Home
/
RELIGION & LIBERTY ONLINE
/
Samuel Gregg: Free Market Stars in Debate
Samuel Gregg: Free Market Stars in Debate
Dec 24, 2025 9:23 PM

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
Camille Paglia: The fearless feminist
True thinkers are those capable of provoking in their readers and listeners the ability to think outside of ordinary life, to look beyond the merely conventional, and to understand that tensions, contradictions, and nuances are part of the process of growing. Camille Paglia gets it all and much more in the new collection of her essays in Provocations (Pantheon, 2018), a title that could not have been better chosen. Paglia is a feminist, atheist, and lesbian arts professor, sympathetic to...
How progressives are turning the ‘unthinkable’ into ‘policy’
Last week two Congressional Democrats, Rep. Alexandria Ocasio-Cortez and Sen. Ed Markey, unveiled their Green New Deal. The resolution claims that environmental and economic conditions require the federal government to take drastic action, such as updating or replacing every building in the country and guaranteeing jobs to all Americans. The proposal has been described as “the same old socialist hooey,” and even many Democrats consider it unfeasible. Senate Majority Leader Mitch McConnell announced yesterday that he wants the Senate to...
Acton Line: Love and economics; Ending poverty and saving farms
On this episode of Acton Line, producer Caroline Roberts speaks with Sarah Estelle, professor of economics at Hope College. Estelle breaks down mon misconceptions about economics and shares what our love for those around us has to do with economics. Register for the ing lunch and lecture event at the Acton Institute on February 14, to hear Estelle share more about integrating sound economics with a Christian perspective. After that, Acton’sPoverty Initiatives Manager, Andrew Vanderput, speaks with Scott Sabin, the...
Understanding the aggregate demand curve
Note: This is post #110 in a weekly video series on basic economics. A concept that can help us understand business fluctuation is the aggregate demand–aggregate supplymodel, or AD-AS model.The aggregate demand curve shows us all of the binations of inflation and real growth that are consistent with a specified rate of spending growth. In the video by Marginal Revolution University,Alex Tabarrok explains howthe aggregate demand curve show us all of the binations of inflation and real growth that are...
‘Pay what you can afford’ runs Panera out of bread
Panera has announced that it will close the last of its charitable stores, which allowed people to pay whatever they wished for a meal, because it was costing too much dough. The Boston store will shut its doors permanently this Friday, February 15. “Panera Cares” were indistinguishable from other Panera eateries in their branding, menu, or furnishings, except they announced that no one would be turned away if they did not pay one cent of the “suggested prices.” Those who...
Alejandro Chafuen in Forbes: Juan Bautista Alberdi and freedom in Latin America
Though certainly not well known in North America, Juan Bautista Alberdi is a towering figure in the history of Argentina. He was a major influence on the Argentine constitution and was an intellectual force in 19th-century South America. He was an adherent of classical liberal views but also a convinced Christian. His Christianity has at times been overlooked—the New Catholic Encyclopedia, for instance, devotes an entire page to Alberdi but gives no mention of his Christianity or his views on...
How Ethiopia’s churches are reviving forests and restoring biodiversity
During Ethiopia’s bout munism in the 1970s and 1980s, the government nationalized the land and converted much of it for agriculture, leaving only 5% of the country’s forests—a 45% decrease from the beginning of the century. Now, thanks to a growing partnership between ecologists and the country’s Tewahedo churches, biodiversity is making eback. “If you see a forest in Ethiopia, you know there is very likely to be a church in the middle,” writes Alison Abbott in Nature. “…These small...
New Elinor Ostrom Women in Economics video
Over at Marginal Revolution University they have kicked off a new series of videos on Women in Economics: Women in Economics highlights the groundbreaking and inspiring work of female economists — not only to recognize the important work they’ve done but to also share their inspirational journeys. The first video features NobelLaureate Elinor Ostrom previously profiled by Sarah Stanley in Religion and Liberty: Elinor Ostrom was a professor at Indiana University and the senior research director of the Vincent and...
Crushing the poor: agricultural tariffs and subsidies
There are a lot of campaigns and organizations dedicated to alleviating extreme poverty found in the developing world. These same groups advocate for the provision of what the material poor often lack: clean water, decent housing, financial capital, nutrition, etc. But this deficit of material goods, what we typically call “poverty,” is symptomatic of larger problems. People are not poor because they lack “stuff.” People are poor mainly because they do not have access to secure property rights, the rule...
Democrats support Green New Deal while Thomas Piketty finds it problematic
Representative Alexandria Ocasio-Cortez and Senator Ed Markey’s proposed Green New Deal is getting a lot of attention these days. Democratic Presidential hopefuls Cory Booker,Kirsten Gillibrand,Kamala Harris, andElizabeth Warren are all supporters, as is Senator Bernie Sanders. Former Greek Minister of Finance and Economist Yanis Varoufakis has been aggressively promoting his own vision of a Green New Deal for Europe. Many of the policy proposals and programs are similar and so are the proposed methods of funding: The great advantage of...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved