain in the fast days on Ash Wednesday and Good Friday and in the abstinence from meat on all the Fridays...
The Lost Dignity of Work
From websites promoting help with Monday morning atheism, to an ever present ‘TGIF,’ a place of honor toward work seems to do nothing but diminish within our culture. The mere suggestion that work is not a curse of the fall is unfortunately quite foreign in many circles. Joseph Sunde at Remnant Culture has written a blog based on his reading of Booker T. Washington’s biography entitled Up From Slavery in which he highlights the high ethic and dignity Washington placed...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved