The Power Of Competition

Survival is a powerful motivator. When you have to work hard and fast to survive, you find a way. In-plants don't face this competitive struggle because their only customer is the parent company. The in-plant doesn't go hunting for work.

When the Berlin Wall came down, we saw communism for what it really was. East Germans lived in poverty. Factories were inefficient. New cars made in communist plants rattled and smoked—and they were so expensive people had to save for 20 years to buy one. That is the result of an entire economy run without competition.