Competitive business cuts profits and kills innovation
Most of us are taught that in order for business to be fair and successful, there should always be competition. With competition, prices are regulated as companies fight for consumer business, and each company is always trying to imitate and outdo its competitors. This is why many startups seek to jump in on an existing market and get a cut of the profit, such as it is. While this may be good for consumer pockets in the short term, it is bad for business and the future as a whole.