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Topic: Does Money Need Competition To Flourish - page 4. (Read 621 times)

legendary
Activity: 2562
Merit: 1414
-snip

I think its more suitable to call it payment system instead of money in this context(?). We have gone through alot of it until we currently settle with fiat / paper money for convenience. Back it the day, people used barter system and then switched to gold and copper before we came to known about paper money so I wont be surprise if we use any type of digital payment for all transaction in the future ( not crypto just digital payment system using standard fiat )

regarding competition, back then all those automobile manufacturer literally have no competition at all because most of those giant brands have their fair share of market until Tesla come and screw the market with their electric car.
member
Activity: 140
Merit: 10
Money needs an investor for power, and an investor needs an opportunity for money. Therefore, competition increases the investor's money rather than increasing the power of money.
legendary
Activity: 2562
Merit: 1441
Charles Darwin is famous for his observation of "survival of the fittest" leading to a healthier eco system. Under his narrative organisms compete. Those best suited to thrive under existing conditions pass on their genes.

Could this type of darwinism be applied to finance and money. Is a competitive environment for currencies and assets under markets favorable to society.

If it is true that nature abhors a vacuum. Could aspects of finance and economies revolve around the opposite spectrum. Propping up vacuums due to an anti competitive slant whereby they seek to consolidate and monopolize markets to prevent any form of real competition from existing.

It is common for many today to accuse american tech giants like google as being monopolies which exist in a vacuum where perhaps no real competition exists. Might it be fair to say, that competition carries a potential to make monopolistic giants like microsoft and google better. Competition can produce incentive and necessity for self improvement. Which drives industry advancement and progress. Elevating standard of living. In the absence of such can humanity, business or anything truly thrive?

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Food for thought:

Quote
Conditions of degeneration in the organic world are approximately known. These conditions are often of two distinct kinds, deprivation of food, light, etc. so leading to imperfect nutrition and enervation; the other, a life of repose, with abundant supply of food and decreased exposure to the dangers of the environment. It is noteworthy that while the former only depresses, or at most distinguishes the specific type, the latter, through the disuse of the nervous and other structures etc. which such a simplification of life involves, brings about that far more insidious and through degeneration seen in the life history of myriads of parasites.

--Patrick Geddes
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