Home
/
RELIGION & LIBERTY ONLINE
/
Republicans and conservatives are trading free markets for cronyism
Republicans and conservatives are trading free markets for cronyism
Jun 30, 2025 8:16 PM

“Don’t forget, this is called the Republican Party,” said Donald Trump in an interview justifying his opposition to free trade, “it’s not called the Conservative Party.” When Trump made that statement six months ago it was still possible to believe a distinction could be made between traditional Republicanism—which tends to be pro-Big Business—and traditional conservatism—which has generally been pro-free markets.

But a recent poll finds that both Republicans and conservatives are more skeptical of free markets than are liberals(!). The poll, taken by The Economist/YouGov, asked people to respond to vice-president elect Mike Pence’s bizarre statement that, “The free market has been sorting [the economy] out and America has been losing.” Both Republicans (57 percent) and conservatives (55 percent) were more likely to agree than were Democrats (33 percent) and liberals (31 percent).

My hope was that conservatives weren’t really listening to the question and just gave a knee-jerk response agreeing with Mike Pence, a former governor who used to be considered aconservative on economic issues.But my fear was confirmed when I saw the poll asked if the federal government should “imposing stiff tariffs or other taxes on panies that relocate jobs.” Once again, Republicans (73 percent) and conservatives (70 percent) were more likely to support this policy than were Democrats (49 percent) and liberals (46 percent).

The Republican part isn’t altogether surprising. After all, the GOP has had a significant protectionist strain since President William McKinley, who said in 1892, “Under free trade the trader is the master and the producer the slave.”McKinley’s successor, Theodore Roosevelt, also claimed that “pernicious indulgence in the doctrine of free trade seems inevitably to produce fatty degeneration of the moral fiber.” Republicans have a long history of protectionism that is a result of pro-cronyism and economic ignorance.

Many of us conservatives, though, thought the tide had turned after Reagan. We thought the GOP had finally realized that crony protectionist policies merely kept the working class poor while mainly benefitting politically connected corporations. Instead, it was the Democrat Party took up the free(r) trade banner. While the party didn’t fully embrace free markets at home, they realized what every economist knows: free trade benefits more people than protectionism.

In contrast, the GOP quietly slipped back into theCharles Erwin Wilson mindset. Wilson was thehead of General Motors when President Eisenhower selected him as Secretary of Defense in January 1953. At his Senate confirmation hearing, Wilson infamously said he could not conceive of any decision he could make asSecretary of Defense that would be adverse to the interests of General Motors, “because for years I thought what was good for our country was good for General Motors, and vice versa.”

That’s the type of fallacious thinking thatleads to cronyism, yet too many conservatives (and way too many Republicans) still think that what is good for business is what is good for America. What they should embrace instead is the ideathat what is good for consumers is good for Americans. We should, in other words, be pro-market rather than pro-business. And, contrary to what many people believe, the two are definitely notthe same.

Two years ago, in his column for National Review, Jonah Goldberg noted the difference between being pro-business and pro-market and says the GOP can’t have it both ways anymore:

Just to clarify, the difference between being pro-business and pro-market is categorical. A politician who is a “friend of business” is exactly that, a guy who does favors for his friends. A politician who is pro-market is a referee who will refuse to help protect his friends (or anyone else) petition unless petitors have broken the rules. The friend of business supports industry-specific or even business-specific loans, grants, tariffs, or tax breaks. The pro-market referee opposes special treatment for anyone.

Politically, the reason the lines get blurry in good times and bad is that in a boom, the economic pie is growing fast enough that the friend and petitor alike can prosper. In bad times, when politicians are desperate to get the economy going, no one in Washington wants to seem like an enemy of the “job creators.”

Goldberg is absolutely right about the difference being categorical. As economist Arnold Kling has helpfully outlined, support/opposition to markets and business gives us four categories:

Consider the following matrix:

Pro-Business Anti-Business
Pro-Market
Anti-Market

The point is that there really are four separate categories, not just the two pro’s and the two anti’s. On health care reform and bank regulation, I would argue that the Obama Administration is trying to be pro-business and anti-market. The wonks do not trust markets at all, and they think they can do a better job of regulating them. But they are more than willing to keep big business interests happy.

An important point is that well-established businesses do not trust markets either. The last thing that a well-established business wants to see is a free market. What it wants is a regulated market that petitors at bay. The people who benefit from free markets are small entrepreneurs and, above all, consumers.

Many people are initially surprised to find being pro-market does not mean being pro-business and being anti-market does not require being anti-business. The confusion likely resulted from a misunderstanding of the hybrid position embraced by many conservatives: “I’m pro-business until it conflicts with being pro-market” promise similar to the pro-market/anti-business position). Today, though, many conservatives seem to be adopting the mon to populists and pre-Reagan Republicans:“I’m pro-marketuntil it conflicts with being pro-business.”

