Business and the status quo

Thomas Sowell's Basic Economics has been an interesting listen for me (in audiobook form). One of the fascinating points he made is that pro-business does not equal pro-free market. In fact, it is often just the opposite. A free market thrives on open competition, while existing businesses thrive on keeping competition out.

A more accurate statement is that pro-business means being in favor of the status quo, both in a positive and negative sense. In the positive, businesses can best provide services and earn profits when they know what the rules of the game are. In countries where the laws change with the whims of the current ruler, the risk to businesses is too great to make investments and generally conduct profitable business.

In the negative, the status quo protects current business at the expense of innovators who may be able to produce the same good or service at a lower cost or a better product at the same cost or some combination.

I have nothing to add to Sowell's view paraphrased here except to encourage us all to think about what people are saying and what it means. Is GM really for free trade and fair competition? Is libertarianism in the best interest of businesses? My assumptions have been challenged, and yours might be, too.