In considering issues of political economy today, it is always prudent to refer to wisdom from the past. The American Enterprise Institute’s recent publication “Economic Freedom and Human Flourishing: Perspectives from Political Philosophy” is a collection of essays that analyzes the thought of several prominent philosophers on the connection between the title’s two subjects. Many of the quotes below, pulled from six of the nine essays, challenge foundational aspects of classical liberalism and the value of the free market. As Yuval Levin comments at the end of his essay on Edmund Burke, markets can enable human flourishing, but they do not do so perfectly, “And it is precisely the friends of markets who should be most willing to acknowledge that, and to seek for ways to address it…for the sake of liberty and human flourishing.” (more…)
Naím explores in a variety of fields and with a great diversity of examples the way in which, as he puts it, “the powerful are experiencing increasingly greater limits on their power” and “power is becoming more feeble, transient, and constrained.” I think there’s a real sense in which Naím has identified a real phenomenon. Power is becoming more and more diffused.
But as I argue in my TGC review, that’s really only half the story. Naím often has to provide a caveat that in spite of much of the centralization that we see, power really is eroding full stop. My contention, however, is that what we’re really seeing is the eroding of power in civil society, an evacuation of the power and place of mediating institutions, in two directions: toward centralized structures and authorities and toward individuals. The inability to see this leads to conclusions that would only hasten and exacerbate the evacuation of power from such mediating structures.
Some of this echoes what Ross Douthat has been saying recently about individualism, following Nisbet in particular: “In the increasing absence of local, personal forms of fellowship and solidarity, he suggested, people were naturally drawn to mass movements, cults of personality, nationalistic fantasias.” I take my own proximate inspiration from Röpke and his identification of “enmassment,” but there are certainly resonances with Nisbet as well as older thinkers like Tocqueville.
I should note in response to Douthat’s observation that “from the Protestant Reformation onward, individualism and centralization would advance together,” this dialectic certainly cannot be explained solely in terms of the Reformation, as perhaps Brad Gregory would argue. The role of the Renaissance more generally, and particularly the renewed engagement with the varieties of ancient and pagan philosophy has as much, if not more, to do with the Enlightenment project of the liberated individual constrained by the collective than the Protestant Reformation.
[Part 1 is here.]
Economic freedom does generate certain challenges. The wealth that free economies are so effective at creating brings with it temptation. Wealth can tempt us to depend on our riches rather than on God. The temptation can be resisted, as we see with wealthy biblical characters like Abraham and Job. But it’s a challenge the church should be mindful of, helping its members cultivate a balanced view of money and of our responsibility and opportunities as stewards of the things God has given us.
The free society also can be hard on communities, since the free enterprise system makes for such a mobile society. Michael Miller talks about this: the opportunities and demands generated by a complex market economy mean that people often end up moving far away from their childhood homes and the network of relationships that surrounded that home. In seeking to meet this challenge, we need to ask ourselves what strategies would effectively address the problem, and are there well-intended policies that are likely to make the problem worse. In essence, we need to exercise the virtue of prudence.
The sociologist Robert Nisbet has some useful insights here. In his 1953 work The Quest for Community, he developed the case that greater centralized political authority and social safety net spending beyond a certain minimal level actually begin to undermine civil institutions and community, since people depend less and less on their family and community bonds and more and more on state-sponsored humanitarian assistance.
According to a recent Pew Center report, “Record levels of bachelor’s degree attainment in 2012 are apparent for most basic demographic groups.” 33% of 25- to 29- year-olds are completing both high school and college. According to the report, this number is up from five years ago and at record levels for the United States in general. But what does it mean? Statistics like these are constantly being produced, but they are no good to us if we do not know how to interpret them. After attending the joint Acton/Liberty Fund conference this past weekend on Acton and Tocqueville, I have Tocqueville on the brain and wonder if, perhaps, he might have some insights that are still relevant today. (more…)
This is a book review by Rev. Johannes L. Jacobse, president of the American Orthodox Institute. He blogs at AOI’s Observer. This review will appear in the forthcoming Spring 2012 Religion & Liberty. Sign up here for a free digital subscription to R&L.
