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Keeping Business Honest

Daily Steve Wrote: May 23, 2012 10:53 AM
the single largest state or local environmental bond item in history up until that point, voter approved. It was in fact, a little over half the size of the federally approved cleanup funds for the entire country! So, prior to the fire even happening, environmentalists were already celebrating a victory.
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...