Competition is good—but only when it encourages a “race to the top.” That’s true in business and among the states as well. Competition can encourage policy innovation. For example, Pennsylvania carefully (but reasonably) regulates hydraulic fracturing, and it is reaping the benefits as companies create jobs by safely extracting oil …
In a globally competitive world, competition is key. Fundamental for competition is the rule of law, according to Myron Brilliant, Senior Vice President for International Affairs of the U.S. Chamber of Commerce, who spoke at a recent Heritage Foundation event. In his remarks, which elaborated on a chapter he contributed …
China set a record with its investments around the world in 2012. And in the United States, China shattered its previous investment record. Before people start panicking, it’s important to know: This is not a bad thing. First, let’s put it in perspective. Chinese investment is still very, very small …
Medicare at Risk: Visualizing the Need for Reform from The Heritage Foundation Medicare is shaping up to be a deciding factor in the debate over our nation’s future. As Heritage’s Bob Moffit and Alyene Senger explain in a recent paper, “Why Traditional Medicare Must (and Will) Be Reformed,” the status …
In January, the Washington Taxicab Commission welcomed Uber, a smartphone-based car service, to the District with a sting operation. The charge: operating without a chauffer’s license. Uber won that fight, but its future in Washington remains uncertain. Uber lets users hail a limousine from their smartphones. A customer loads his …
Wal-Mart made headlines last week for launching same-day delivery service in direct competition with Amazon.com. This new retail rivalry between the big boys—brick-and-mortar versus virtual—provides yet more evidence that no company, no matter its size, is immune from competition. That’s a lesson federal antitrust prosecutors ought to heed. The “Wal-Mart …
The Kaiser Family Foundation just released a study that grossly misrepresents the premium-support model of Medicare reform and apparently misunderstands normal market dynamics and the differences between efficiency, choice, and higher premiums. The Kaiser study assumes that an entire class of Americans—senior citizens—is insensitive to price. In reality, seniors are …
Recent negotiations of the Trans-Pacific Partnership have sent representatives of government supported industries, like New Balance shoes, scrambling for political help to maintain their high tariffs. While an economic case can’t be made for keeping these tariffs in place, proponents are touching a much more emotional one: culture. New England …
