From Elizabeth Warren to former president Trump, actors on both the political left and right show increasing willingness to expand the role of government in the country’s economic affairs. Skepticism of free markets, long confined to the left, is now in vogue across the political spectrum, fueling a renewed interest in industrial policy and trade protectionism. 

Samuel Gregg, a distinguished fellow in political economy at the American Institute for Economic Research and an Affiliate Scholar at the Acton Institute, pushes back against these trends and what he calls “state capitalism.” In this episode, Gregg joins Brent to discuss his recent book The Next American Economy, which is a forceful defense of free markets and the moral and historical foundations of economic policy in the broader context of American values and history.

Mentioned in this Episode

Adam Smith’s moral and political philosophy

The Theory of Moral Sentiments

The Wealth of Nations

Michael Novak

Patrick Deneen

Sohrab Ahmari