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Jonathan Witt

Posts by Jonathan Witt:

Capitalism is Not Based on Greed

Friday, October 16, 2009

In a new essay at The American, Jay Richards explains why capitalism isn’t based on greed.

In Acton’s first documentary, The Call of the Entrepreneur, Richards along Rev. Robert Sirico, Sam Gregg, Michael Novak and others touch on this matter in making the moral case for the free economy.

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The Inevitability of Finance And The Call of the Entrepreneur

Wednesday, October 7, 2009

“The Deal Professor,” Steven M. Davidoff, has a good piece at The New York Times website about the indispensability of finance to our economy. It briefly rebuts the view popularized in the Oliver Stone movie Wall Street, in which financiers are portrayed as greedy parasites. I left a comment at the web page, noting that our documentary The Call of the Entrepreneur makes a similar case. I include the comment below, since it may not pass muster with the page’s comment moderator:

A documentary that explores the wealth-creating role both of the entrepreneur simpliciter and the finance entrepreneur in particular: The Call of the Entrepreneur. The film appeared on more than 80 PBS affiliates nationwide, including repeated airings in several major markets. And in what may be a first, it appeared both on PBS and Fox Business. I mention this by way of reassuring readers that the documentary isn’t screechy.

The one-hour film is a combination of narrative and expert commentary that many have found useful for explaining what entrepreneurs and merchant bankers bring to the economy, a particularly useful explanation for friends and family who wouldn’t read a lengthy article or book on the subject but will watch a documentary with high production values. It doesn’t pretend that there isn’t corruption or greed on Wall Street, but it does insist that these elements do not provide a full picture.

Full disclosure: I wrote the script for the documentary and am a fellow of the institute that created the film, The Acton Institute. The film is available at calloftheentrepreneur.com/. Also, the film doesn’t address the market distortions generated by Alan Greenspan and others, distortions that encouraged excesses in the financing world leading up to the economic crisis. Those issues are tackled at our web page on the economic crisis: acton.org/issues/economy.php/.

— Jonathan Witt

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Six Reasons to Reject Obamacare

Friday, September 18, 2009

If it doesn’t faze you that

  1. Uncle Sam badly mishandled the stimulus porkanaza
  2. Congress would have directed bazillions to a surreally corrupt Acorn but for these two young heroes
  3. Michael Moore’s Sicko is Wacko
  4. Canadians will no longer have a free market healthcare system to flee to
  5. Government-run health care will look and smell and feel like the Department of Motor Vehicles … with sharp needles and bedpans
  6. If none of this has convinced you that a government-run healthcare system is a bad idea, then spend some time perusing Jay Richards’ thoughtful blogging work on health care here at The Enterprise Blog.

And have a blessed weekend.

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Government-Managed Capitalism: A Love Story

Wednesday, September 16, 2009

Memo to documentary filmmaker Michael Moore: Free markets didn’t cause the financial crisis. The biggest culprits were government planners meddling with the market. That’s the message of Acton’s newest video short.



So why on earth is Michael Moore (Capitalism: A Love Story, Sicko) so eager to route even more power and money through Washington? Centralized planning is economic poison. Doubling down isn’t the cure.

(Also, Acton’s resource page on the economic crisis is here.)

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President Obama Praises/Opposes Health Insurance Competition

Thursday, September 10, 2009

Our latest health care video short is up: “Why Consumer-Driven Healthcare Beats Socialized Healthcare.” And John Hinderaker of Powerline has an incisive analysis of the president’s speech last night to a joint session of Congress. The passage that stood out to me was this one about competition:

This seems to me to be the most critical moment in Obama’s speech:

My guiding principle is, and always has been, that consumers do better when there is choice and competition. Unfortunately, in 34 states, 75% of the insurance market is controlled by five or fewer companies. In Alabama, almost 90% is controlled by just one company. Without competition, the price of insurance goes up and the quality goes down.

