"Yet while a pro-business agenda may intersect at points with a pro-market one, they are not the same thing. Pro-market public policies make markets function fairer and more efficiently for everyone. They encourage competition and "creative destruction" and entrepreneurial capitalism. Pro-business policies often shift taxpayer money and other government goodies to favored companies, raise barriers to entry and otherwise defend the status quo." (James Pethokoukis, Money & Politics Columnist, Reuters Breakingviews).
Pro-business Not Same as Pro-market
0 TrackBacks
Listed below are links to blogs that reference this entry: Pro-business Not Same as Pro-market.
TrackBack URL for this entry: http://www.drjeffcornwall.com/cgi-bin/mt4/mt-tb.cgi/2264
Tax policy is often targeted at certain industries or interest groups. Pro-market may favor efficiency, but may not always provide fairness without adequate regulation.