Home
/
RELIGION & LIBERTY ONLINE
/
Samuel Gregg: Free Market Stars in Debate
Samuel Gregg: Free Market Stars in Debate
Jan 22, 2026 12:40 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
What Would The Founders Do About Welfare?
es to mind when you think of poverty policies prior to FDR’s New Deal? For many people, the idea of pre-1940s welfare is likely to resemble something out of a Charles Dickens’ novel: destitute adults in the poorhouse and hungry children (usually orphans) eating a bowl of gruel. That impression is likely what we have about welfare in America during the era of the Founding Fathers. But is it accurate? “The left often claims the Founders were indifferent to the...
Father Crosby and ‘Losing Money on Purpose’
Shareholder resolutions intended to force Exxon Mobil Corp. and Chevron Corp. to adopt greenhouse gas reduction goals and name environmental experts (i.e. any scientist who believes human activity causes climate change) to their respective board of directors were defeated last week. Not only were they defeated, they were crushed. Chevron shareholders mustered only 9 percent support for GHG reductions and 20 percent for the environmentalist board member. Eighty percent of ExxonMobil shareholders rejected the additional board member, and only 10...
EcoLinks 06.01.15
In the spirit of PowerLinks, we’ll be adding a regular roundup on news concerning Pope Francis’ ing encyclical on the environment and, more broadly, religious witness on environmental stewardship outside the Roman Catholic Church. This may be a daily PowerBlog feature, or you may see it less frequently depending on the volume of news mentary on the subject. If you haven’t got to it yet, make sure you watch Rev. Robert A. Sirico’s mentary on the encyclical, which was posted...
EcoLinks 06.02.15
Cardinal Turkson: together for stewardship of creation Cardinal Peter K.A. Turkson, Vatican Radio Despite the generation of great wealth, we find starkly rising disparities – vast numbers of people excluded and discarded, their dignity trampled upon. As global society increasingly defines itself by consumerist and monetary values, the privileged in turn e increasingly numb to the cries of the poor. Pope Francis endorses climate action petition Brian Roewe, National Catholic Reporter “He was very supportive,” Tomás Insua, a Buenos Aires,...
Top 5 Books For Today’s College Student: Greg Thornbury
President of The King’s College in New York City and one of this year’s Acton University plenaries, Greg Thornbury, gives his top 5 book picks for today’s college students. 1. Plato’s Dialogues Plato’s dialogues are good for virtually everything that ails our society. He takes on relativism, skepticism, materialism, and incivility. Gorgias clarifies the difference between truth-seeking and posturing. 2. The Confessions of St. Augustine In Confessions, Augustine of Hippo charts his tumultuous journey to God in the ing-of-age story...
Explainer: Religious Liberty and the Abercrombie Hijab Case
In the case of Equal Employment Opportunity Commission v. Abercrombie & Fitch Stores, Inc., the U.S. Supreme Court ruled on Monday that employers must offer a reasonable modation for an employee’s religious practices. Here is what you should know about that case. What was the issue that sparked the lawsuit? Samantha Elauf, a 17-year-old Muslim girl from Tulsa, Oklahoma, applied for a job at Abercrombie, a preppy clothing retailer, in 2008. After being interviewed by Heather Cooke, the store’s assistant...
Kishore Jayabalan: Will Upcoming Encyclical ‘Squander’ Papal Authority?
In anticipation of the new papal encyclical on the environment (reportedly due out this month, and titledLaudato si’[Praised Be You]), the press is seeking a way to make sense out of information “floating around” concerning the contents of the encyclical. At this point, no one really knows what the encyclical will say, although there are educated guesses. (See Fr. Robert Sirico’s discussion on the encyclical here.) Peter Smith at the Pittsburgh Post-Gazette did a “round-up” of various Vatican watchers, officials...
Explainer: What You Should Know About the Patriot Act and the Freedom Act
Why is the Patriot Act back in the news? Last night three key provisions of the law were allowed to expire (at least temporarily) after Senator Rand Paul (R-KY) blocked an extension of the program during a Sunday session of the Senate. What is the Patriot Act? The official title of the law is the USA Patriot Act of 2001, an acronym for “Uniting and Strengthening America by Providing Appropriate ToolsRequired to Intercept and Obstruct Terrorism.” The 320-page law, signed...
How an Ex-Convict Learned to Worship Through His Work
Alfonso was looking for a “fast life,” and as a result, he got mixed up in illegal drugs and landed in prison. For many, that kind of thingmight signal the beginning of a patternor slowlydefineand distort one’s identity or destiny. But for Alfonso, it was a wake-up call. While in prison, he began to realize who he really was, and more importantly, whose he really was. He began to understand that God created him to be a gift-giver, and that...
Reflecting On The Work Of Michael Novak: Charity, Civil Society, Free Markets
Today’s issue of Public Discourse offers a reflection on the life and work of Michael Novak. It would not be an exaggeration to say Novak is a towering figure in the world of free market economics. Author Nathaniel Peters says that while Novak has had his critics, the question that lies at the heart of all Novak’s work is this: “How do we get people out of poverty?” What economic systems are most conducive to allowing people to exercise their...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved