Friday, 10 February 2023
Why is there more prosperity in market economies than in any other economic system? Because competition for products and services constantly forces companies to improve. The better is the enemy of the good.
Why do democracies create better forms of society than any other political system? For the same reason. Because in democracies, there is competition for the best political ideas. Those parties and politicians with the most convincing offers are elected.
On Sunday, there will be (again) elections in Berlin. For weeks I've been passing torn-off election posters on my morning jogging route. I wonder if those who do this are aware that they despise democracy since they are impeding its core, political competition.
The Strolling Economist