Despite government paternalism, competition is the norm in most industries. To thrive in the marketplace, products must continually improve. Faster, better, cheaper or simply more beautiful is the marketplace's mantra. Most recently, economic growth has been led by the technology and information sectors fueled by venture capital. The venture capital market is a microcosm of the competitive nature of the system with its risks and rewards.
Entrepreneurs compete with each other to get access to capital.
Investors compete with each other to get at the best deals. When deals are struck and products or services emerge, investors and entrepreneurs are allowed to get filthy rich or lose all their money. Our venture capital market has no equal anywhere in the world. That market, and the stock market at the end of the start-up pipeline, creates a dream machine. America is the place of the possible, the place where class and background can still be dwarfed by a great idea and hours of hard work.