In other words.. I'm sure that his view would be that low tax (fewer protections for the poorest, and poor public services, education, health care and housing), light regulation and 'flexible labour law' (i.e. low wages, precarious working conditions), are not good, either for the economy in aggregate, or the kind of society that we might want. One might argue that it's not really that good for innovation, aspiration or the kind of entrepreneurship one might want to encourage long term either.