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What does “pro-business” imply? – Econlib

by Index Investing News
January 25, 2025
in Economy
Reading Time: 2 mins read
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Lengthy-time readers know that I consider that folks underrate the significance of procedural points. Too many individuals concentrate on “outcomes”, not the construction of decision-making.

To take a latest instance, take into account the case of TikTok. At first look, it might seem that I’ve the identical view as President Trump. The truth is, our views are radically totally different. AFAIK, Trump’s view may be described roughly as follows:  TikTok needs to be shut down when it’s in Trump’s curiosity to close it down, and needs to be allowed to function when it’s in Trump’s curiosity to let it function.

And right here’s my view: The federal government mustn’t arbitrarily shut down social media apps.

These appear to be radically totally different coverage views, not the identical view.

Contemplate the latest case of wind vitality regulation:

Given the excessive prices related to constructing a wind venture, and the probability of tariffs making that scenario worse, the uncertainty produced by a possible halt to permits can also be sufficient to trigger builders to drag the plug on initiatives – as a result of even when the order itself winds up tossed out in courtroom, that might take years. . . .

However the concept that you’ll have a pro-business administration making an attempt to cease personal corporations from taking economically applicable motion on personal land is simply so out of step with the position of presidency that we’re anticipating they’re going to make clear their intent.”

Trump’s govt order is so far-reaching as a result of wind initiatives often want federal permits and different authorizations, even when they’re sited on personal or state lands.

A generally cited federal nexus is endangered species. Opponents of wind vitality have lengthy criticized generators for being a possible menace to birds, however it’s the case that many wind initiatives are collocated inside or close to areas for uncommon chicken migration. Cultural heritage impacts can typically even be an issue.

At first look, it would appear to be President Trump’s view of regulation could be very totally different from President Biden’s view.  Trump likes coal and Biden likes wind vitality.  However from a procedural perspective, I see plenty of similarities.  Each presidents may very well be described as having the next view:

The development of recent vitality initiatives needs to be hampered by tariffs that enhance the price of building.  Moreover, any venture that the president doesn’t like needs to be tied up by expensive regulation involving issues like endangered species and cultural preservation.  

A very powerful ideological distinction in public coverage is just not which specific business is favored; moderately it’s whether or not authorities has any legit in position favoring one business over one other.



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