The role of government in business is to provide a framework of laws and regulations that ensure fair and ethical practices, protect consumers and workers, and promote economic growth. The government also provides support for businesses through tax incentives, loans, grants, and other forms of assistance. Additionally, the government can influence the economy through fiscal and monetary policy.
In my view, the role of government is to protect private property in all of its manifestations. Businessmen must be free to pursue their happiness (by drilling oil wells and constructing pipelines, for example). Government must furnish law courts where property disputes can be adjudicated and rights defended. Government has no business regulating or restricting business activity, or promoting economic growth through enacting protective tariff laws and subsidizing private firms in the name of promoting the “general welfare.”
The only way govrenment can promote the general welfare is by providing for the defense of the country and protecting everyone’s natural, individual rights.