In an incisive column at TownHall.com, George Will points out that the alliance between religious conservatives and economic conservatives seems ready to crumble.
Like Job after losing his camels and acquiring boils, the conservative movement is in distress. Mike Huckabee shreds the compact that has held the movement’s two tendencies in sometimes uneasy equipoise. Social conservatives, many of whom share Huckabee’s desire to “take back this nation for Christ,” have collaborated with limited-government, market-oriented, capitalism-defending conservatives who want to take back the nation for James Madison. Under the doctrine that conservatives call “fusion,” each faction has respected the other’s agenda. Huckabee aggressively repudiates the Madisonians.
He and John Edwards, flaunting their histrionic humility in order to promote their curdled populism, hawked strikingly similar messages in Iowa, encouraging self-pity and economic hypochondria. Edwards and Huckabee lament a shrinking middle class. Well.
Economist Stephen Rose, defining the middle class as households with annual incomes between $30,000 and $100,000, says a smaller percentage of Americans are in that category than in 1979 — because the percentage of Americans earning more than $100,000 has doubled from 12 to 24, while the percentage earning less than $30,000 is unchanged. “So,” Rose says, “the entire ‘decline’ of the middle class came from people moving up the income ladder.” Even as housing values declined in 2007, the net worth of households increased.
Read the whole article.
Provides further evidence for Ayn Rand’s claim that altruism provides a lousy philosophical basis for capitalism.