Edward Conard

Top Ten New York Times Bestselling Author

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Common Good Conservatisms Catholic Roots

Alexander William Salter Wall Street Journal
Date Posted:
May 21, 2021
Is Database:
Database

Economic independence, defined as control over productive resources, has historically led to political liberty, as seen in the transition from serfs to free yeomen.

Economic independence, defined as control over productive resources, has historically led to political liberty, as seen in...
Economic independence, defined as control over productive resources, has historically led to political liberty, as seen in the transition from serfs to free yeomen. This evolution underscores the importance of a society of propertied households in sustaining free institutions. Distributism, a philosophy advocating for the dispersion of property, highlights that political freedom is not merely a product of legal reforms but requires ordinary families to have a stake in self-governance. In a democracy, citizens are akin to shareholders, and their engagement is crucial for maintaining liberty. This perspective aligns with common-good capitalism, which seeks to balance free enterprise with social responsibility, ensuring that workers benefit from their labor while businesses reinvest profits to create dignified work. The distributist approach offers insights into achieving a political economy where liberty and the common good coexist, challenging both laissez-faire capitalism and managerial-state socialism.

"...Belloc and Chesterton asked: Where did political freedom come from? Free institutions of the West didn’t arise in a vacuum. Events dating to the fall of the Roman Empire produced conditions that protected laborers against the capriciousness of aristocrats. Over centuries, slaves became serfs, serfs became peasants, and peasants became free yeomen. Economic independence, meaning control of productive resources, gave rise to political liberty....Free institutions can be sustained only by a society of propertied households. Why would a worker who owns nothing but his labor consent to a system that protects property rights and due process, important as those institutions are?...Political ideology isn’t reducible to self-interest, but protecting freedom requires giving ordinary families a stake in self-governance. As any economist will tell you, that which nobody owns, nobody cares for. You can’t “own” a political system, but you can certainly create buy-in for one. In a democracy, all citizens are supposed to be the shareholders of the realm. The distributist insight is that this is more than a slogan. It is a prerequisite for government by discussion among free and dignified equals..."

Alexander William Salter, "‘Common Good’ Conservatism’s Catholic Roots,"Wall Street Journal, May 20, 2021, https://www.wsj.com/articles/common-good-conservatisms-catholic-roots-11621527530

Common Good’ Conservatism’s Catholic Roots

It’s no secret that U.S. conservatives and big business are falling out. Skepticism on the right toward corporations is at an all-time high. Many within the GOP regard woke capital as the greatest threat to American liberties. In fact, conservatives are rethinking the social role of markets in general. If free enterprise has lost the power to inspire the U.S. right, what’s the alternative?

Sen. Marco Rubio, in a 2019 address at the Catholic University of America, drew on Catholic social teaching to condemn the excesses of free-market capitalism and managerial-state socialism. “What we need to do,” Mr. Rubio asserted, “is to restore common-good capitalism—a system of free enterprise in which workers fulfill their obligations to work and enjoy the benefits of their work, and where businesses enjoy their right to make a profit and reinvest enough of those profits to create dignified work for Americans.”

Especially among Catholic intellectuals, there’s a growing enthusiasm for common-good politics and economics. According to the Catechism of the Catholic Church, “By common good is to be understood ‘the sum total of social conditions which allow people, either as groups or as individuals, to reach their fulfillment more fully and more easily.” Common-good thinkers are comfortable with government interventions into the economy to achieve these ends.

Defenders of free markets, including me, took for granted the supremacy of laissez-faire. That many allies have embraced market skepticism shows we must double our efforts to engage and persuade. A natural place to start is the attempt within the Catholic intellectual tradition to embody common-good principles in political and economic institutions: the philosophy known as distributism.

Distributism flourished during the early 20th century, when Catholic intellectuals such as Hilaire Belloc and G.K. Chesterton wrote about the moral challenges of industrial capitalism. Property ownership is central to distributism. In fact, distributists claim the chief problem with property is that there isn’t enough of it: Property tends toward concentration, resulting in a proletarianized society with no stake in the social order. To uphold the common good, private property must be dispersed.

Few economists, Catholic economists included, think highly of distributism. They regard it as a utopian scheme permeated with economic fallacies. Indeed, the classic works of Belloc and Chesterton are full of dubious economic claims. Nevertheless, it’s a mistake to dismiss distributism. What matters is the social vision and its relevance to common-good capitalism. John Neville Keynes, father of John Maynard Keynes, distinguished the “science of economics” from the “art of political economy.” The former is analytic and precise; the latter imaginative and humane. Distributism isn’t scientific, but it is artful, and it offers much to learn about both liberty and the common good.

