Mises Daily
Author:
Theodore Phalan
Online Publish Date:
parallels between Rand’s fiction and today’s facts show us that the results of the policies and attitudes that helped create the recent economic catastrophe were then be dealt with by more forceful and ad hoc interventions. And just because a policy is created to achieve such ends as “social welfare” or a “public good” does services. But it is precisely this “dog-eat-dog” competition that forces firms to innovate and to provide new and better services in order to retain their customers.