Roads to the Temple: Truth, Memory, Ideas, and Ideals in the Making of the Russian Revolution, 1987-1991. By Leon Aron (Yale University Press, June 2012). 496 pages
Review: The Second Russian Revolution (1987-1991)
Rev. Johannes L. Jacobse
“There are different ways to understand how revolutions work,” writes Leon Aron in his new book Roads to the Temple: Truth, Memory, Ideas, and the Ideals in the Making of the Russian Revolution, 1987-1991 that chronicles the collapse of Soviet Communism during Glasnost from 1987-1991. The most dominant is structuralism, an approach that draws from Marxist thought and sees the state as the central actor in social revolutions. In the structuralist view revolutions are not made, they happen.
Aron explains that structuralism has some merit because of its chronological linearity. It can reveal the events that lead from point A to B to C; an important function because the historian’s first step is to grasp what actually happened. But structuralism also has a grave flaw: the materialist assumptions (“objective factors”) informing it are deaf to the “enormously subversive influence of ideas.” (more…)
In the context of commentary on protests like those in Quebec and the Occupy movement more broadly, it’s worth reflecting on the dangers of democratic tyranny.
The “people” can be tyrannical just as an individual sovereign or an oligarchy might. That’s why Aristotle considered democracy a defective form of government, because it too easily enshrines the will of the majority into an insuperable law. As Lord Acton put it, “It is bad to be oppressed by a minority, but it is worse to be oppressed by a majority.” For this same reason Tocqueville worried about the tyrannical power of the will of the majority, once settled:
So, what is a majority taken as a collective whole, if not an individual with opinions and quite often interests, in opposition to another individual whom we call a minority? Now, if you admit that and all-powerful man can abuse his power against his opponents, why not admit the same thing for a majority? Have men, united together, changed their character? Have they become more patient of obstacles by becoming stronger?
Of course not. As Tocqueville goes on to observe, the self-righteous assurance of the majority makes their impatience even more striking. They will brook no dissent because of the assurance that they are correct and that the majority rules, as it ought to.
When the majority (99%) can simply decide to take what they decide they “deserve” from the minority (1%), you have the recipe then for deep injustice. What I don’t see, however, is any unified majority (yet). The student protesters in Quebec might have some sympathy, but whatever the political fallout will be, it is unlikely that the younger generation is going to be politically successful in their bid to protect their economic interests against the entrenched interests of the boomer generations. In part this is because as much as they might protest, or complain, or start Internet petitions, young people don’t vote and they don’t have powerful lobbying groups.
The dynamic is likely to be the same here in the US. As the share of federal spending is increasingly dominated by entitlements like Medicare and Social Security, you’ll end up having recipients of various entitlements fighting it out. And no matter how upset college students and recent graduates are, I don’t see their political interests holding more sway than say, the retired. The AARP will beat the student union six days a week and twice on Sunday.
We can see this dynamic playing out all over the world. As Bill Frezza writes (HT: The Transom) in the context of Greece and the EU crisis, “Democracy becomes a cancer if its powers are not limited. That is because a sustainable democracy requires not just votes, but also governing institutions that protect the rights of minorities against predatory majorities. The disease of voters voting themselves benefits at someone else’s expense has infected much of the world.”
He concludes, “Greece provides a stark example of what happens when a government runs out of other people’s money. If the rest of us don’t take heed while there is still time, we will all end up like you.” And if the Greek leftists have their way, it may not matter what the rest of the world does: “…if you want to send us to the bottom, we will take you to the bottom too.”
Today marks the official launch of the new and improved website for the Journal of Markets & Morality.
In addition to the new design, we also have included a search feature whereby anyone who wants can search back issues for keywords, authors, names, and so on. For example, a search for “Alexis de Tocqueville” yields 29 results, and a search for “subsidiarity” turns up 78! As is our current policy, everything up to the two most recent issues is free to access for the public and all issues are open to subscribers.