Capitalism and an “Equal Playing Field”

Equality under free-competition means “equal protection and respect for rights.”

Competition does not mean one will have “equal ability” (just like the right to life does not mean you will live as long or as prosperously as your neighbor). Like in a tennis match, where both competitors play by the same rules, it does not mean that both players will be of “equal ability.” Unlike golf, better players are not “handicapped” against lesser players.

When a company uses its property in a way that does not benefit its competitors, it is not anti-competitive. Competition does not mean that ones do things to promote one’s competitors, but that one does things to improve one’s position — if necessary, at the expense of one’s rival’s market share. The only condition is that one’s actions are never at the expense of violating anyone’s rights.

Equality under free-competition means the “equal protection and respect for rights.”

Capitalism FAQ

Intellectually “chew” the ideas brought up in the tour by exploring the Capitalism FAQ (Frequently Asked Questions).

 

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