Let's not forget that heated, intense competition is what brought us the banking crisis. Competition between banks - to be the biggest, the most profitable - stoked the selling of inappropriate mortgages, PPI and interest rate manipulation. Competition between traders or between salespeople - many of whom are measured daily by their earnings, with some firms posting these numbers publicly - is precisely what drove otherwise good people to do bad things.
The headlines following this week's Budget understandably focused on pensions and savings, with significant proposals announced that will fundamentally change the way people save in the UK. It was hailed by many as the biggest pensions shake-up for a generation, and so it is not surprising that this was the focus of debate in the immediate aftermath.
It has long been a commonly held view that this generation, like the babyboomers before them, have never had it so good, with a higher take home salary and booming property market. However, it appears that the rising cost of living, increasing life expectancy and changes to the pension system have started to have an effect.
If ever there was a sign of the changing nature of British enterprise, it was the recent publication of the CBI's new 'Creative Nation' report. Here was the UK's premier business organisation, traditionally associated with manufacturing industry, throwing its considerable weight behind the far less tangible businesses of computer games, rock bands, books and movies.
With the first signs of economic recovery beginning to look like a reality, business leaders across the UK are entering a new phase of cautious optimism. Manufacturing revenues and employment figures are rising; advertising spend has bounced back to pre-recession levels. For the first time in a long time, there is light at the end of the tunnel.
The inward investment landscape gets more complicated and more competitive by the day. In the first 20 years of the WDA there were only a handful of locations that were actively seeking inward investment - today, virtually every town, county, city and country in the world has an inward investment agency.
The number of people at risk of poverty grows in Germany, although the number of employed has never before been so high, according to the results published this week by the Federal Statistical Office (Destatis). The study, which takes a snapshot of German society from numerous surveys, shows that in 2012 the country had 41.5 million people employed, the highest in its history. However, the total working volume was at 1991 levels.
The fact that Germany is not as strong as we believe means that the country may not be able to lift Europe out of its economic woe. If this is really the case, we are pinning our high hope on the wrong leader. It therefore makes a lot more sense for us to come up with new ways to solve the Eurozone crisis...
The 2013 EU-China Summit takes place on Thursday 21st November in Beijing on the 10th anniversary of the comprehensive strategic partnership between the two. This high level meeting is especially crucial for Europe, not least given that it is the first since the landmark Chinese leadership transition in March.