Competition is working when products and companies are changing with customers and no obstacles to the process are being imposed from the outside.
A chess match is a useful analogy. The competition is like the opening and middle games, in which players are trying to get to favorable board positions and making necessary sacrifices along the way. An imposed obstacle to competition would be like an outsider, during the game, removing pieces from the board or making some board positions illegal, which would be like governments imposing regulations that advantage some businesses over others.
James Pethokoukis is not impressed by Oren Cass’s new book. A slice:
Although praised by several high-profile conservative wonks and writers, the only thing The Once and Future Worker really demonstrates is that it’s devilishly difficult to make sense out of nonsense. And trying to do so forces one to embrace the absurd.
Michael Strain – also who is unimpressed by Oren Cass’s work – sings the praises of economic growth.
Craig Eyermann argues that ethanol subsidies harm the environment.
Craig Newmark welcomes us to the golden age of grocery shopping.
Mark Perry identifies yet another way that Trump’s tariffs harm Americans.
