Home
/
RELIGION & LIBERTY ONLINE
/
A free-market agenda for rebuilding from the coronavirus
A free-market agenda for rebuilding from the coronavirus
May 6, 2025 5:35 AM

On June 18, 1940, British Prime Minister Winston Churchill steeled his people for the Battle of Britain with a stirring speech in the House of Commons that concluded: “Let us therefore brace ourselves to our duties, and so bear ourselves, that if the British Empire and its Commonwealth last for a thousand years, men will still say, ‘This was their finest hour.’”

The present coronavirus crisis calls for Churchillian statesmanship, yet few, if any, democratically elected leaders have proven equal to the task so far. This is decidedly not our finest hour.

The leaders of the world’s democracies have virtually shut down democratic capitalism in an attempt to save lives. From Hungary to Michigan, right-wing and left-wing authoritarians are ruling by decree to keep their populations under tight control. Unemployment and government debt are spiraling to levels not seen since the Great Depression and World War II. Europe is disintegrating.

The financial and political costs of this shutdown will be enormous, and it is reasonable to ask if more lives will be lost as a consequence of the shutdown than as a consequence of the coronavirus. How many lifesaving panies could have been started with the capital now being sucked out of the economy? How many patients will die as a consequence of normal healthcare operations, such as cancer detection, being delayed or hospitals going bankrupt? How many citizens will have years cut off their lives due to limited economic opportunities? These are just some of the big questions that democratic statesmen should be weighing at this point.

The point here is not that sacrifices and adjustments to our lives are not warranted in order to fight COVID-19. We should absolutely mobilize to fight this disease, and we would do well to invest more in healthcare in the future. The point is that free markets and working economies are absolutely essential in order to effectively mobilize the resources required to take on COVID-19 and other public health problems. Without essential liberty, there is no safety, to paraphrase Benjamin Franklin.

What would courageous and prudent statesmanship look like in the present crisis? From what roots can we seek strength, wisdom, and insight to make better decisions?

If ever there was a time to revive the best of the Western heritage, now is that time. At the heart of this heritage is the humane and life-affirming worldview of enlightened Christianity, which has always placed a premium on public health. As Rev. Robert Sirico points out in Defending the Free Market (2012), “Christendom invented the hospital,” and “modern healthcare institutions originated in Christian charity.”

One might even argue that democratic capitalism itself is rooted in Christian charity and healthcare. Hospitals enabled the systematic study of medicine and human health, which in turn helped spur the innovation of the Enlightenment and the Industrial Age.

Likewise, doctors played a crucial role in the advancement of political liberty led by the British and American middle classes in the seventeenth and eighteenth centuries. This movement is epitomized by figures such as British physician and philosopher John Locke and Benjamin Rush, “the father of American psychiatry,” a signer of the Declaration of Independence, and mitted Christian and abolitionist.

It was Locke who first articulated the natural rights of every human being to life, liberty, and property. He wrote in his Two Treatises on Government (1689) that one “may not, unless it be to do justice on an offender, take away, or impair the life, or what tends to be the preservation of the life, the liberty, health, limb, or goods of another.”

Healthcare, of course, “tends to be the preservation of life,” and Benjamin Rush made pelling case for the necessity of liberty to the sound practice of medicine. As noted by Lewis A. Grossman in his article The Origins of American Health Libertarianism (2013), Rush argued against at least three types of harmful interference in the free practice of medicine as outlined in a lecture to the University of Pennsylvania Medical School in 1801:

21c. The interference of governments in prohibiting the use of certain remedies, and enforcing the use of others by law. The effects of this mistaken policy has [sic] been as hurtful to medicine, as a similar practice with respect to opinions, has been to the Christian religion.

22.d. Conferring exclusive privileges upon bodies of physicians, and forbidding men of equal talents and knowledge, under severe penalties, from practising medicine within certain districts of cities and countries. Such institutions, however sanctioned by ancient charters and names, are the bastiles [sic] of our science.

23.d. The refusal in universities to tolerate any opinions, in the private or public exercises of candidates for degrees in medicine, which are not taught nor believed by their professors, thus restraining a spirit of inquiry in that period of life which is most distinguished for ardour and invention in our science.

Interestingly, Grossman suggests that Rush’s passion for medical liberty and freedom to experiment was “at least in part” a result of Rush’s deep disagreements and policy fights with the medical establishment in Philadelphia during the 1793 yellow fever epidemic. The parallels to today’s policy debates are striking.

A visionary political program to deal with COVID-19 and future pandemics would draw on the heritage of Locke and Rush to free up healthcare innovation and point out the life-threatening effects of totalitarianism and groupthink at home and abroad. Such a program would make medical liberty a core pillar of an American-led liberal world order for the twenty-first century much like the United States organized and rallied the free world after World War II.

It is beyond the scope of this article to outline every detail of such a program, but let me suggest a few key elements:

Make a strong moral case for medical liberty, healthcare innovation, and healthcare investment as core pillars of democratic capitalism and a culture that values every human life.Reopen the economies and borders of the world’s democracies immediately while closely monitoring COVID-19 hot spots and applying locally driven restrictions as necessary.Prioritize supply-side tax cuts and deregulation over bailouts and unemployment benefits in order to quickly get the economy back on its feet.Launch an ambitious free-market healthcare reform agenda, removing bureaucratic obstacles to private sector innovation and investment in healthcare.Create a transatlantic free trade area for healthcare, giving American healthcare innovators greater access to European and Canadian health systems and vice versa.Make healthcare and biotechnology integral parts of NATO doctrine and preparedness, preventing totalitarian powers and terrorist organizations from deploying biological weapons and allowing military resources such as hospital ships and field hospitals to be deployed swiftly during future pandemics.Convene a global health summit of the world’s democracies, calling out China and other totalitarian governments for their suppression of information and free inquiry on public health matters, including COVID-19.Aim to present a united front of democratic countries within the World Health Organization and build a new global health forum exclusively for democracies.Make medical liberty, doctors, and hospitals core pillars of a free-market development agenda for post-conflict zones, emerging democracies, and nations stuck in poverty.

