In response to:

Keeping Business Honest

Daily Steve Wrote: May 23, 2012 10:53 AM
Happy to oblige: In 1965, a local car dealership owner decided to do something about it, and kicked off the "Save Lake Erie" campaign, garnering over a million signatures for petitions. The movement was entirely Cleveland based - almost all the signatures collected from people from Sandusky to Painesville and south towards Akron, and largely focused on cleaning the Cuyahoga. Around this time major municipal figures started making a stink about it, like when the Cleveland city fire chief publicly declared the river a "fire hazard" and it became a talking point for then candidate for mayor Carl Stokes. In 1968, a municipal bond item to clean up the river was put up for a referendum and passed. The bond item was for $100 million dollars, the
Instinctively, we look for people's motives. We need to know whom we can trust and whom we can't. We're especially skeptical of business because we know business wants our money.

It took me too long to understand that 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...