Chicago economist Luigi Zingales on the distinction
between ‘Pro-Market’ policies and ‘Pro-Business’ policies
“A pro-business policy
favors existing companies at the expense of future generations. A pro-market
policy favors conditions that allow all businesses to thrive without any
favoritism. A pro-business policy defends domestic enterprises with favorable
rates and treatment. A pro-market policy opens the domestic market to
international competition because doing so would not only benefit consumers,
but would also benefit the companies themselves in the long term, which will
have to learn to be competitive on the market, rather than prosper thanks to
protection and state aid. A pro-business policy turns a blind eye (often two)
when companies pollute, evade, and defraud consumers. A pro-market policy seeks
to reduce the tax and regulatory burden, but ensures that laws are applied
equally to all.”
Technology, Automation and Politics - An interesting read:
Related:
Prominent economists debate the challenges facing the
incoming Trump administration - VIDEO
https://www.aeaweb.org/webcasts/2017/president.php