Posts tagged with: Samuel Gregg

george horrifiedIn today’s Public Discourse, Acton’s director of research, Samuel Gregg, discusses the enormous debt crisis the U.S. and many nations currently face. While debt crises are hardly new, Gregg states, America’s current debt situation is frightening.

America’s public debt amounts to approximately 105 percent of GDP. Since 20 January 2009, America’s total outstanding public debt has grown from $10.626 trillion to $18.152 trillion as of May 8 this year. Such an increase reflects a consistent disparity between government revenues and expenditures that has long plagued America’s public finances.

What’s driving this debt? Gregg’s response: the welfare state. (more…)

postudo-108Francis X. Rocca’s Wall Street Journal article about Laudato Si’ has been translated into Spanish. Featured in Tuesday’s EcoLinks, this piece addresses many topics surrounding the new ecological encyclical, including the pope’s seeming condemnation of capitalism. Rocca quotes Acton’s Director of Research, Samuel Gregg who argues that the system the pope condemns is not actually free market capitalism:

El pontífice argentino, el primero en la historia en provenir del hemisferio Sur, escribe sobre la “deuda ecológica” del Norte global con el Sur, aduciendo que “los pueblos en vías de desarrollo, donde se encuentran las más importantes reservas de la biosfera, siguen alimentando el desarrollo de los países más ricos a costa de su presente y de su futuro”.

Las duras palabras de la encíclica desataron una inmediata polémica, anticipando el peso que la postura del Papa puede llegar a tener en el debate sobre cómo responder al cambio climático. Samuel Gregg, un católico que se desempeña como director de investigación del Acton Institute, un centro de estudios ecuménico conservador que promueve el libre mercado, objetó las premisas económicas del Papa, al decir que Francisco tiene “puntos ciegos significativos” sobre la economía de mercado. También dijo que la encíclica “en muchos aspectos es una caricatura de la economía de mercado”.

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pope plantThe most common question surrounding the new encyclical from Pope Francis is some variation of: Why is a Church leader talking about politics, economics, and science? Many argue that this encyclical is merely trying to encourage conversation on how best to be stewards of creation. In the past, papal encyclicals have created controversy, but have helped to further debate and discussion and have informed consciences.

Kathryn Jean Lopez, of the National Review, argues that this encyclical on ecology, “presents a fuller vision of creation and our responsibilities toward it than we’re reliable to see on any given Vanity Fair Caitlyn Jenner cover-story reading day.”Lopez assures that the pope, in this encyclical, is “not concerned with settling some scientific dispute, not does he claim competence to do so.” She reiterates this point but actually quoting the encyclical: “The Church does not presume to settle scientific questions or to replace politics.”

However, she does raise issues with some specifics of the encyclical, citing Acton’s Samuel Gregg:
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pope plantToday’s Washington Examiner has a piece that says “conservatives” are slamming Laudato Si’, the new papal encyclical released yesterday. “Slam” may be too strong a word; though there is plenty of vigorous discussion regarding the encyclical.

Acton’s director of research Samuel Gregg is quoted in the Washington Examiner piece, and while he is clearly concerned about portions of the encyclical, he does not “slam” this work either.

It tends to characterize free markets as unregulated, which is simply untrue. It also seems to blame markets for so many social ills which may perhaps in the case of developing countries reflect that they don’t have free markets,” Samuel Gregg … told the Washington Examiner.

Gregg said some of the rebukes of the free market system stem from the pope’s Argentine upbringing. He noted the government and religion are more intertwined in Latin America, where states often operate robust social spending programs with an eye toward alleviating poverty. Detractors of such policies have noted the systems prevent foreign investment and trade while awarding handouts to cement political patronage.

The entire piece is available here.

Samuel Gregg, director of research at the Acton Institute, spoke with Business Spectator about the economic message of the new encyclical:

When you read through the text, you find the free market, and finance in particular, is identified more or less as responsible for many environmental problems, Dr Gregg said.  It’s almost a subterranean theme of the encyclical …In many respects it’s a caricature of market economies.

Read more at “Pope Delivers Strong Message on Climate Change.” from Business Spectator.

declaration-facts-wideToday in The Federalist, Acton director of research Samuel Gregg looks ahead to Pope Francis’ American visit. Gregg, of course, cannot predict the future, but he can respond to others’ speculation; in particular, he takes issue with Jeffrey Sachs. Sachs, in America magazine

argued that another old-style Jesuit—Pope Francis—will be coming to an America uninterested in virtue, mired in consumerism, and fast becoming a hyper-individualistic society obsessed with rights.

Turning on the television soon confirms there’s some truth in Sachs’ analysis. Witness the relentless advertising that tells you that you’re not fully human unless you have the very latest whatever. Yet materialism and consumerism are just as widespread in, for instance, social-democratic Western Europe, klepocratic Russia, Communist China, and crony corporatist Latin America. Hence, it can hardly be described as a particularly American problem.

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Acton University 2015 got underway last night with an opening plenary address by Dr. Samuel Gregg on the topic of Truth, Reason and Equality. Gregg emphasized that the pursuit of authentic equality must be rooted in a deep respect for truth, not in “sentimental humanitarianism.” We’re pleased to share his address with you via the video player below.

StFrancis06With the newest papal encyclical due out soon, and with its purported title to be Laudato si’ [Praised Be You] from St. Francis of Assisi’s great prayer, The Canticle of the Sun, Acton’s director of research Samuel Gregg takes a closer look at this saint.

St. Francis of Assisi loved God’s created world; of that there is no doubt. However, is he the patron saint of the eco-warrior crowd? Gregg says there are far too many myths that surround this great servant of God. For instance, many people attribute the Peace Prayer (“Lord, make me an instrument of your peace…”) to St. Francis of Assisi. Not true.

It was written by Sebastian Temple, a twentieth century South African born composer. The prayer on which Temple based the hymn can’t be traced further back than a French magazine published in 1912.

The text to which I always turn whenever claims about Francis of Assisi are made is Augustine Thompson O.P’s meticulously researched Francis of Assisi: A New Biography (2012). The real strength of this biography is the way it rigorously analyzes the documentary record and sources and shifts out what is reliable from that which is hearsay and legend.

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NovakToday’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 human dignity, realize their God-given capacities, and provide for themselves and their families? When many people think of capitalism, they imagine factory owners exploiting workers. Novak sees a woman with a micro-loan who can now start a business to support her family, or a community of immigrants who have arrived in America—like Novak’s own Slovak ancestors—who through hard work in their local community can build better lives for themselves and those around them. (more…)

benedict newspaperWe are five months into 2015, and life is still unjust. People are still ignorant and hurting each other. All the things we hope and pray for – peace, love, faith, understanding – still seem unattainable.

Pope Emeritus Benedict XVI (Joseph Ratzinger) has spent his life thinking, theologically, about these things. In today’s Crisis Magazine, author James Day examines Ratzinger’s writings and teachings regarding “the source of mankind’s pervading unhappiness and alienation from each other and God.”

Ratzinger has seen in his lifetime a world transformed from celebrating widespread Catholic feast days in the “years of Our Lord,” Annis Domini—A.D.—to the artificial designation of the relativistic Common Era, and with it, an abandonment of things divine and a lowering of standards so much so we dare not contemplate forgiveness, reconciliation, and a new way. This transformation has been a disaster for both the possibility of real change and recognizing the impact of Benedict’s place in culture’s wake. James V. Schall’s reflection written the week of the pope’s abdication continues to hold true today: “Anyone who is not aware of the intellectual caliber of Benedict simply reveals his own incompetence or incomprehension.”

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