Why don’t some Utah Republicans have faith in the market to solve our problems, George Pyle asks

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George Pyle: 'Romney vs. Reyes would be an indicator of whether the GOP [is still the] business-friendly cosmopolitans it was going back to Dwight Eisenhower, or... the hive of xenophobic fascists that continues to model itself after Donald Trump.'

There is another big difference between the wing of the Republican Party represented by Romney and the one in which Reyes finds himself comfortable. Romney, like Republicans of old, still believes in the power of the free market to solve our problems. Reyes runs to a government agency when he thinks a private business is making a bad decision.

Apparently Reyes and company think the feds need to stop Vanguard from deciding which, if any, energy companies to invest in. That’s because Vanguard, to hear Reyes tell it, is controlled by woke hippies who might want to steer the corporations they buy stock in away from fossil fuels and toward renewable sources of energy.

It does not seem to have entered Reyes’ mind that Vanguard, like any big investor, really has only one goal, and that’s to make money on its investments. It makes perfect sense for a Wall Street fund or bank to decide that electric utilities, auto companies, oil producers, etc., etc., would be better investments if they blazed a trail away from dirty, finite sources of energy and got themselves in on the ground floor of the next wave of business innovation.

It is pure capitalism for Vanguard or BlackRock or Scrooge and Marley to decide to put money into electric cars, hydrogen power, batteries, wind and solar and other stuff that hasn’t been thought of yet.

 

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The free market will always win if we could just get democrats and the elites to stop their nonsensical policies and make-believe crises.

Jump in Sean!

In Utah it’s definitely the latter.

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