If you ever stumble into a roomful of capitalists (this sounds like the start of a joke but it’s a frequent occurrence in the life of a Bloomberg Businessweek reporter), try asking why competition is such a big deal. Then settle in for a good, long sermon. About how it spurs innovation. Increases efficiency. Provides choice. Improves quality. Disciplines prices. And, ultimately, fuels economic growth. Without competition, a capitalist system struggles to function. Powerful companies that rule the market make out just fine. It’s their customers who suffer.
A centrist group of executives and business owners is now invoking these ...
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