In fact, Obama and Congressional Democrats have zero interest in increasing choice and competition. If they did, there is an easy solution. There are over 1,000 health insurance companies in the United States; why do you think it is that in Alabama, one company has 90 percent of the business? It is because there are major legal obstacles to insurance companies operating across state lines. State legislatures, and lots of the companies, like it this way. Competition is hard. But if Obama really wanted to expand “choice and competition” in health care, all he would have to do is go along with the Republican proposal to allow health insurance companies to sell on a national basis. Like, say, computer companies, beer companies, automobile companies, law firms, and pretty much everyone else.

The video and transcript of President Obama’s speech is available here. And more Acton analysis of healthcare policy is available here.

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Health Rationing for the Greater Good

Wednesday, September 2, 2009

[UPDATE BELOW] I discussed the creepy side of President Obama’s “science czar” here. But there are more creepy things in the cabinet. The Wall Street Journal reports that the president’s health policy adviser, Dr. Ezekiel Emanuel, wants to implement an Orwellian-sounding “complete lives system,” which “produces a priority curve on which individuals aged roughly 15 and 40 years get the most substantial chance, whereas the youngest and oldest people get chances that are attenuated.”

The WSJ piece continues:

Dr. Emanuel says that health reform will not be pain free, and that the usual recommendations for cutting medical spending (often urged by the president) are mere window dressing. As he wrote in the Feb. 27, 2008, issue of the Journal of the American Medical Association (JAMA): “Vague promises of savings from cutting waste, enhancing prevention and wellness, installing electronic medical records and improving quality of care are merely ‘lipstick’ cost control, more for show and public relations than for true change.”

True reform, he argues, must include redefining doctors’ ethical obligations. In the June 18, 2008, issue of JAMA, Dr. Emanuel blames the Hippocratic Oath for the “overuse” of medical care.

Now a freer healthcare market could take care of rationing much more simply, while providing increased incentives for healthcare providers to provide better value to choosey consumers. The problem is, a freer healthcare market wouldn’t route power through Washington.

And yes, it is more about power than about wanting to spread scarce healthcare services around more equally. Otherwise, the government would pursue something like healthcare tax credits for lower and middle income Americans. And they would pursue meaningful tort reform to curtail wasteful defensive medicine and the regressive transfer of wealth from consumers (who pay higher medical costs) to wealthy trial lawyers.

And no, I’m not proposing that these power-hungry politicians are monsters. Most are probably sincerely convinced that their increased power will help them pursue the greater good down the road. It’s just that others have been down this road before, and it isn’t pretty.

UPDATE: Longtime medical ethicist Wesley J. Smith has a nuanced look at Dr. Emanuel here. The post concludes:

[H]e explicitly advocates rationing based on what appears to be a quality of life measurement. From the piece [in the Hastings Center Report]:

This civic republican or deliberative democratic conception of the good provides both procedural and substantive insights for developing a just allocation of health care resources. Procedurally, it suggests the need for public forums to deliberate about which health services should be considered basic and should be socially guaranteed. Substantively, it suggests services that promote the continuation of the polity-those that ensure healthy future generations, ensure development of practical reasoning skills, and ensure full and active participation by citizens in public deliberations-are to be socially guaranteed as basic. Conversely, services provided to individuals who are irreversibly prevented from being or becoming participating citizens are not basic and should not be guaranteed. An obvious example is not guaranteeing health services to patients with dementia.

A lot of people are frightened that someone who thinks like Emanuel is at the center of an administration seeking to remake the entire health care system. Having read these two articles, I think there is very real cause for concern.

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The Health Care Ad ABC Won’t Run

Friday, August 28, 2009

ABC is refusing to air a national ad by The League of American Voters, featuring a neurosurgeon asking the question, “How can Obama’s plan cover over 50 million new patients without any new doctors?”

ABC justified the decision by pointing to a long-standing policy against running partisan commercials. Dick Morris, a onetime advisor to former President Bill Clinton and chief strategist for the League of American Voters, called the ABC decision “the ultimate act of chutzpah.” As he explains:

“ABC is the network that turned itself over completely to Obama for a daylong propaganda fest about health care reform,” he said. “For them to be pious and say they will not accept advertising on health care shuts their viewers out from any possible understanding of both sides of this issue.”

Fox News reports that NBC may also choose not to run the ad.

