In sum, Nordstrom made a business decision not to do business with the president’s daughter because her clothing line was not selling well, and the president used his official position to attack the company for this decision.
.. The president’s tweet — posted on his personal account and then re-sent from his White House account — is an act of intimidation.
.. This is not the way free markets work, particularly in the United States. We fought a revolution in part against the mercantilism that prevailed in Britain, where the king and members of Parliament played favorites and people who wanted to ingratiate themselves with the government did business with companies in which powerful politicians had an interest (the South Sea Company and the East India Company were the two most notorious examples). Edmund Burke and Adam Smith railed against this type of corrupt relationship between business and government in Britain; similarly, the founders of our country did not want that type of abuse of power going on here.
The modern-day Tea Party movement arose in the aftermath of the Great Recession, a reaction to the perception that politicians were playing favorites in bailing out Wall Street banks and auto companies. The Republican Party for years has made a very strong case for an economy in which market actors make their own decisions free of government interference.