And this is why the left hates and vilifies the Koch brother so much — they are essentially the only moneyed interest which is resolutely pro-market instead of pro-business. Pro-business types love the government picking winners and losers, love regulations that keep competitors and even potential competitors out of the market, and thus can be co-opted to back the expansion of state power. The Koch brothers run their businesses like they were all start-ups, and as a result want a level playing-field with the government acting only as impartial referee. They also fund initiatives that offer non-state solutions to social problems the left uses as excuses to expand the power of government, making them even more maddening to the left.
Not just significant, but a huge distinction -- and trust you to be the one to suss it out and point it out to us.
Subtle but Yuuuuge .... Truth in advocacy, I am an ordoliberal myself, which is all about honest markets and plenty of honest cops to keep elbows out of scales.
To recover honest markets, we'd have to start by making the Fed go away. Goldman and Morgan Stanley have been enjoying the free use of the nation's Black Card since before the market melt of eight years ago, courtesy of "Helicopter Ben".
The Big Short shows us some of the stuff that was going on that the market melt should have corrected and discounted properly, but the Fed and Pres. Bush jumped in to forefend a global bankruptcy (of the biggest banks, true, but not all of them: some 8000 banks in the U.S. that had not been gorging on CMO's and CDS's were unaffected) by throwing a Niagara of public money (TARP) at the biggest banks. As an intended result of TARP, we never achieved genuine price discovery. So we never corrected the excesses of the previous 15 years.