Title: Freedom of Competition | Capitalism.org
Headings: Freedom of Competition
Freedom of Competition
Content: Free-market competition presupposes a social system based on individual rights. Free-competition without individual rights is a contradiction in terms; it is an oxymoron. Of course, if one is a communist, fascist or socialist (all are different forms of a single evil principle: collectivism) and does not believe in individual rights then competition has an entirely different meaning. ***
All social systems have competition; the difference is that under capitalism, competition for economic power results in the creation and trading of wealth, whereas in collectivist societies, competition for political power results in the plunder and destruction of wealth. Under capitalism, competition is an economic process where men do not compete to forcibly put down others, but to raise their self-up by creating values which are potentially unlimited. Under all collectivist systems competition is a political process where men compete not to create values but to maneuver themselves into a position to plunder and mooch the wealth of others.