In Bootleggers & Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics, economists Bruce Yandle and Adam Smith explain how money and morality are often combined in politics to produce arbitrary regulations benefiting cronies, while constraining productive economic activities by the general public.
Featuring Frits Bolkestein, Former EU Commissioner for Internal Market and Services; John R. Gillingham, Board of Curators Professor, University of Missouri-St. Louis; and Angelos Pangratis, Deputy Head of the EU Delegation to the United States; moderated by Marian Tupy, Policy Analyst, Center for Global Liberty and Prosperity, Cato Institute.
The Lisbon Treaty of 2009 massively increased the powers of Brussels and gave the European Union its own resident and foreign service. Supporters of Lisbon claim that it will make the EU more efficient and effective. Critics say that the treaty, which was adopted in spite of its rejection in several national referenda, will further deepen Europe’s “democratic deficit.” Other events, including the violation of the legal arrangements prohibiting the recent bailout of Greece, raise questions about the EU’s commitment to the rule of law. By transcending nationalism, the EU was meant to be the way of the future. Today, however, many associate it with an unelected and unaccountable bureaucracy. Please join us for a discussion about the accomplishments and controversies surrounding the European project.