Just the opposite, say business groups and Romney. Government impedes investment. Hostility and policy uncertainties — about taxes, spending, deficits, regulations — deter decisions. A report from the Business Roundtable, a group of corporate CEOs, argued that costly and time-consuming permit requirements by different agencies delay or doom many projects. The process needs overhauling, the report said.
American capitalism is on trial. When Americans vote in November, they will unavoidably choose between these competing visions of capitalism. One would try to improve capitalism by controlling it more. The other would aim for faster economic growth by removing government obstacles. It's a fateful debate.
Robert J. Samuelson is a Washington Post columnist.
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