Economic freedom is generally thought of as downstream from political freedom. The first task is setting up good “rules of the game” for politics. This protects the rights of citizens, including the freedom to produce and consume. Belloc and Chesterton asked: Where did political freedom come from? Free institutions of the West didn’t arise in a vacuum. Events dating to the fall of the Roman Empire produced conditions that protected laborers against the capriciousness of aristocrats. Over centuries, slaves became serfs, serfs became peasants, and peasants became free yeomen. Economic independence, meaning control of productive resources, gave rise to political liberty.

For those who dream of restoring and keeping liberty, the distributists show the insufficiency of legal reforms and policy analyses. Free institutions can be sustained only by a society of propertied households. Why would a worker who owns nothing but his labor consent to a system that protects property rights and due process, important as those institutions are?

Political ideology isn’t reducible to self-interest, but protecting freedom requires giving ordinary families a stake in self-governance. As any economist will tell you, that which nobody owns, nobody cares for. You can’t “own” a political system, but you can certainly create buy-in for one. In a democracy, all citizens are supposed to be the shareholders of the realm. The distributist insight is that this is more than a slogan. It is a prerequisite for government by discussion among free and dignified equals.

Distributism offers a way of thinking about businesses, markets and the common good that cuts across traditional political divides. On inequality, distributism aligns more closely with progressivism. On the administrative state, distributism aligns more closely with conservatism. But both are for the same reason: a commitment to government by citizens, not technocrats. The “democratic faith is this,” Chesterton wrote: “that the most terribly important things must be left to ordinary men themselves,” including “the laws of the state.”

Common-good capitalism tries to revive Jeffersonian-Jacksonian economic populism without the morally troublesome aspects of these traditions. Distributism fits well with this political turn on the American right. The common good is worth taking seriously, and the distributist perspective deserves a hearing.

Mr. Salter is an associate professor of economics in the Rawls College of Business at Texas Tech University and a fellow at Texas Tech’s Free Market Institute.

  • Politics
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Showing 187 database articles primarily about Politics

Who Sees Themselves as Working Class?

AI Summary. 60% of U.S. adults identify as working class, including half of college graduates and upper-income earners, making the label broadly adopted across economic lines rather than confined to lower-income or blue-collar workers.

Steven Shepard, Hannah Hartig, Andy Cerda and Jocelyn Kiley Pew Research Center
Date Posted:
September 1, 2026
Is Database:
Database

60% of Americans say “working class” describes them “extremely” or “very” well. Republicans are more likely than Democrats to identify as working class – strikingly 61% of Republicans who have a family income of at least $155,600 identify as working class, compared to 38% of such Democrats.

Does working class identity reflect actual economic status or cultural values?

Core argument: Sixty percent of U.S. adults identify as working class, a label adopted across income and education lines — including half of upper-income Americans and half of bachelor’s degree holders — signaling the term has lost its traditional socioeconomic boundaries.

Most Americans think of themselves as “working class” today: Overall, 60% of U.S. adults say the term describes them well. And the identity is widely adopted by people across all income and educational groups – including half of both Americans who have a bachelor’s degree and those who are upper-income. Those working in blue-collar occupations are particularly likely to identify as working class (77%), [as are] a majority of those working in other occupations (61%). White adults are more likely than Black adults to identify as working class. About six-in-ten White (62%) and Hispanic adults (59%) overall view themselves as working class, as do roughly half of Black (54%) and Asian adults (52%).

Takeaways by Macro Roundup® AI

  1. Sixty percent of U.S. adults identify as working class, a label adopted across income and education lines — including half of upper-income Americans and half of bachelor’s degree holders — signaling the term has lost its traditional socioeconomic boundaries.
  2. Blue-collar workers identify as working class at the highest rate (77%), yet a majority of workers in other occupations (61%) claim the same identity, indicating occupational type is a weak predictor of class self-perception.
  3. White adults identify as working class at a higher rate (62%) than Black (54%) or Asian adults (52%), with Hispanic adults (59%) closely tracking the White share.

