Economics

The Concept of Progress

The concept of progress, i.e., an improvement or completion (in modern jargon, a rationalization) became dominant in the eighteenth century, in an age of humanitarian-moral belief. Accordingly, progress meant above all progress in culture, self-determination, and education: moral perfection. In an age of economic or technical thinking, it is self-evident that progress is economic or technical progress. To the extent that anyone is still interested in humanitarian-moral progress, it appears as a byproduct of economic progress. If a domain of thought becomes central, then the problems of other domains are solved in terms of the central domain – they are considered secondary problems, whose solution follows as a matter of course only if the problems of the central domain are solved.

– Carl Schmitt, The Concept of the Political 

In an unintentional manner, Schmitt summarizes well not just the concept of progress generally, but — unintentionally — the ethos of think-tanks such as The Mises Institute, The Cato Institute, and even the Catholic-backed Acton Institute. It is the ethos of the so-called “Washington Consensus” that emerged after 1989, the consensus which gave us the World Trade Organization, NAFTA, and a global investment regime that erodes national sovereignty in the name of economic improvement. “Spread the wealth” via “free trade” and everything will fall into place: peace, security, stability, “human rights,” etc. How quickly has that dream, that myth, unraveled in the wake of the terrible realization that human souls cannot be placated with “stuff” and a life infused with meaning, even demonic meaning, has more power to move mountains than the wealth of every global elite combined.

What is the Alt-Right? 

A bit over a week ago I was on Church & State on Magnificat Media to discuss the alt-right, among other things. You can listen to it here.

The Morality of the Market Economy? A Reply to Jensen

Fr. Gregory Jensen, an Orthodox priest who has been recruited into the Acton Institute’s side project of manufacturing a pro-capitalist social teaching for the Christian East, opined earlier this month that shifts in retail praxis during this “holiday season” away from the supersized “Black Friday” model (e.g., stores opening up on Thanksgiving) was due to the “moral cues of shoppers.” According to Jensen, shoppers wishing to do wholesome things have helped reshape the behavior of retailers by shaming them into dialing-down their formerly aggressive marketing campaigns for “Black Friday”-exclusive deals and keeping their doors closed so that their employees can spend Thanksgiving (an atrocious holiday) with their families. This alleged shift “is critical for helping us understand the moral goodness of the market economy,” or so says Jensen. Here are a few more of his words:

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