...our capitalistic political system favors corporations and the wealthy. Wealthy corporations lobby the government and donate to politicians in the hope to get favors in the form of legislation, tax loopholes, and other subsidies (government funding). Many call this “corporate welfare” (ibid.). For example, “[a]nnual taxpayer subsidies to agriculture alone run between $10 billion and $20 billion (and a total of $35 billion, if the higher prices consumers pay are included)” (138).
Some have estimated that there are around $85 billion worth of direct subsidy programs funded by the US government every year, the Federal Reserve recently gave out $9 trillion in “emergency loans” to powerful corporations, and banks have the right to spend money they don’t have due to our fractional reserve banking system.
Three, competition might not always be a good thing. There are “empirical studies establishing that in business environments there is frequently a negative correlation between performance and individual competitiveness” (ibid.). Sometimes cooperation is much more productive than competition. Additionally, rather than being motivated to attain external rewards (profits) or other external goals (defeating the competition), we are often more productive when we do what we enjoy or value for its own sake.
Moreover, cooperation is often more productive than competition.
h/t The Barefoot Bum