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The Rise of Anger: Emotions and Policy Views

Eva Davoine, Stefanie Stantcheva, Thomas Renault and Yann Algan Harvard University
Date Posted:
August 20, 2026
Is Database:
Database

Davoine, et al. show that angry policy-related tweets among voters rose from 34% to 46% over 2013–2025. Angry posts got ~60% more retweets, and experiments that induced anger showed it can move views on trade, immigration, redistribution and climate.

Figure 6 illustrates the monthly evolution of anger among Democratic- and Republican-affiliated X [Twitter] users. Each line reports the share of sentences classified as expressing anger within each political affiliation, and the plotted series are shown as six-month moving averages. It shows that Republican voters start with a higher baseline level of anger at the beginning of the period (about 38% compared to 27% for Democrats). Anger rises sharply for both groups after the 2016 election, but much more among Democrats. As a result, the initial partisan gap is much smaller by 2019. Both series then plateau from 2019 to 2022. Among Democratic partisans, anger declines slightly after Biden’s election but remains well above pre-2016 levels. Republican anger continues to rise during the Biden presidency, reaching approximately 50% by 2025.

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The DSA Sweet Spot: Highly Educated, Downwardly Mobile

Nate Silver Silver Bulletin
Date Posted:
July 22, 2026
Is Database:
Database
Is Important:
Important

Silver finds that the most liberal voters are highly educated and lower-income. Only 19% of Americans with a college degree had a household income of $60,000 or less, but responders to a DSA survey were ~ twice as likely to fall into that category.

The US voters most likely to identify as “very liberal” are those with postgraduate degrees but lower-to-middle household incomes of $30K to $60K per year. This is very much also the sweet spot for the DSA. In the DSA’s most recent member survey in 2021, 80% of members aged 25 or older had bachelor’s degrees, but 45% had household incomes below $60,000 per year. This is unusual because education and income are usually substantially positively correlated. In the composite CES data, only 19% of Americans with bachelor’s degrees or higher had household incomes of $60K or below, while respondents to the most recent DSA survey [were twice as likely to fall into this category].

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  • Zero-Sum Thinking and the Roots of US Political Differences — Surveying a large US sample, Chinoy et al built an index of “zero-sum thinking” using four questions as to whether one group’s gains come at others’ expense…
  • Political Representation Gaps and Populism — Surveys in 27 European countries show that MPs’ policy views generally match those of their voters on economic issues, but are systematically to the left on…
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America’s Support for Capitalism Has Declined Over Last Decade

AI Summary. American confidence in capitalism has fallen from 60% to under 50% over the last decade, while only 12% believe democracy is working well and just 35% believe the economy offers a fair path to prosperity.

Aaron Zitner Wall Street Journal
Date Posted:
July 9, 2026
Is Database:
Database

A new WSJ poll finds only 35% of Americans think the assertion that “if you work hard, you’ll get ahead” still holds. Only 42% of respondents aged 18–34 think capitalism is working very or somewhat well, relative to 56% of those 65 or older.

Is capitalism losing support among Americans?

Core argument: Capitalism approval fell 10 pts to 50% over the past decade, driving erosion in confidence across core American institutions.

Americans are losing confidence in two main pillars of society: capitalism and democracy. Just under half of Americans say capitalism is working very well or even somewhat well, down from 60% who said so about a decade ago, according to a new Wall Street Journal-NORC survey. Only 35% are even fairly sure that the nation offers people the ability to get good jobs and achieve the American dream. Confidence in the nation’s system of government is even lower. Only 12% say democracy is working very well or extremely well, and a mere 16% say average citizens have considerable influence on politics. Two-thirds of Republicans said they were very proud of American history, three times the share of Democrats who said so. And Republicans in the survey stood apart in their belief in American exceptionalism, the long-held idea that the U.S. is unique or superior among nations. Nearly half of Republicans said that America stands above all other countries in the world, compared with only 8% of Democrats and 13% of independents.

Takeaways by Macro Roundup® AI

  1. Capitalism approval fell 10 pts to 50% over the past decade, driving erosion in confidence across core American institutions.
  2. Only 35% believe the U.S. offers pathways to good jobs and economic mobility, down from prior confidence levels, leading to.
  3. Republicans express 3x greater pride in American history than Democrats (67% vs. 22%), with 48% of Republicans believing America surpasses.

