Full Debate (11 parts): Fox News ↗
During the fourth Republican Presidential debate of the 2016 election, Governor John Kasich of Ohio highlighted Michael’s most important thesis regarding the morality behind democratic capitalism.
This video is a clip from that debate, which was held on November 10, 2015, at the Milwaukee Theatre in Milwaukee, Wisconsin, and aired on the Fox Business Network, sponsored by The Wall Street Journal. This debate focused on jobs, taxes, and the general health of the U.S. economy, as well as on domestic and international policy issues. The moderators were Neil Cavuto, Maria Bartiromo and Gerard Baker.
Kasich: Secondly, I'll tell you about Wall Street: There's too much greed. And the fact is, a free enterprise system is a system that's produced the greatest wealth for the world. But you know Michael Novak, the great Catholic theologian, says that a free enterprise system that is not underlaid with values — and we should all think about the way we conduct our lives — yes, free enterprise is great, profits are great, but there have to be some values that underlay it, and they need a good ethics lesson on Wall Street on a regular basis to keep them in check so we, the people, do not lose.