Words have meanings, which is why those who read newspapers and op-eds and listen to pundits must approach declarations and arguments with a dose of caveat emptor. The Left claims that the goal of the Right is “unfettered” capitalism, while smugly speaking of “progressive” capitalism. To be unfettered means to be totally free from restraint, to be unleashed. The definition of the word “progressive,” when used as an adjective refers to something that is changing gradually, that is progressing in stages. The adjectives may or may not accurately reflect the intent of the speaker or writer, so it is necessary to place the words in context. The Left is clever: “progressive” has a soft and approachable feel, while “unfettered” has a harsh and uncompromising tone.
Conservatives are not looking for an economy swaddled in anarchy. They believe in safety nets. They recognize that many regulations serve society well by protecting consumers from damaged or spoiled goods and from unscrupulous manufacturers and marketers. On the other hand, they also know that bureaucracies are self-perpetuating – that job security for a bureaucrat is building a bigger department, adding more rules and regulations. (The 2012 Federal Register added 78,961 pages to the 1.4 million pages that had been added over the previous twenty years! As of this April, the federal tax code comprised 74,608 pages!) The Right also knows that cronyism serves both politicians and favored industries, and that it does so without regard to competition and consumers. The Right is not asking for unfettered capitalism; they are asking for relief from regulation that stifles innovation, hinders competition and hampers economic growth.