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.
Richard Rahn opens his latest column by asking this provocative question: “Would you prefer to live in a country that has a high degree of individual liberty but is not a democracy, or live in a democracy where individual liberties are curtailed? ”
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.