So I got another reminder this morning that the American Enterprise Institute has a program called โValues and Capitalism,โ which is directed toward Christian colleges and about showing the compatibility between the values of capitalism and what Christians believe. Someone might say we need this program today more than ever, insofar as our Evangelicals are lurching toward the social-justice Left and our young people are all for Bernie Sanders, arguably Americaโs most serious anti-capitalist candidate ever.
Then there are are studies that show that most young people today reject the brand โcapitalism.โ
And those that show that the more Americans know Berry Sanders and what he stands for, the more they like him. Heโs the presidential candidate who doing the best in the polls, and the only one left who doesnโt repulse a large part of his country.
The Koch brothers, we read at NRO, are reducing their funding of and visibility in national politics, because their aggressive promotion of capitalist libertarianism is undermining their corporate brand. They will, instead, up their efforts to transform our intellectual culture by funding programs at our colleges and universities, as well as those run by public intellectuals. Theyโre looking to the long term, because the short term isnโt going so well.
Well, capitalists might be able to smile at the thought of the likely surge of the Libertarian partyโs presidential candidate, likely to be Gary Johnson. The โdouble neversโ โ never Trump and never Clinton โ will probably have nowhere else to go. But Johnson is very definite about reforms that liberate his โprimo cannabisโ from repressive policies, but more than a bit murky about what we ought do on the economic front. Itโs hard to say heโs a capitalist candidate.
When it comes to capitalist optimism about the beneficially productive effects of liberating the market from taxation and regulation, the candidate was Ted Cruz. He was, more precisely, the candidate who most perfectly reconciled Christian values (that is, the values of observant believers grounded in church homes) with capitalism. He had a lot of enthusiastic followers, thatโs for sure. But overall his nuanced brand didnโt catch on.
Marco Rubio, by contrast, had a less nostalgic view of the capitalist agenda; he, unlike Cruz, wasnโt for some rollback that might include several constitutional amendments. Thereโs nothing all that wrong with America today that a little intelligent free-market economic reform couldnโt fix. I would go as far as to say that, despite his earnest eloquence, nobody much at all was listening to Rubio.
And the Republican primaries were dominated by a candidate who rejected many of the values of capitalism.
Well, you might say, the industrialists like the Kochs are out-of-touch reactionaries. The dynamism of the 21st-century competitive marketplace is really working itself out on Wall Street and in Silicon Valley. The โbig dataโ of those disruptive innovators dwarfs that of the Kochs and their allies. Theirs is the โcrony capitalismโ weโre stuck with believing in, and itโs their values that are, in truth, dominating our institutions of higher education. Their candidate is Hillary Clinton.
You can say that. But youโd have to be alert to the huge way Bernie Sanders has just whipped Clinton this campaign season on the level of ideas.
Whatโs happened to โcapitalismโ the brand? Wait until next time for my full answer. For now, some teasers . . .
Well, for one thing: Capitalism gets us to smile when we think โliberationโ and frown when we think โexploitation.โ
And arguably what our young folks want (and who can blame them?) is all the benefits of personal liberation โ or being able to do what you please when it comes, for example, to primo cannabis, while not having to experience the anxious insecurity of the unregulated competition thatโs misbranded as exploitation. They want their choices to be as safe as possible. And they think government bureaucrats (such as those of the Obama administrations can help them out.
For another thing: The benefits of job-creating economic growth might not be as democratically distributed as they used to be. Not only that, the safety nets โ both public and private โ that cushioned the effects of capitalism on struggling peopleโs lives seem to be eroding.
Still one more thing, for now: For the capitalist libertarian, there are two categories: individualism and collectivism. But nobody believes in collectivism in the era of human rights. So itโs pretty much impossible to imagine today despotic efforts to turn individuals into comrades or even citizens. So thereโs little memory and even less fear of freedom-sucking socialism as collectivism.
More soon.






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