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Competition
All economic activity, regardless of who or what controls it, has competition within it, at
any level of activity conceivable
Competition is choosing among a number of possible course of action by individuals
driven by logic, math, randomness and emotion & faith, or force
Competition is random, and paradoxically leads to stability
If all individual's rights are exercisable, and all individual's obligations are met,
competition will lead to the best perceived outcome in the short term and best actual
outcome in the long term
The so-called black market, or underground economy, is individual's avoiding
interference by government in competitive economic activity
The more a government circumscribes competition in a given economic area the more a
few can gain monopolistic control, and the more the black market grows
Even a completely government controlled economic activity will require competition
All economic activity, regardless of who or what controls it, has competition within it, at
any level of activity conceivable
Competition is choosing among a number of possible course of action by individuals
driven by logic, math, randomness and emotion & faith, or force
Competition is random, and paradoxically leads to stability
If all individual's rights are exercisable, and all individual's obligations are met,
competition will lead to the best perceived outcome in the short term and best actual
outcome in the long term
The so-called black market, or underground economy, is individual's avoiding
interference by government in competitive economic activity
The more a government circumscribes competition in a given economic area the more a
few can gain monopolistic control, and the more the black market grows
Even a completely government controlled economic activity will require competition