Being “pro-market” means being pro-innovation, pro-competition, pro-transparency, pro-rule of law, pro-hard work, pro-efficiency. Being “pro-business” can on occasion mean these things also but typically it does not.
Truly it will not end well if people keep buying into the simple minded notion that the government is somehow their friend. That the state will mete out justice on behalf of the “people.” That somehow by expanding the power of the politicians life will be made better.
The government is to be tolerated. There are things it must do. But it is not your friend unless you are in the political class. Most of us are not.
We’ve said it many times here, and many others have said it before us in other places. Free markets are not typically the friend of big corporations with lots of market share, money, and friends in government. These companies are already fat and happy. Free markets and free prices allow new challengers to enter the marketplace. This brings prices down and quality up. Not what the fat firms want.
Chapter 30 of Hunter Lewis’s New Book
Capitalism is dynamic. It is ever changing. The freer it is the better it serves the “market”, also known as “people.” If innovation is allowed to happen. If new ideas can blossom, good things happen for society. Jobs are created. We move forward and life gets better.
DIY. DIY. DIY.
Once the state gets out of the way people can start finding solutions to everyday problems which were once thought only the purview of the government.
In one respect Marx was right. Economies do evolve. They do develop. But absent the religion of the “state” economies tend to evolve toward solutions. That’s what markets are all about.
As your mom (hopefully) said, “Cheaters never win.”
They do however get rich sometimes. And for some that’s all that counts.
It’s valuable to remember what economies look like without real prices and the free flow of information, services, and goods.
Why are falling prices bad? The Fed does everything it can to avoid “deflation.” But we have “deflation” in electronics every year, every month, and this increases our general quality of life. Why can’t this happen in other goods?