Most people intuitively understand that wealth is created by private businesses competing for customers — not by the government. Could a presidential candidate win in 2008 by demonstrating a genuine commitment to competition and consumer choice?
That candidate could explain how economic progress is the result of firms responding to or creating new customer needs by combining resources and talent in innovative ways. The companies that do this best have figured out how to adapt to the global competitive environment. The long-term track records of companies provide ample evidence that customers, employees, and shareholders alike have mutual, long-term interests. And those interests are served by continually redirecting resources to their best use.