Touch the Soil News #903 (Feature photo –- CCA SA 4.0 International)
Competition is not what it was 50 years ago. Over the past 50 years, literally trillions of dollars have been socked away in retirement and pension funds. In addition, ongoing concentrations of wealth have also sent trillions of dollars into investment venues.
Two large German grocers – ALDI and LIDL are discount grocers whose investors have an insatiable appetite for return on investment – just like their counterparts in other nations. In addition, competition amongst fast food enterprises is erupting in “dollar” menus.
The problem is that many investors in one company are materially same as the investors of a company that may be taken down. The likelihood of a “net” winner in the intense competition heating up is not as clear or assured as it was 50 years ago.
While news outlets like to talk about savings for consumers, they generally fail to report on the flip side of the competitive coin – the loss of jobs, wages and benefits inside the fighting competitors.
The overall message is not too complicated. In a world that is struggling to get ahead by competing against itself may – at some point in the future – have to consider the gains that might come from working together.