This changeis significant and will have a detrimental effect on the well-being of Americans, especially on the poor and working classes. If we don’t find away to convince Republicans and conservatives to see the errors and evils of protectionism, we’re soon going to find the only thing we’ve “protected” ourselves from is economic growth and increased flourishing.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
A fortnight of anticipation: GBC 2008
GodblogCon 2008 is two weeks away. The Acton Institute is a proud sponsor of this event, held in conjunction with the BlogWorld & New Media Expo at the Las Vegas Convention Center, September 20-21. The conference will be a great opportunity to connect with bloggers and internet figures you’ve only read about or corresponded with in a virtual environment. You’ll also have the opportunity to attend valuable sessions and learn the basics of blogging, vcasting, and how social networks work....
Patent manipulation
As I’ve said before, some of the most interesting debates are those that break down along atypical lines: for example, by splitting dedicated limited government advocates rather than pitting them against statists. Back in 2001, the Journal of Markets & Morality conducted a controversy between two libertarian-leaning economists, Julio Cole and Paul Cleveland, concerning copyright and patent law. Last year, we published a Christian Social Thought Series volume on intellectual property rights by David Carey that e down squarely on...
Sarah Palin’s controversial prayer appeal?
The Associated Press has an article reporting on controversial statements made by Governor Sarah Palin at the Wasilla Assemby of God church in Wasilla, Alaska. Governor Palin makes an appeal for prayer about troops in Iraq declaring, “Our national leaders are sending them out on a task that is from God, that’s what we have to make sure that we’re praying for, that there is a plan and that plan is God’s plan.” She also made an appeal for students...
Birth of freedom shorts series
Today Acton Media released a new video short titled, “What is Freedom?” In this short, experts William B. Allen and Samuel Gregg discuss the nature and implications of true freedom. The clip is first in a series of shorts designed to supplement Acton Media’s latest documentary, The Birth of Freedom. Comprised of footage that didn’t make it into the documentary, these clips provide additional insight into key issues and as such, could be considered the film’s “extended scenes”. Acton Media...
Are there economic laws?
In the latest edition of an otherwise scholarly theological journal, a writer, who only ever writes about one subject, attacked the free market as usual. He wrote: “Neither can economics be satisfied with leaving human beings to the mercy of markets with their supposed ‘laws.’. . .” While there is certainly no space to take on his whole article, this part might just be the most serious error in it. This particular writer, and those trained in his school, which...
Birth of Freedom Shorts series: Judaism and human rights
The second in Acton Media’s series of shorts panying its latest documentary The Birth of Freedom, this new video asks the question, “How has Judaism contributed to human rights?” In the video, John Witte Jr. demonstrates how the teachings of Judaism significantly impacted the western understanding of human rights, contributing the foundations for concepts such as human dignity, due process, and covenantal agreements. Acton Media’s video shorts from The Birth of Freedom are designed to provide additional insight into key...
Baylor faith and economics conference
Coming next spring is a major academic event at the intersection of theology and economics, the 25th anniversary conference of the Association of Christian Economists. Hosted by Baylor University and organized by Journal of Markets & Morality advisory board member John Pisciotta, the conference promises to deliver many sessions of interest. Birth of mentator Rodney Stark and Acton Lecture Series speaker Arthur Brooks will be among those giving plenary addresses. Posted at present is the call for papers, and registration...
Salon.com and Augustine on kids
There’s a pretty entertaining piece on by Christopher Noxon, “Is my kid a jerk, or is he just 2?” There’s mild language, but the gist of the piece revolves around this observation: As much as it goes against the current mode of progressive, project-management-style parenting, I take it for granted that some kids are trouble right out of the gate. They’re the preschool gangsters and playground terrorists, flicking boogers and insults at those they’ve identified as too weak to fight...
CRC Sea to Sea tour conclusion
The ninth week of the CRC’s Sea to Sea bike tour has pleted. The ninth and final leg of the journey took the bikers from St. Catharines, Ontario, to Jersey City, a total distance of 430 miles. By the end of tour, the riders had covered 3881 miles. The “Shifting Gears” devotional contained a key biblical point in the day 57 entry. Reflecting on the separation from family members over the 9 weeks of the tour, hope was expressed that...
Sarah Palin and the cultural left
An interesting post over at First Things from Jonathan V. Last, who discusses why the left not just opposes, but hates Republican Vice-Presidential candidate Sarah Palin. He identifies four particular issues, all revolving around her family, that provoke the left. It’s difficult to pull a quote out of the post; it’s all very good. But here’s a small taste to get you interested: …there is the left’s long-standing concern about overpopulation, which has e a staple of modern environmentalism, beginning...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved