Considering the obvious effect negotiated discounts have on revenues and profits, you'd think they'd be subject to careful planning and vigilant oversight. Our research in the software industry, however, indicates otherwise. On a deal-by-deal basis, these discounts are given a lot of attention in the moment

The United States has done little to respond to China's industrial progress, relying on the power of free markets to prevail. But here's a provocative if sketchy argument that laissez-faire promotes the wrong kind of business for competing with China