Michael Novak’s theory regarding Western democratic capitalism can be summerized as a three-legged stool with the legs being, political freedom, economic freedom, and moral restraint.
We are witnessing the after effects of the complete removal of moral restraint.Â Political and economic freedoms have been curtailed for the last 20 years or so, but they are still, in basic form, there.Â The politicians (on both sides) are calling for new regulations, however, as crass as this sounds, there is a similarity between the current panic seeking to create new regulations…and abortionâ€”morality cannot be legislated.
Here are a couple of good articles.
This Too Will Pass (i.e., DON’T PANIC)
AIG: A Study in the Difference Between Campaigning andÂ Governing (i.e., ignore both political campaigns in regards to their rhetoric on the issue)