Donald Trump, Enemy Of Free Markets

Nov 2008
62,928
4,838
Washington state
#41
Donald Trump is waging war on free markets in the energy sector. His brilliant plan, a perfect example of the kind of hare-brained centralized economic planning we used to see right out of the Kremlin in the 'glory' days of the sickly Soviet economy, is to force American consumers to pay higher energy prices, in order to subsidize and forcibly keep open, failing coal-fired power plants that would otherwise be going out of business:

Trump administration taking 'immediate steps' to try to stop closure of coal, nuclear power plants

Here is an interesting quote: "Unprecedented government intervention in the energy markets to support high-cost generation will hurt consumers by taking more money out of their pockets rather than letting them keep more of what they earn," said Todd Snitchler of the American Petroleum Institute, the top lobbying group of the oil and gas industry. [So it is not just the renewable energy industry that finds this kind of support for the failing coal industry to be stupid policy!]

Forcing American taxpayers to bailout uneconomical power plants is an assault on free market principles, if there ever was one!

The Wall Street Journal had a few more details in the Saturday edition. Malcolm Woolf oversees policy at Advanced Energy Economy, a trade group representing business consumers. He said: "The Administration's plan to federalize the electric power system is an exercise in crony capitalism taken solely for the benefit of a bankrupt power-plant owner and its coal supplier." Mr. Trump received millions of dollars in campaign contributions from coal company executives.


And, of course, with his even more consequential tariff policies, Donald Trump is on an even larger scale, an enemy of economic freedom more generally.
If he was the enemy of economic freedoms why is he trying to bring businesses back to America again? He’s trying to level the playing field with China and our trade deficit by getting them to buy a trillion dollars of our products. He wants fair economic freedoms that give jobs to the American people


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Jan 2016
52,496
48,848
Colorado
#42
If he was the enemy of economic freedoms why is he trying to bring businesses back to America again? He’s trying to level the playing field with China and our trade deficit by getting them to buy a trillion dollars of our products. He wants fair economic freedoms that give jobs to the American people
Sigh. Our trade deficit has gotten much WORSE under Donald Trump. It is higher under Trump than it EVER was during the Presidency of Obama. Moreover, it is Trump's POLICIES that are making the trade deficit worse!!

Tax Cut To Widen Trade Gap That Riles Trump
 
Jul 2013
38,949
25,021
On a happy trail
#43
Sigh. Our trade deficit has gotten much WORSE under Donald Trump. It is higher under Trump than it EVER was during the Presidency of Obama. Moreover, it is Trump's POLICIES that are making the trade deficit worse!!

Tax Cut To Widen Trade Gap That Riles Trump
Since when has your average business person been in favor of free markets for anyone other than themselves? Most seem to want markets to revolve around themselves and their own products or services .

"Free markets" seems to be just another myth the business class hides behind while trying to manipulate markets in their own favor and I see Trump as being no different other than he can now do it on an international scale with the stroke of a pen.
 
Likes: BigLeRoy
Jan 2016
52,496
48,848
Colorado
#44
Since when has your average business person been in favor of free markets for anyone other than themselves? Most seem to want markets to revolve around themselves and their own products or services .

"Free markets" seems to be just another myth the business class hides behind while trying to manipulate markets in their own favor and I see Trump as being no different other than he can now do it on an international scale with the stroke of a pen.
There is, of course, a great deal of truth in what you say. Businessmen almost universally extol the wonders and virtues of the free market, while they would secretly LOVE to be monopolists able to gouge their own consumers. And when they fall on hard times, they are perfectly happy to go to government, hat in hand, seeking a hand-out to help them out in their time of trouble. We saw plenty of THAT back in 2008.
 

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