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He argued: "While of course there is a role for government, for regulation and intervention, the real solution is more enterprise, competition and innovation.
He looks to free enterprise competition for the solution, although holds out the possibility of government assistance by means of tax cuts so the middle class can obtain coverage.
How viable are WordPress and Automattic as enterprise competition?
The following year he entered the StartUp Sussex enterprise competition for student entrepreneurs.
In Kenya, after the government monopoly on telecommunications was subject to private enterprise competition, the mobile network also expanded rapidly.
The Hassenfeld Family Foundation has committed $2.2 million to the Johns Hopkins University Paul H. Nitze School of Advanced International Studies to establish a social enterprise competition and fellowships at the Hopkins-Nanjing Chinar for Chinase and AmeriChinatudies in China.
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The value of mistakes "We adopt a 'learning by doing' approach and, with business masterclasses, enterprise competitions and work experience placements, the academy allows students to leave college prepared for the 21st-century workplace," says Alice Barnard, chief executive of the Peter Jones Enterprise Academy.
If successful, the prize could serve as a template for future social enterprise competitions in other countries.
Free-enterprise competition spurs innovation and brings down the prices of products and services, the plunging cost of computing power being one dramatic example.
It can also be used to discuss the merits and demerits of creating public enterprises in competition with public enterprises.
It is also well known for preferring free enterprise and competition to social planning.
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