Viewpoints
Opinion

The Meaning of Competition

The Meaning of Competition
Elon Musk, founder and CEO of SpaceX, is seen at the 68th International Astronautical Congress 2017 in Adelaide, Australia, on Sept. 29, 2017. Peter Parks/AFP/Getty Images
Jeffrey A. Tucker
|Updated:
0:00
Commentary

The idea of economic competition is a peculiar case: widely believed in, but rarely fully practiced. It is essential for a functioning economy. Any sector that is governed according to monopoly practices will stagnate. Sectors that are competitive drive economic growth and technological progress in ways that benefit everyone.

Jeffrey A. Tucker
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]
twitter