Linked by Kroc on Thu 30th Aug 2007 13:03 UTC
Editorial I hear often that when something new appears that "competition is good". The primary reasons competition is seen as good, are: it drives down prices; it gives consumers more choice; it pushes technology forward, quicker. Competition is not good because: competition is why consumers have to choose between HD-DVD and BluRay; competition is why DRM exists; and more. In this article, each of the supposed benefits of competition will be looked at in more detail.
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RE: Not again.....
by Soulbender on Fri 31st Aug 2007 07:06 UTC in reply to "Not again....."
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"The author of this article can always move to the utopian systems they have in Cuba or N Korea where competition is outlawed."

Why do people keep saying this? There's competition in Cuba, N Korea and pretty much everywhere else where people live. Do people seriously believe that there is only one restaurant, food market or construction company in these countries?
Competition is not an exclusive of capitalism.

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