> Competition doesn't allocate resources, price discovery does that. And price discovery is the result of people competing for scarce resources. *scarce in th

> Competition doesn't allocate resources, price discovery does that. And price discovery is the result of people competing for scarce resources. *scarce in the sense that it isn’t free for everyone like air, there’s no price discovery before you turn on the air compressor in your garage to fill up your car tire.