I suggest we respond to this abuse of the public airwaves by creating a little homegrown balance. Forward the commercial to friends and family, and while you’re at it, steer them to Acton’s health care page, which includes this piece on “The Problem with Socialized Government Healthcare.”

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Book Review: How to Argue Like Jesus

Wednesday, August 19, 2009

I recently finished How to Argue Like Jesus (Crossway, 2009) by Joe Carter (The Evangelical Outpost, First Thoughts) and John Coleman. I would have loved to have had this book to assign during the 13 years I taught college composition and rhetoric. So many of my fellow evangelicals think rhetoric is a dirty word, as in “That’s just a bunch of rhetoric.” But as this primer makes clear, Jesus was a master of rhetoric, a master of principled persuasion.

Happily, How to Argue Like Jesus doesn’t act as if Jesus created a completely new rhetoric during his earthly ministry. Aristotelian categories serve as the basis for the first three chapters: Pathos, Logos, and Ethos. And in two other chapters, the comp/lit teacher will encounter many of the usual suspects found in standard overviews of poetic and stylistic devices (metaphor, simile, parallelism, chiasmus, etc.).

Chapter 5 focuses on the persuasive power of what Edmund Burke referred to as “little platoons.” Chaper 6 is a helpful summary chapter. And the final chapter provides three case studies, two taken from a Hollywood movie and one from a notable political speech from the 1960s.

I do have a couple of quibbles with the book. The brief discussion of Jesus’s use of parables is generally solid, but Jesus stated explicitly that he used parables, at least in part, to block understanding in some of his listeners. I would have liked to have seen the book explore this curious feature of Jesus’s rhetorical strategy more adequately.

Also, while the book’s writing style is generally solid and engaging (as one would expect from the creator and sustainer of The Evangelical Outpost), can we declare a global evangelical ban on the adjective “impactful” and “impact” used as a transitive verb? Mercifully, the terms aren’t a common fixture of the book, but it does crop up in a few places, and it doesn’t impact me. No, it hurts me. It moves me to tears.

Thus, I urge my fellow evangelicals everywhere to stop talking about “impactful” things that “really impacted” us. And while we’re at it, let’s declare a global evangelical ban on the cancerous overuse of “just” in the sense of “simply.” I mean, when you’re praying, just reach down into your bag of prayer words and just yank it out of there. Just do it. Carter and Coleman didn’t let it infect their book. If they can do it, so can we.

But I digress. How to Argue Like Jesus serves as a highly effective primer on rhetoric. By taking readers on a lively journey through the many persuasive techniques Jesus used in his earthly ministry, the book promises to hold the attention of young evangelicals more effectively than a typical comp/rhetoric textbook. I can enthusiastically recommend it for both Christian high school English classes and as supplementary text in college composition and rhetoric classes. I know we intend to assign it to our homeschoolers in the Witt household.

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Jaffa on How Marx May Win After All

Tuesday, August 18, 2009

This from a new Uncommon Knowledge interview with Harry Jaffa:

The society of the future is one in which the moral distinction that is based upon the Judeo-Christian and Greek traditions will dissolve. We are moving into a Communist world; we are moving into the world that Marx wanted without knowing it and without having the kind of revolution that Marx predicted and thought was necessary. For example, the President always talks about our values. What does [President Obama] mean by values? Values are moral choices, which have no object or basis. The value is a subjective desire, not an objective truth. He does not know what he is saying; he does not know the importance. A hundred years ago, nobody would have spoken about our principles as being values.

For more on the necessity of a transcendent moral order to the development and maintenance of liberty, see Acton’s latest documentary, The Birth of Freedom. The trailer, as well as several video shorts, are available at www.thebirthoffreedom.com.

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Money, Greed and God on Bible Answer Man

Thursday, August 6, 2009

The Bible Answer Man is in the middle of an extended, two day interview of Jay Richards, about Jay’s new book, Money, Greed and God: Why Capitalism is the Solution and Not the Problem. It’s the most in-depth discussion of the book I’ve encountered on the internet, and Hank Hanegraaff’s introduction alone makes it worth a listen. Yesterday’s interview is here. Today’s interview will stream here.

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