Competition is a foundational pillar of modern capitalism.
The idea is that if we have companies that compete for the business of a limited number of clientele, they will innovate to lower cost and improve quality while also putting extra effort into service.
In this ideal, the consumer is better off with lower costs, better products, and better service while a Darwinesque natural selection weeds out inferior companies and rewards better ones.
This is the theory that drives capitalism, and we see it play out in many places.
As always, however, there is another story to be told when we consider alternative perspectives.
This is not to say that one perspective is right and the other wrong, but rather that we cannot see the entire mosaic from a single perspective.
For the next few days I will be exploring different hidden prices we pay as a society for the competitive nature of our economy.
I hope you get offended and that you find a new perspective to consider.
In my next post I will be looking specifically at the hidden impact of cheap labour.