In appreciation of what makes Americas generosity possible

Published: Thursday, December 25, 2025 at 1:00 pm

Economic Growth: The Foundation of Generosity and Liberalism

The holiday season prompts reflection on the societal conditions that foster generosity and well-being. The author argues that the warmth, security, and generosity many Americans experience are not accidental but rather the products of sustained economic growth. This growth, characterized by expanded opportunity and reduced hardship, provides the foundation for moral ideals to flourish.

Historical evidence suggests that societies that have escaped poverty are best equipped to practice generosity and liberalism. Economic abundance, rather than corrupting moral life, enables it. The author emphasizes that economic growth is not at odds with our highest values but is a prerequisite for their vigorous pursuit.

The dramatic acceleration of economic growth, beginning in the 19th century, transformed human prospects, leading to rising living standards, declining poverty, and increased education. This abundance fostered greater tolerance, pluralism, and peaceful coexistence. Research indicates that societies experiencing sustained growth tend to be more committed to liberal values. When people believe the future will be better, cooperation becomes easier.

Conversely, when economic growth slows, even affluent societies can begin to unravel. Zero-sum thinking returns, and politics can become inward-looking and resentful. The author suggests that current anxieties stem from decades of slowed productivity growth, leading to a perceived closing of opportunity.

To reverse these destructive reactions, the author advocates for rebuilding the conditions for abundance. This involves removing government obstacles to work, building, and innovation. Specific recommendations include eliminating restrictive occupational licensing and reforming scope-of-practice rules in healthcare. Additionally, the author highlights the importance of energy abundance, emphasizing the need for cheap, reliable energy sources to support housing, manufacturing, and medical care. Ultimately, the author concludes that economic growth makes us more capable of being generous to one another.

BNN's Perspective:

The author's argument for the link between economic growth and societal well-being is compelling. While acknowledging the importance of economic prosperity, it's crucial to ensure that the benefits of growth are broadly shared and that environmental sustainability is prioritized. A balanced approach that fosters innovation while addressing potential inequalities is essential for a truly generous and thriving society.

Keywords: economic growth, generosity, liberalism, abundance, poverty, opportunity, productivity, stagnation, innovation, energy, healthcare, occupational licensing

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