A great thing I learned about competition

[Dean]

Whats great about competition is that it allows for the perpetuation of competitive systems, primarily in that systems like capitalist media, public security and other such regimes simply don't bend to the pressure of moneyed interests.

Or that would be the case if capitalism wasn't based on the purchase and sale of goods via a common currency. :laugh:

The fact is that any competitive systems leads rise to greater methods of capital accrual (not necessarily production!) and therefore places some regimes in a position of power to define public media and policy.

How PG&E Plans To Screw The Golden State By Enshrining Its Corporate Energy Monopoly In the California Constitution - By Yasha Levine - The eXiled (http://exiledonline.com/how-pge-plans-to-screw-the-golden-state-by-enshrining-its-corporate-energy-monopoly-in-the-california-constitution/comment-page-1/#comment-22215) (nicely cited for all you propertarian skeptics)

Another explicit example as to how capitalism is directly contradictory to democracy. When for-profit regimes manage large portions of the economy (a necessary result of competitive economic activity) they then have the capital to purchase advocacy and consultation in the furtherance of their interests in the context of any relevant system.

Wealth accumulates because purchase and sale under a competitive system systems gives rise to disparate business models, which in turn multiply the disparity of earnings seen in said business models. Marketing, and other forms of (the below mentioned) market manipulation allow for further multiplication of this disparity.

In short, profit is aggregated and transformed into capital of all forms - public opinion, political weight, security backing - which will neither disappear under a "free" or "fair market" nor will it slow under a completely capitalized market.

The facts are simple: the most dangerous "artificial" changes to an economic trade are those created by one player in the trade, typically whichever player is in the position to purchase advocacy or otherwise purchase a manipulative act for the system.These changes always affect the outcome and standing of players in the system.

In short: exploitation. Which wont end under propertarian fantasies. Good luck in the mixed market!

[trivas7]

Whats great about competition is that it allows for the perpetuation of competitive systems, primarily in that systems like capitalist media, public security and other such regimes simply don't bend to the pressure of moneyed interests.

OTC, capitalist media, and all private institutions are subject to the marketplace and moneyed interests. That's why they are competitive. I'm not sure what you mean by "public security".

[Dean]

OTC, capitalist media, and all private institutions are subject to the marketplace and moneyed interests. That's why they are competitive. I'm not sure what you mean by "public security".

It is precisely their competition to receive more money which leads them to provide security, media coverage or regulatory / asset management favorable to their privileged consumers, thereby serving their interests particularly in the consumer's accrual of profits.

My first paragraph (which you quoted) was patently false, and that was the point. The fact that you singularly refuted that either means you agree with me (unlikely given your sentence structure) or you didn't understand my OP.


[edit] I would further add that you make an important point which I failed to explicitly address. I allude to it here:


In short, profit is aggregated and transformed into capital of all forms - public opinion, political weight, security backing...
But to explicitly define my point:

In the context of a capitalist/market economy, as a result of profit/graft incentive, government becomes little more than a market force in the context of any market economy. That is to say that responding to the interests of capital provide more consistent, more empowering incentives than responding to populism, which is inconsistent in its value, though consistent in its lack of incentivisation compared to moneyed interests, which have directly accumulated economic power (it is after all this difference which sets the two populations apart!).