Do the Poor Need Capitalism?

Event Date: 
March 18, 2010 (All day)

Waters Building - David Cassard Sr. Conference Room 161 Ottawa Ave. NW, Grand Rapids, MI 49503


A 2009 paper from the National Bureau of Economic Research says that the number of people in the world living on less than $1 per day fell from 403 million in 1970 to 152 million in 2006. An analysis from the American Enterprise Institute says the biggest factor was the rise of the middle class in China and India, at a time when the world's population grew by 3 billion. Is capitalism a greater asset than liability in the fight against poverty? Must capitalism by moderated by virtue and morality before a Christian can embrace it?

Short bio of the speaker

Rodolpho Carrasco has served nearly two decades in urban ministries that expect great things of at-risk and gang-impacted young people. He is an associate director at Partners Worldwide, a lecturer for the Acton Institute for Religion and Liberty, a member of the Hispanic Scholarship Fund’s Alumni Hall of Fame, and serves on the board of directors of World Vision U.S.