The unrestricted competition so commonly advocated does not leave us the survival of the fittest. The unscrupulous succeed best in accumulating wealth.
About this quote
- What does it mean?
- Hayes argues that unchecked competition often lets the unethical win wealth rather than the truly deserving.
- In plain terms
- Unlimited competition does not mean the best people win; often the unethical do.
- What can you take from it?
- Competition without rules favors the unscrupulous over the deserving.
Where it applies
Putting it to work
Questions to consider
- Should competition be regulated to ensure fairness?
- Does wealth equal merit?
Another view
Some argue that market forces naturally correct unethical behavior over time.
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