Can coordinated politics help economies?

Can coordinated politics help economies?

Willem Verhagen, economist at ING Investment Management, explains why low growth or stagnant economies, such as the eurozone, need both monetary and structural reform in order to get back on track

Competition is one of the central features of capitalism and you do not have to be an economist to see why it may entail significant benefits for society. In many walks of life (sport and music, for example) the urge to be better than others can produce beautiful results, which are enjoyed by many. In economics, private sector competition has proven to be essential for generating a sustained upward trend in living standards through advances in knowledge and technology. Competition Nevertheless, too much of a good thing can be bad. If competition does not take place within some well...