Home
/
RELIGION & LIBERTY ONLINE
/
Samuel Gregg: Free Market Stars in Debate
Samuel Gregg: Free Market Stars in Debate
May 16, 2026 1:23 AM

Director of Research Samuel Gregg’s thoughts on the debate are up at The Corner. He sees a parallel between the Italian crisis unfolding across the ocean and the problems facing the United States — particularly in Michigan, where this debate was held. The collapse of Italy would certainly be a dramatic illustration of the ings of crony capitalism, and Gregg thinks a candidate could find a majority of voters who don’t want that to happen.

With the Italian-flavored shadow of the European Union’s ongoing financial implosion overhanging the United States, it was expected that America’s own fragile economic state would be front-and-center at this debate.

This time, however, there was less argument among the GOP candidates. Instead, there were far more direct critiques of (1) President Obama and (2) the pattern of crony capitalism with which more and more Americans are visibly losing patience. The debate’ssetting— the state of Michigan — is a living exemplar of all the fallacies of bailouts and business-union collusion, as well as a failure to promote the type of innovation that produces wealth but that also threatens businesses (like the panies) that don’t petition.

Also noticeable was the increased willingness of the candidates to advocate market solutions to any number of problems, the most prominent being America’s ongoing mortgage farce, the looming crisis of student debt, and the inexorable rise in health-care costs. That’s a e development. If this trend keeps up, maybe one of them will make the dismantling of crony capitalism a central plank of his platform. That won’t please the likes of General Electric and the City of Chicago, but there are surely votes there.

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
Evangelicals and the Brave New World: Why Natural Law Can No Longer Be Ignored
In the Introduction to an important new book by J. Budziszewski that engages four distinct traditions of evangelical political thought, Michael Cromartie observes: “While appreciative of the contributions of each of these thinkers [Carl Henry, Abraham Kuyper, Francis Schaeffer, and John Howard Yoder], Budziszewski finds fault with each, to a greater or lesser degree, for failing to develop a systematic political theory pelling as those offered by the secularist establishment. He suggests that evangelical political thought would be improved if...
Acton Op-Ed Roundup
Acton in the News Over recent days a number of Acton staff have authored op-eds in various print outlets. Here’s a rundown: Associate editor David Michael Phelps wrote a piece that appeared in today’s edition of the Rhode Island-based Providence Journal, “Miracles of God and miracles of science” (PDF).Marvin Olasky, an Acton senior fellow, wrote this piece on disaster preparation in yesterday’s Quad-City Times, “Advance planning curtails disaster.”Last week the San Francisco Examiner carried my piece on minimum wage legislation,...
Entrepreneurial Welfare?
Check out Jeff Cornwall contra “entrepreneurial welfare” over at The Entrepreneurial Mind. ...
Agape and Eros
This article by Mary D. Gaebler, visiting assistant professor of theological ethics at Gustavus Adolphus College, “Eros in Benedict and Luther,” from the Journal of Lutheran Ethics argues, “Lutherans, insofar as they derive their theology from Luther, should e Pope Benedict’s Encyclical, Deus Caritas Est. Luther, I think, would find this latest word from the Vatican surprisingly congenial.” (HT: Mirror of Justice) One of Gaebler’s main goals is refuting the interpretation of Luther characterized by the work of Anders Nygren,...
The Marketer’s Morality
Seth Godin issued a call recently for marketers to take stock of their trade and embrace the moral aspects of their industry: “You’re responsible for what you sell. When you choose to sell it, more of it gets sold.” I particularly like how Godin emphasizes personal responsibility. This is something that is not unique to a particular profession, of course, and is therefore a reality that constantly needs to be reiterated. “As marketers, we have the power to change things,...
From the ‘Well, Duh!’ Department
“A human brain trapped inside a mouse’s body — not a good idea,” says Anjana Ahuja in the UK Times. Not convinced? Check out this piece of mine over at BreakPoint, “A Monster Created in Man’s Image.” ...
Abolish the FDA?
An interesting debate is going on over at Mere Comments. The main thread has to do with the morality of the Bush Administration’s approval of over-the-counter sales of the morning-after pill and the implications for Pennsylvania’s U.S. Senate race. Leaving those issues aside, I was struck by ment from “Daniel C.”, claiming that the problem really presents an “excellent case for dismantling the Food & Drug Administration.” It’s a question worth raising. I don’t know enough about the history or...
Prayer for Vocation in Daily Work
Almighty God our heavenly Father, you declare your glory and show forth your handiwork in the heavens and in the earth: Deliver us in our various occupations from the service of self alone, that we may do the work you give us to do in truth and beauty and for mon good; for the sake of him who came among us as one who serves, your Son Jesus Christ our Lord, who lives and reigns with you and the Holy...
Ex Ante vs. Ex Post Government Action
I haven’t started Marvin Olasky’s new book yet, but here’s a bit from the abstract of a new NBER paper, “Rules Rather Than Discretion: Lessons from Hurricane Katrina,” by Howard Kunreuther and Mark Pauly. Speaking of property owners who suffer severe damage and don’t have the resources to rebuild: To avoid these large and often uneven ex post expenditures, we consider the option of prehensive private disaster insurance with risk based rates. It may be more efficient to have an...
How a Missional Perspective Changes Culture
The only way that culture can be truly changed, in terms of the gospel, is by movements of the Spirit that are birthed in congregational life. The Christian Right thinks that it can alter culture by direct partisan political pressure led by media personalities and tried-and-true techniques. They could not be more sadly mistaken. The failure of this approach is self-evident over the course of the past six years. The late missional theologian Lesslie Newbigin understood this well when he...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved