Opinion: ‘Common good capitalism’ is the nationalist right’s latest awful fad
“Common-good capitalism” is all the rage these days with national conservatives. But what exactly is it, you may ask? That’s a good question. As far as I can tell, it’s a lovely-sounding name for imposing one’s preferred economic and social policies on Americans while pretending to be “improving” capitalism.
The common good is, of course, a vague and subjective concept, the details of which are hard to pin down. Its advocates claim it’s an alternative form of conservative governance meant to promote things like tradition, workers’ dignity, religion, order and families, rather than the singular free-market focus of personal liberties and economic freedom. How exactly government policies will be used to mold capitalism into achieving these goals — many of which go further than economics — is unclear.
While I don’t dismiss some of their complaints about the underperformance of the economy — specifically the hardships suffered by some workers and families — common-good capitalists make the same mistakes as their counterparts on the left. They start by mistaking problems caused by government intervention for problems inherent in the free market. They end by offering up even more government interventions as supposed solutions.
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