We can have a competitive marketplace if government will just get out of the way and stop erecting barriers to creating new businesses and new competitors for established companies.
If consumers are free to choose, any entrepreneur focused on serving customers can compete against even huge established corporations. Moreover, the market provides a way to reward the most innovative and customer-centered entrepreneurs.
Subsidies, government quotas, and regulations of workers won't make us richer or better off. Only private owners and entrepreneurs can determine the best way to use labor (and capital).
Last year, British entrepreneur Mike Watts made headlines when he opened England’s first private toll road in more than a hundred years. The road has now been closed, but its brief history provides a sad (and all-too-typical) example of...
