Wednesday, May 5, 2021

Political Competition vs. Market Competition

A struggle to acquire the means of living has been called competition for a subsistence.

Political States are formed and competition in the form of war is waged between communities, possessing territory and subject peoples, against the hordes, still in a state of savagery and dependent upon the chase or pillage.

Progress, under the direct or indirect impulse of this second form of competition has engendered a third form-Productive or Industrial competition.

The dominion of such a State increases with its strength, and the security and liberty which it guarantees initiated and developed the third form of competition-Productive or Industrial competition.

Competition in the field of production, as in all others, benefits the species by affirming that: "The race is to the fleet, the battle to the strong." But if the rivalries of war and of peace lead to one goal, it is by very different roads.

The means by which competition of the destructive, or warlike, kind proceeds, are direct.

Productive or industrial competition acts upon the producer by stimulating his powers and capacities of production.
 

https://mises.org/wire/political-competition-vs-market-competition 

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