CAMBRIDGE: A successful economy needs quite a bit of competition and flexibility. Yet attractive as they sound, competition and flexibility have their enemies. Competition means that a society has economic winners and losers, and everyone feels pressure to perform; flexibility means that the status quo is not written in stone. Indeed, the status quo can be thrown out the window at any time.
CAMBRIDGE: A successful economy needs quite a bit of competition and flexibility. Yet attractive as they sound, competition and flexibility have their enemies. Competition means that a society has economic winners and losers, and everyone feels pressure to perform; flexibility means that the status quo is not written in stone. Indeed, the status quo can be thrown out the window at any time.