Being ‘pro business’ is not the same as ‘pro free enterprise’.
When the government is giving big favors away it means whoever gets their favors makes a lot of money. Businesses are highly motivated to seek those favors. That is not being pro free enterprise.
In this video, the Nobel laureate Milton Friedman explains the why “pro free enterprise” is not the same as “pro business.”
[youtube=http://www.youtube.com/watch?feature=player_embedded&v=0gFV7bQQClg#t=219s]
Here’s a few ideas to ponder:
He prefers a dispersal of power to a concentration of power. That would increase choices and quality for consumers while lowering prices.
Do businesses compete with one another for your sales or do they compete for government favors?
Pro business versus pro free enterprise.
One is crony capitalism and the other is capitalism.
Hat tip: Carpe Diem.
0 Comments