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For Theo Vermaelen of INSEAD business school, "The government is a bad stockpicker, or a bad manager who can't earn competitive returns on capital, especially in a world of global competition".
And it is not likely to be forthcoming without competitive returns.
"We have competitive returns because our screening identifies high-quality, well-managed companies".
But that doesn't stop market strategists from trying to rake in competitive returns with low risk.
Most development needs to be viable, but in practice it will be crucial how competitive returns comes to be defined.
To be an attractive investment category, venture capital needs to offer competitive returns to alternatives on a risk-adjusted basis.
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But its unwillingness to allow a competitive return put investors off, and the auctions were delayed.
However, in the end, a given strategy must deliver a competitive return on shareholder investment.
David Moyes will make his first competitive return to Old Trafford on Boxing Day reflecting on what might have been.
About two thirds of the executives admitted that their typical behavior is competitive: return the aggression and argue to win.
The outside investors would expect a competitive return on their money, so many of the completed projects would have to charge fees, taxes or tolls.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com