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.