I was a scholar at the American Enterprise Institute (AEI) in Washington, and my neighbor was Michael Novak, a theologian and philosopher who has written about issues like the morality of capitalism and the Christian roots of free markets. It's possible to be fascinated intellectually with the Christian heritage without being devout.
What we have to do is to definitively remove the last vestiges of power from those who treat terms such as 'liberal democracy,' 'free markets' and 'Europe' with suspicion.
We are in favor of greater free markets.
Do you defend free markets, or do you reform them? It's the same issue that Labour had in the mid-Seventies, and it's the same issue the Tories had after 1945. How do you interact with this new ideological term?
Our belief in free markets and a level playing field are values that make the world more free, fair, and prosperous.
If China wants to spend $10 producing a product and sell it for a buck, who benefits from that? I think we do. I'm the free market guy. I think free markets work.
Imagine a libertarian president ending impediments to free markets.
What we can say with confidence is that the technological revolution is worsening inequality, due mostly to mechanisms that limit free markets. It is also bringing about disruptive change that is intensifying insecurity and may indeed lead to large-scale labor displacement.