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America's Fear of Competition

Economist's View found this 1/24/2009 on tbm.thebigmoney.com

Although everybody claims to love the market, nobody  really  likes the rough-and-tumble of competition that produces the essential "creative destruction" of capitalism. At bottom, this abhorrence of competition and change are the common theme that binds together the near death of the American car industry, the collapse of the credit market, the implosion of the housing market, the SEC's disastrous negligence, the Madoff Ponzi scheme, and the other economic catastrophes of recent months.  ...