Competition promotes prosperity

Does competition promote growth and progress, or selfishness and inequality?

Competition promotes prosperity

Soviet Genocide and Mass Murder Yet, amazingly, there are actually consequences to freedom that are also important moral goods. When we compare what happens to an economy and society when people are free and democratic versus unfree, the results of freedom are often the very ends that some dictators try to fulfill by repressing freedom.

So stressing that freedom is a moral good is not erecting a firewall against any negative consequences, for the consequences are not only positive, but moral goods in themselves.

It is like eating fruit, which is tasty and filling, inherently good, but which also reduces the probability of getting cancer, a stroke, and a heart attack. One of freedom's desirable consequences is to promote unrivaled wealth and prosperity; it is an unbeatable engine of technological and economic growth.


As an example of how freedom can have this miraculous result, look at the life of William Bill Gates, who could not have created the computer software he did other than in a free society, and which software has contributed greatly to our prosperity.

Born into an upper middle-class family inGates' mother taught school and was a regent of the University of Washington, and his father was a prominent lawyer.

Gates went to public elementary school, then to the private Lakeside High School in Seattle, where he learned about computers and soon became fascinated by them.

By 13 years of age, he and his best friend, Paul Allen, were already programming computers, and spent as much of each day as they could on the school's main-frame computer--playing with it, causing it to crash, rewriting its programs, and writing new ones themselves. In those days, computer time was costly and had to be rationed; because of their excessive use of it, the school finally had to ban them from the computer for short periods.

Gates and Allen had become so good at using it, however, that a computer business, the Computer Center Corporation, hired them and two other hackers from the school to solve some problems with their computer, for which they were paid with unlimited computer time.

Now Gates and Allen could work on a computer day and night.

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This ideal life did not last, however, for in the company went out of business. Gates and Allen's next break was when Information Sciences hired them to program the company's payroll. This gave the two free computer time--probably more important to them than whatever money they made.

The company also paid them royalties for any of their programs it sold. Encouraged by all this, Gates and Allen made their own small computer for measuring traffic flow, and started a little company, Traf-O-Data, to sell it.

Competition and the Constitution | National Affairs

By now, though he was only a high school student, Gate's computer skills were becoming more widely recognized. His school asked him to program a scheduling system for them, and he and Allen wrote the program together. While they were seniors, the defense corporation TRW was having difficulty with bugs in its computer programs.

Impressed by what they heard about Gates and Allen's successes, company officials hired them to debug TRW programs. This was another big break for the two. This job not only helped them further refine their software writing skills, it started them thinking about setting up their own software company.

Inboth graduated from Lakeside. Because of Gates excellent grades, recommendations, and achievements, he was able to get into Harvard University, where he chose to study pre-law. After all, his father was a lawyer and there was no such field then as computer sciences.

However, he soon found Harvard's computer center, and all else was lost.

Competition promotes prosperity

He would work at night at the center and sleep in his classes.Competition Promotes Prosperity Competition in most cases is a good thing. Athletes often profit the most from competition because they are forced to give their all on every play. Chapter 4 Freedom Promotes Wealth and Prosperity * The more freedom a people have, the greater their health, wealth and prosperity; the less their freedom, the more their impoverishment, disease, and famines.

practices. Specifically, it accused Microsoft of making its Internet Explorer part of Windows 95, and thus stifling competition with. competition “could reduce freight costs by 25 – 50 percent” In Asia the importance of competition policy as a crucial component of a good business environment, and for stimulating further growth, was a key focus of the Asian Development.

Competition and the Constitution.


Christopher DeMuth Fall At the same time, competition promotes sociability, self-restraint, and service. It harnesses individual self-interest to the interests of others.

Competition was more than an end of the constitutional order — more than a source of liberty, equality, and prosperity.

Competition promotes prosperity

It. Competition in most cases is a good thing. Athletes often profit the most from competition because they are forced to give their all on every play.

Even a. The World Bank Group, in partnership with the Organisation for Economic Co-operation and Development (OECD), invites proposals for papers on the theme of promoting effective competition policies for shared prosperity and inclusive growth.

What Does the Bible Say About Competition?