Competition is hugely important… It keeps everyone honest. If my prices are too high or quality too low, customers just choose another provider.
Without competition, laziness / complacency / corruption always set in. This is the downfall with both socialism and with our patent system… There is no motivation to work harder or reduce prices.
As I have grown to understand human built systems better, I have discovered that it is very difficult to build a system that is resistant to corruption. Most businesses and governments are rife with corruption. It is rare to have a government or business that doesn’t struggle with this.
You can see it happened at a high level in China where a strong leader has been able to subvert the socialist systems set in place and turn it into a dictatorship.… read more “Corruption is Rampant Everywhere”
In another idiot move that will damage the economy, workers are being arrested and deported. No one else will do these jobs.
Can you guess who is who?