The truth is that economic competition is the very opposite of competition in the animal kingdom. It is not a competition in the grabbing off of scarce nature-given supplies, as it is in the animal kingdom. Rather, it is a competition in the positive creation of new and additional wealth.
About this quote
- What does it mean?
- Economic competition creates new wealth instead of grabbing scarce resources.
- In plain terms
- People compete to create new wealth, not take limited goods.
- What can you take from it?
- Competition drives creation not theft.
Where it applies
Putting it to work
Questions to consider
- Does market growth create wealth?
Another view
It overlooks unequal access to resources.
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