John Stossel on Why Business's Desire for Profit Is a Good Thing


To get our money, businesses—if they can't look to the government for favors—need to give us what we want. Then they must make continuous improvements and do it better than the competition does. That competition is enough to protect consumers. But that's not intuitive. It's intuitive to assume that competition isn't really consumer protection and that experts must protect us, even if, writes John Stossel, they ultimately do more harm than good.