These proposals might seem fanciful with long odds of success, but so did the economic liberalization and revitalization of Europe after Nazi Germany surrendered in May 1945. Yet this vital development came to pass thanks to statesmen such as Ludwig Erhard. In 1948, Erhard became director of economics at the Bizonal Economic Council set up by the British and American occupation forces in Germany. Faced with a stagnant and starving postwar Germany, Erhard unilaterally abolished all food rationing and price controls, prompting the military governor of the U.S. zone, General Lucius Clay, to say, “Herr Erhard, my advisers tell me what you have done is a terrible mistake.”

“Herr General, pay no attention to them,” replied Erhard. “My advisers tell me the same thing.”

Erhard’s free-market reforms proved a success, and he went on to e Minister of Economics, Chancellor of West Germany, and “the father of the German economic miracle.” For the free world to emerge vibrant and healthy from the COVID-19 crisis, we will need similar statesmen willing to challenge “experts” who ignore the full picture of society—statesmen who would stick with the fundamental, time-tested, and life-saving principles of liberty and charity.

domain.)

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
Humans care about economic fairness, not economic inequality
A new study published in the science journal Nature Human Behaviour finds that in most situation people are unconcerned about economic inequality as long as distributions of wealth are fair: There is immense concern about economic inequality, both among the munity and in the general public, and many insist that equality is an important social goal. However, when people are asked about the ideal distribution of wealth in their country, they actually prefer unequal societies. We suggest that these two...
Price Controls and Communism
Note: This is post #30 in a weekly video series on basic microeconomics. What happens when price controls are used munist countries? As Alex Tabarrok explains, all of the effects of price controls e amplified: there are even more shortages or surpluses of goods, lower product quality, longer lines and more search costs, more losses in gains from trade, and more misallocation of resources. (If you find the pace of the videos too slow, I’d mend watching them at 1.5...
What you need to know about the French presidential election on April 23
This Sunday, April 23, French voters will go to the polls for the first round of their presidential election. If no candidate receives 50 percent of the vote, the top two vote-getters will face each other in a runoff election on May 7. Here’s what you need to know: Who are the candidates? In alphabetical order, the candidates are: François Fillon: The 63-year-old candidate of the center-Right Les Républicains served as prime minister of France from 2007 to 2012 under...
6 policies that lead a nation from poverty to prosperity
Why have nations like Hong Kong and Singapore risen to e global economic powerhouses, while resource-rich African nations remain mired in poverty? Abir Doumit, an economist at George Mason University, has identified six pillars capable of lifting a nation to prosperity, no matter where it starts. One of the most important is a small government. “If sustainable economic growth is the goal, there is no substitute for an overall policy agenda of a small state, open markets, stable money, property...
‘What Good Markets Are Good For’
As of this month, I have joined the “What Good Markets Are Good For: Towards a Moral Justification of Free Markets” project as a postdoctoral researcher in theology and economics. The project is a multi-year, multifaceted endeavor, focusing on the central claim that “societies with free-market economies flourish because and in so far as the key market actors (states, businesses and individuals) respect morality, and act virtuously.” The project is headed by Govert Buijs at the VU UniversityAmsterdam, and includes...
Acton books distributed to schools by Theological Book Network
The Acton Institute recently donated a number of titles on faith, work, and economics to the Theological Book Network which will distribute them to its partner institutions in what it calls the ‘Majority World’ (‘Majority World’ is a term coined to replace earlier sometimes anachronistic or misleading terms like ‘Third World’ or ‘Developing World’). The Theological Book Network is a Grand Rapids based non-profit, mitted to the creation and development of Majority World leaders by providing access to educational resources...
Explainer: What you should know about Earth Day?
What is Earth Day? Earth Day is an annual event, celebrated on April 22, on which events are held worldwide to demonstrate support for environmental protection. It was first celebrated in 1970, the anniversary of what many consider the birth of the modern environmental movement. How did Earth Day get started? Earth Day was started by Gaylord Nelson, a U.S. Senator from Wisconsin. Nelson originally tried to bring political attention to environmental issues in 1962-63, when he convinced President Kennedy...
Samuel Gregg on the fracturing of France
With the first round of the French election results in, and no major candidates even managing to get a quarter of the total votes, two candidates remain: Marine Le Pen of the National Front, a populist and nationalist party, and Emmanuel Macron, the center-Left candidate of the “En Marche!” (“On Our Way”) political party. Samuel Gregg covers the current politically disjointed state of Francein a new article for First Things. He maintains an attitude of skepticism and uncertainty towards France’s...
Marine Le Pen’s economics unite populist Right and far-Left
Emmanuel Macron may have won the first round of the French presidential elections on Sunday, but Marine Le Pen won a political victory of her own. The statist undercurrent running through her nationalist and populist policies successfully bridged the gap between France’s “far-Right” and socialist Left, according to Marco Respinti in a new essay for Religion & Liberty Transatlantic. Mainstream French politicians have sought bine disparate ideological strands since at least Charles de Gaulle, who presented his foreign policy as...
Why J.D. Vance is bringing venture capital to the Rust Belt
As Americans continue to face the disruptive effects of economic change, whether from technology, trade, or globalization, many have wondered how we might preserve or revivethe regions that have suffered most. For progressives and populists alike, the solutions are predictably focused on a menu of government interventions, from trade barriers to wage minimums to salary caps to a range of regulatory constraints. For conservatives and libertarians, the debate has less to do with policy and more to do with the...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved