Competition in economics is the incentive that has brought the majority of westerners from <$1/day to what we are today - with washing machines, cars, and water

Competition in economics is the incentive that has brought the majority of westerners from <$1/day to what we are today - with washing machines, cars, and water toilets no king could previously dream of. Companies compete for shareholders by satisfying as many customers as possible. If states can compete for the best deal for international business, companies can better serve people, and those states can house centres of international trade. It’s not just abstract talk, but incentives that drive us to live different everyday lives than people in guild-economy medieval times, or past slave economies, or how people lived in the GDR or other eastern bloc countries.