Issues
The rules of capitalism are being re-written. Banks are being nationalized. Governments are pouring money and incentives into the economic system. Interest rates are being lowered towards zero. Consumers are being asked to buy more in order to re-start the cycle of consumption-driven production, while Barak Obama gets on with saving the planet. Writing in the Guardian in August, Tory adviser Philip Blond explained succinctly that “the crisis of contemporary capitalism results... READ MORE >
Politics
I have a commentary in this week’s National Catholic Register entitled “What Now? Will New Voters Refashion the Democratic Party?” I argue that the election had a silver lining for Catholics: the same voters who turned out in large numbers for Obama—blacks and other minorities—voted strongly for California’s Proposition 8. I cite that example to make the case that it’s time for Catholics to appeal to disenfranchised socially conservative Democrats, and open up a political... READ MORE >
Politics
Sarah Palin Meets Woody Allen from RADAR on Vimeo.
If you’re feeling down about the ever-widening gap between blue-state and red-state America (and the even wider gap between blue and red Catholics), you can find hope in Sarah Palin. Ironically, the woman who’s been blamed for single-handedly re-igniting the culture wars is showing signs that she can appeal across the cultural divide. This past weekend she pulled off a smooth performance on Saturday Night Live, and now she’s inspired Radar Magazine to put together a video mash-up... READ MORE >
Business
In today’s NY Times, Peter Goodman’s excellent profile of former Federal Reserve Chairman Alan Greenspan confirms what I’ve been writing, that it was a specific “structure of sin”—financial speculation—rather than mere human greed (or bad home loans) that created the credit crisis. I’d always wondered how a rigid anti-government libertarian ideologue like Greenspan—an Ayn Rand disciple, no less—managed to get appointed to the most powerful economic post in the... READ MORE >
Business
Europe’s financiers were seduced by the lure of easy subprime mortgage profits, just like everyone else, and they’re suffering now, just like everyone else. But give Europe credit for one thing: Thanks to its Catholic roots, Europe’s leaders understand that the financial crisis wasn’t caused by some vague form of “greed”; it was caused by greed purposely channeled into useless financial speculation, rather than into productive investment.
This difference was clearly recognized... READ MORE >
Politics
Image Journal’s website features a blog by Brian Volck on the slippery nature of words; more specifically, the language of this election season, and key words like “change.” Both parties claim to be the agents of change. What does it mean? How does a word or expression change in a given context? In politics, are words used to clarify or obfuscate? Can spin doctors contort and distort words to a shadow of their former meaning?
“Perhaps that’s one reason,” Volck observes, “why... READ MORE >
Books
Rowan Williams, Archbishop of Canterbury, has recently written a book about Fyodor Dostoevsky, author of Crime and Punishment and The Brothers Karamazov. The book—Dostoevsky: Language, Faith, and Fiction—has drawn some controversy, not so much for its content, but for the question of whether it should have been written in the first place. Some object to Williams taking time off his duties as Archbishop (when the Church of England faces difficulties on its home turf) to pen... READ MORE >
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