BUSINESS

Paul Krugman: The Competition Myth

01/24/2011 01:51 pm ET | Updated May 25, 2011

Meet the new buzzword, same as the old buzzword. In advance of the State of the Union, President Obama has telegraphed his main theme: competitiveness. The President's Economic Recovery Advisory Board has been renamed the President's Council on Jobs and Competitiveness. And in his Saturday radio address, the president declared that "We can out-compete any other nation on Earth."

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