Home
/
RELIGION & LIBERTY ONLINE
/
Elites, markets and cronyism
Elites, markets and cronyism
May 15, 2026 2:33 PM

It’s no great secret that France is facing social upheaval and has some longstanding deep-set economic problems. Nor is it revealing to say that France’s political class is despised across the spectrum as woefully out of touch.

In a recent Wall Street Journal article, however, Pascal-Emmanuel Gobry underscores an important point about this situation that has escaped the attention of most people, including in France itself. It’s not just that the country’s meritocratic elite—personified by President Emmanuel Macron himself—are perceived to be isolated from the rest of the country in a way that it is hard for outsiders to understand. It’s also the perception, and in many cases, the reality that many of the énarques, as they are called, are neck-deep in cronyism.

Over the past 30 years, successive governments in France have privatized or partly privatized some formerly state-owned enterprises. Gorby points out, however, that the process has managed to create “a lucrative revolving door between government and the corporate sector.” That’s called cronyism.

There are few things which discredit free markets or economic liberalization programs more than cronyism. Certainly France is, as Gorby states, in deep need of market reforms. He adds, however, that “énarque-driven reform has tended to have little petition and lots of cronyism. The cohort that came of age in that decade is often called la génération fric: ‘the cash-grab generation’.”

It’s one thing for a society to have a political elite, or, more specifically, a group of people who have a disproportionate place in politics and the determination of policy. Every society, even those that pride themselves on being highly democratic, have such a group of people, not least because it’s not the vocation of most people to be in politics. They have families, start businesses, work to make a living, etc. The vast majority of people don’t want to make politics or policymaking a career.

But when the perception grows that those involved in politics or the formulation of policy, whether as legislators, government officials, or civil servants, are financially benefiting from their position, we should not be surprised that citizens e deeply unhappy and resentful.

Human fallibility is operative everything, including in politics and among politicians. Sound political systems build attention to this factor into the very way they function. It’s not reasonable to expect perfection from political leaders. Few things, however, undermine the legitimacy of political leaders than cronyism. Until we find a way to address it, or at least minimize it, the yawning gap between the political class in the West and everyone else is only going to grow.

Featured image: Kremlin.ru [CC BY 4.0]

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
How to Create an Underclass
Several years ago economist Walter Williams explained “How Not to Be Poor”: Avoiding long-term poverty is not rocket science. First, graduate from high school. Second, get married before you have children, and stay married. Third, work at any kind of job, even one that starts out paying the minimum wage. And, finally, avoid engaging in criminal behavior. Williams is right—it’s not rocket science. Yet many Americans are shocked to discover that life choices are often (though certainly not always) the...
ResearchLinks – 07.13.12
Conference: “Free Markets with Solidarity and Sustainability: Facing the Challenge” Ethical human agency is only possible with freedom. Freely turning to the good, which the Creator has given us, is the highest sign of human dignity. The proper exercise of freedom requires “specific conditions of an economic, social, juridic, political and cultural order”. (Compendium of the Social Doctrine of the Church, n. 137) The free market is one of these institutions. The free market is the most efficient instrument to...
Hayek’s Recipe for Economic Recovery
A major reason why the nation has historically prospered, says John B. Taylor, is because Americans worked within a policy framework that was predictable and based on the rule of law, with strong incentives emanating from a reliance on markets and a limited role for government. When we deviate from that standard—as we have for the past few years—we struggle. But we can find our way back if we’d follow Hayek’s recipe for recovery: In implementing this new economic strategy,...
‘We take those freedoms for granted, but they aren’t automatic anywhere’
Professional baseball player. Starting catcher for the Detroit Tigers. Starting catcher in the 2011 All-Star Game. At only 25, Alex Avila has already created a terrific career. Yet, he is very mindful of what might have been. In a recent interview, Avila notes that his Cuban roots could have led to a very different life for him and his family: Both of my grandfathers actually fled from Cuba during the Communist Revolution in the 1950s, so it’s not surprising that...
Rev. Sirico Included in New Catholic Resource Site
Franciscan University has launched the site Faith and Reason intended to be a hub for Catholic intellectual life. The Rev. Robert Sirico, along with others such as Cardinal Raymond Burke, prefect of the Supreme Tribunal at the Apostolic Signatura and Father Raniero Cantalamessa, OFM Cap, preacher to the Papal Household, are contributors to the site which focuses on issues concerning the Church, culture, politics, philosophy, morality and the marketplace. Read more about Faith and Reason here. ...
More than a Moral Case for Free Enterprise
Brian Fikkert, a Professor of Economics and Community Development at Covenant College and the Executive Director of the Chalmers Center for Economic Development, takes a look at Arthur Brooks’ The Road to Freedom: How to Win the Fight for Free Enterprise in this week’s edition of CPJ’s Capital Commentary. I think it’s a pretty balanced review, and Fikkert rightly highlights some of the important strength’s of Brooks’ work. But he also highlights some specifically theological concerns that have animated my...
Arthur Brooks’ ‘5 Myths About Free Enterprise’
American Enterprise Institute president and 2012 Acton University plenary speaker Arthur Brooks has a recent column in The Washington Post that lists five myths about free enterprise. Brooks’ five myths address some of free enterprise’s mon critiques and do so by giving free enterprise a moral aspect. The five points are especially relevant this election season, he says, because the two candidates represent such different fiscal perspectives. Here’s a look a myth #2: 2. Free markets are driven by greed....
Envy and Resentment Lead to Bad Law
When es to Swiss bank accounts, pop culture brings to mind wealthy people who hide assets from various groups, such as the IRS or their jilted family members. Our sympathies do not align with the type of people we imagine hold Swiss accounts. In fact, it is easy to get quite envious of the idea of holding a Swiss bank account, or possibly resentful that others can that are well off can avoid paying as much in taxes as possible....
The Religious Freedom Tax Repeal Act
Two Congressional representatives have introduced the Religious Freedom Tax Repeal Act, seeking to repeal the fine on faith the Obama administration’s abortion-inducing drug, contraception, and sterilization mandate imposes: The Religious Freedom Tax Repeal Act would stop the Obama administration from levying this huge tax on religious employers,” Representative Black said. “With the HHS mandate, the administration has set up an impossible choice for many religious affiliated institutions: either violate the law and pay a tax, or violate your conscience,” Black...
Network Like a Theologian
Readers of PowerBlog are already aware that Acton research fellow Anthony Bradley‘s ability to blend theology, ethics, and economics has made him on of the most intriguing public intellectuals in America. Now readers of Black Enterprise Magazine are finding what we’ve already known for years: “His writings mentary on issues ranging from race and religion to politics and economics have led to his recognition as one of the most brilliant minds of the century.” In a profile by Aisha M....
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved