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Competition

Competition is another word with negative connotations, when really it is just referring to multi-party bargaining. The negativity tends to resolve around information deception, where parties are untruthful about their true motivations, or even worse capabilities.


In a formalized organization of finite size these issues tend not to exist, otherwise the organization would disintegrate. A free marketplace also has no room for this kind of disinformation, as the contracts being exchanged are commoditized so that the buyer and seller do not directly interact.


Clearly both of these markets already exist in nature, but so do others that are less desirable. The author contends this is a failure of the structure of the marketplace and not of nature.



“…the effort of two or more parties acting independently to secure the business of a third party by offering the most favorable terms” – Adam Smith, Wealth of Nations”

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