Mike Pence Thinks the “Free Market” Is Making You Poor

by | Dec 11, 2016

Mike Pence Thinks the “Free Market” Is Making You Poor

by | Dec 11, 2016

Vice President-elect Mike Pence has no idea what the term “free market” means, or at least, that is what his most recent statement would suggest. Defending President-elect Trump’s $7 million deal with Carrier, Pence recently stated, “the free market has been sorting it out and America’s been losing.”

While there have been some libertarian arguments made in defense of this new deal with Carrier, which will keep 1,000 jobs in the United States instead of moving them to Mexico, blaming the free market for a loss of American jobs is far-fetched, to say the least.

However, there is something even more disturbing about Pence’s belief that the free market has failed the American people: it shows a complete lack of understanding for what a free market really is. Surely, if Pence had a clear idea of what a free market economy actually entails, he would know that America, doesn’t actually have one.

While still faring better than many other nations, America has become somewhat of a beacon of crony capitalism. From corporate bailouts to giant subsidies given to American companies which do not actually need these handouts, the United States does not have a great track record when it comes to keeping the government, and taxpayer dollars, out of big business.

Read the rest at the Mises Institute.

Brittany Hunter

Brittany Hunter is an associate editor at FEE. Brittany studied political science at Utah Valley University with a minor in Constitutional studies.

View all posts

Our Books

Shop books published by the Libertarian Institute.

Podcasts

scotthortonshow logosq

coi banner sq2@0.5x

liberty weekly thumbnail

Don't Tread on Anyone Logo

313x0w (1)

313x0w (1)

313x0w (1)

Our Books

Recent Articles

Recent

TGIF: Trump and the Separation of Powers

TGIF: Trump and the Separation of Powers

The U.S. Court of Appeals' rejection last week of the Trump administration's global "emergency" tariff program was a welcome affirmation of the separation-of-powers doctrine. Next stop: the U.S. Supreme Court. I'm keeping my fingers crossed for a 9-0 ruling that Trump...

read more
No Peace in Ukraine? Blame the ‘Unsual’ Suspects

No Peace in Ukraine? Blame the ‘Unsual’ Suspects

While on the campaign trail, Donald Trump promised he could end the war in Ukraine within twenty-four hours of being elected and before he even arrives in office. Peace has proven more difficult. Blame has frequently shifted from Ukrainian President Volodymyr Zelensky...

read more

Pin It on Pinterest

Share This