Trump-Pence: The Free Market Has Failed
The new official line of the incoming Trump-Pence administration is that the free market has failed, and we need their government-imposed solutions instead:
On Thursday, as he toured the factory floor here to take credit for saving roughly half of the 2,000 jobs Indiana stood to lose, Mr. Trump sent a message to other businesses as well that he intended to follow through on his pledges to impose stiff tariffs on imports from companies that move production overseas and ship their products back to the United States.
“This is the way it’s going to be,” Mr. Trump said in an interview with The New York Times. “Corporate America is going to have to understand that we have to take care of our workers also.”
. . . .
“I don’t want them moving out of the country without consequences,” Mr. Trump said, even if that means angering the free-market-oriented Republicans he beat in the primaries but will have to work with on Capitol Hill.
“The free market has been sorting it out and America’s been losing,” Mr. Pence added, as Mr. Trump interjected, “Every time, every time.”
What “free market” is that, Mr. Pence? The one that suffers under the crushing weight of federal regulation, with Obama setting records for the numbers of pages added to the Federal Register? The one that features some of the highest corporate tax rates in the world? That free market?