Video: The Difference between Free Markets and Pro-Business Policies

Free markets or laissez faire capitalism has frequently been mistaken as being "pro-business"

In the following video from LearnLiberty.org, Professor Steve Horwitz explains their differences (thanks to Learn Liberty's Tim Hedberg for sending the video)

The following digest from LearnLiberty.org

In this video, Professor Steve Horwitz advocates for free market economic policy. He refutes the often recited claim that "What is good for General Motors is good for America" by explaining that pro-business legislation encourages behavior that is not beneficial to society or the business itself. He suggests that, in a free market, factors such as profit and competition encourage behavior that ultimately benefits society. Professor Horwitz illustrates that pro-business legislation restricts progress and therefore caters to the interests of industry rather than to consumers, whereas "supporters of free markets are ultimately pro-human and pro-people because it is through markets that we get the most innovation and we get the most goods and the cheapest prices."