competition is good

In a socialistic country like Argentina, the idea of competition takes on a different meaning. Businesses are always going to compete. As long as profit is there, there will be an entity competing for it. Often times, the playing field or the rules of the game are majorly stacked against everyone else. This often happens in Argentina, where it is very common to encounter an industry dominated by a monopolistic company or a few oligarchies. It hurts consumers. That has become apparently clear to me since living in Argentina. Consumers pay more of their income for products that aren´t reliable or services that are often faulty. By the way, most everyday consumers´ income isn´t increasing that much.

Socialism is fine. If that´s a country´s choice, there are some advantages to it. But what often happens is like what happens here in Argentina. The masses lose out to a smaller corrupt elite, and so no, not everything ends up being equal like it was originally intended. These disparities are worse in places likes Brazil and Russia. Socialism can be done well, but it still involves competition. Look at the Scandinavian countries. I think they have good examples of socialistic systems. The rules are clear for everyone, they´re enforced, and competition is encouraged. So a business or individual goes at it for a year in these countries, making the most they can, then when the whistle blows at the end of the game for the year, the businesses and individuals pay really large amounts of tax. Like 70%. But that goes to pay for all sorts of things, health care, education, municipal services, etc. But they have competition. And encourage it.

So whether it be a capitalistic or socialistic or monkeyistic society, competition is a necessary element to produce a more efficient outcome of what people are looking for. I know this is a random post, but just wanted to share these thoughts from my experiences here.