Episode 55: The History of “Free Enterprise”

PodcastIn conservative political circles, the idea of “free enterprise” is revered with a religious zeal. This is especially interesting as these political ideals are often held by evangelical Christians. Host John Fea explores American religious history’s “business turn.” They are joined by Cornell historian Lawrence Glickman (@LarryGlickman), the author of Free Enterprise: An American History.

Congressional Budget Office: 22 Million People Will Lose Healthcare By 2026

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The Washington Post reports on this.

A few quick thoughts:

  1. The defenders of the Senate bill to replace the Affordable Care Act believe that the free market is the answer to all of our problems.  They are free to believe this.  But they also have to sleep at night realizing that 22 million people will lose health insurance as a result of this bill. It is very difficult to pull a social safety net out from under people once they already have it.  Ideas have consequences.
  2. The defenders of the Senate bill to replace the Affordable Care Act will inevitably argue that the Congressional Budget Office (CBO) is wrong in its conclusions.  OK, let’s grant this point. Let’s just say that the CBO is off by 10 million people.  The GOP defenders of this new bill will have to go to sleep at night realizing that 12 million souls will lose healthcare by 2026.
  3. The defenders of the Senate bill to replace the Affordable Care Act will hurt some of the most vulnerable people in American society, including seniors and the poor. The GOP defenders of this new bill–many of them say that they value the life of vulnerable members of society–will have to sleep at night.

Quote of the Day

From the editorial board of The New York Times:

The Carrier deal stands as an interesting argument against longstanding Republican economic orthodoxy.  In making the deal, Mr. Trump and Mr. Pence have embraced the idea that government does indeed have a role to play in the free market.  They intervened, and as a result, 800 people will keep their jobs.  If they applied the same interventionist approach to other labor issues–raising the minimum wage and expanding overtime pay come to mind–millions of working people might actually stand a chance.