Economic theory and experience tell us that competition weeds out inefficiency. Competitive markets select those who employ the most-efficient technology to produce the most-efficacious products. As a ...

The latest court ruling citing Google's monopoly power came at a time when Google is facing more competition than ever. Travel executives expressed wide-ranging opinions on the significance — or lack ...

Mexico has taken one more important step to breaking up the monopoly of Petroleos Mexicanos, or Pemex, the grossly inefficient government-owned producer and retailer of oil and gasoline. That’s good ...

Elon Musk attributes government inefficiency to a broken feedback loop and state-mandated monopolies, preventing them from going out of business despite poor service. This lack of competitive ...

Elon Musk criticized government programs for their inefficiency, citing a lack of competition and customer feedback. He argued that state-mandated monopolies prevent government services from improving ...