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  • Zero-Sum Thinking and the Roots of US Political Differences — Surveying a large US sample, Chinoy et al built an index of “zero-sum thinking” using four questions as to whether one group’s gains come at others’ expense…
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America Used To Be Exceptionally Patriotic. Now We're Below Average

AI Summary. American patriotism, measured by those "extremely proud" to be American, tracks closely with which party controls the presidency, with partisan gaps widening sharply over time. Republican pride swings ~14 points between administrations, while Democratic pride has collapsed from 58% to 14% across the same period.

Eli McKown-Dawson and Nate Silver Silver Bulletin
Date Posted:
July 8, 2026
Is Database:
Database

Gallup finds only 17% of Democrats are “extremely proud” to be an American, versus 30% of independents and 74% of Republicans – notable declines from 2005–2009, when 58% of Democrats/independents and 79% of Republicans were “extremely proud” to be an American.

Is American patriotism becoming a partisan identity rather than national sentiment?

Core argument: Democratic extreme pride fell 75% from 58% (2004–2008) to 14%, driving a 44-pt partisan gap vs. Republicans’ 74%, the widest.

During George W. Bush’s second term, an average of 58% of Democrats were extremely proud to be American according to Gallup, as was an identical share of independents — though Republicans were higher. The rough parity between Democrats and independents lasted through Barack Obama’s second term, but the share of extremely proud Democrats fell to an average of 30% during Trump’s first term and was just 14% in the most recent Gallup poll. Although Republicans are generally more patriotic, their opinions can shift based on who occupies 1600 Pennsylvania Avenue too. The share of Republicans extremely proud to be American fell from 79% on average during Bush’s second term to 60% during Biden’s term. What happened after Trump retook office? It jumped right back up to 74%.

Takeaways by Macro Roundup® AI

  1. Democratic extreme pride fell 75% from 58% (2004–2008) to 14%, driving a 44-pt partisan gap vs. Republicans’ 74%, the widest.
  2. Republican extreme pride dropped 24 pts from 79% under Bush to 60% under Biden, then rebounded 14 pts to 74%.
  3. Independents’ extreme pride collapsed from 58% parity with Democrats in 2008 to unmeasured levels, indicating depolarization of patriotic expression across.

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  • A Note on Factors Influencing Trust in Government — A Pew study finds that only 15% of Americans trust the Federal government to do what is right “most of the time,” down from ~75% in 1960. A secular drop…
  • Life Under Two: Debt, Deficits, and the AI Discontinuity — Paul Kedrosky argues the American economy is undergoing a fundamental shift from > 3% mean annual real GDP growth to “life under two,” or below…
  • Politics

Texas Is Becoming America Inc’s Centre Of Gravity

AI Summary. Texas leads all U.S. states in business investment and population growth, creating roughly 20% of net new jobs nationally from 2020 to 2025, and is on track to surpass California as the largest U.S. economy.

Economist Staff The Economist
Date Posted:
June 2, 2026
Is Database:
Database

According to CBRE, at least 184 American firms, including Tesla and Caterpillar, moved their headquarters to Austin, Dallas or Houston btw 2020 and 2025. During that period, Texas drove ~20% of all net job creation in the US.

Is Texas replacing California as America's economic powerhouse?

Core argument: Texas created ~20% of all net new U.S. jobs from 2020–2025, driving its emergence as the nation’s primary business investment.

On May 27th the shareholders of ExxonMobil approved a plan to cut its ties with New Jersey and reincorporate in Texas, where it has long had its headquarters. The oil giant is not alone. Texas is steadily establishing itself as America Inc’s new centre of gravity. No state receives more business investment or is adding more people to its population. From 2020 to 2025 it created roughly a fifth of all net new jobs in the country. It is only a matter of time before Texas overtakes California as the largest economy in America. Texas’s success should worry those in New York and California monitoring their tax take. At the same time it has spawned a raft of imitators. Legislators in North Carolina have passed a plan to get rid of its corporate-income tax by 2030. Tennessee has copied Texas’s strategy of offering firms shovel-ready mega-sites. Nevada is trying to launch its own business court.

Takeaways by Macro Roundup® AI

  1. Texas created ~20% of all net new U.S. jobs from 2020–2025, driving its emergence as the nation’s primary business investment.
  2. ExxonMobil’s reincorporation in Texas signals a broader corporate migration that leads to revenue losses for high-tax states like California and.
  3. Texas’s economic dominance positions it to surpass California’s GDP, prompting competitive tax and regulatory reforms across North Carolina, Tennessee, and.

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