Linked by Dmitrij D. Czarkoff on Fri 31st Aug 2007 08:54 UTC
Editorial This article is an answer to "Competition Is Not Good" by Kroc and reading it wouldn't be comfortable without switching to and from the original article. I wrote it just because I do strongly disagree with Kroc and I believe I can prove that he is not as close to truth as it may seem from the first glance.
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Very interesting points
by alexandru_lz on Fri 31st Aug 2007 09:45 UTC
alexandru_lz
Member since:
2007-02-11

Congratulations on a very interesting article. Somehow, I had grasped a few of these points, but only intuitively, not from an economic point of view.

In fact, I assume this is where many of our misconceptions regarding competition come from. When we grasp the concepts intuitively, without any analytical base, we do have the tendency to ignore those points which aren't obvious. In my case (also having lived in an ex-communist country -- not USSR, but about 400 km from it :-D), Kroc's points seemed out of this world. I've seen what the lack of competition can do to an economy, a society and several important industry fields, and I don't want to see it again.

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