Free Market Fairness
Ben Domenech says that one way for conservatives to reframe their economic message before the 2014 midterms is to start using the phrase, “free market fairness.”
“Those on the right should be prepared to make the case that the warped relationship between Wall Street and Washington needs to be fixed, that socialized risks and privatized profits are fundamentally unfair, and that… equality-focused policy solutions, and those of the left, would hurt income mobility and systematically destroy wealth and growth,” he writes in the Wall Street Journal.
Free market fairness can be thought of as the alternative to crony capitalism. The latter can be defined as “government efforts to tilt markets in favor of preferred firms [to] reward political connections and lobbying money.” Troy’s recent article on eliminating the elite-driven Export-Import Bank is an excellent example of how conservatives can show they are serious about removing barriers to equal economic opportunities.
Adopting the free market fairness frame also strengthens the GOP’s insistence on a government dedicated to the rule of law. As Solyndra and other Recovery Act era abuses fade from memory, the rule of law critique has been increasingly focused on abuses of executive discretion like Deferred Action for illegal immigrants, Justice Department refusals to defend the Defense of Marriage Act and the growing litany of delays and waivers of ObamaCare. Refocusing on how crony capitalism picks winners and losers would bring the rule of law argument full circle.
Maintaining a fair playing field isn’t the same as giving one team extra points. The only way the American dream can remain open to everyone is if the people in charge of the rule book fairly to all participants.
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