Quote by George Reisman

The truth is that economic competition is the very opposite of competition in the animal kingdom. It is not a competition in the grabbing off of scarce nature-given supplies, as it is in the animal kingdom. Rather, it is a competition in the positive creation of new and additional wealth.


The truth is that economic competition is the very opposite

Summary

This quote suggests that economic competition is fundamentally different from competition in the animal kingdom. Unlike animals, where competition revolves around securing limited resources, economic competition involves generating and expanding wealth. Rather than simply fighting over scarce natural provisions, human competitiveness is focused on innovation, productivity, and the creation of new economic value. This perspective emphasizes the unique nature of economic competition and the potential for it to lead to the growth and prosperity of individuals, societies, and economies.

By George Reisman
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