Perhaps we could rephrase that as the difference between “pro-consumer” and “pro-single interest”.
National Review Online discusses how thrilled some self-serving lobbyists are that a certain deal in Washington will benefit members of their focused trade group. It’s a good deal because their members will make money off the deal. See Sometimes, Being ‘Pro-Business’ and ‘Free Market’ Are Opposed.
The article gets into partisan details, which I will omit since I don’t do partisan stuff.
Here’s the money quote:
Being free-market means creating favorable conditions for better and faster economic growth for all. Being pro-business, however, means creating favorable conditions for specific business interests, often at the expense of their consumers or competitors.
If you want favors from Congress or a regulator to benefit your company or you are trying to give your trade group members an advantage, you aren’t pro-market, or free-market, or a capitalist. You are “pro-business.” You are just a crony capitalist.
If you want Congress and regulators to make a level playing field, so that businesses can compete and consumers benefit, you are pro-market or free market. You are a capitalist.
There is a huge difference.
Who benefits? Just you? Or everyone?