“On the Internet, there are an unlimited number of competitors. Anybody with a Flip camera is your competition. What makes it even worse is that YouTube is willing to subsidize the cost of your bandwidth. So anybody can create and distribute for free basically, but the real cost is marketing. And that's always the big cost - how do you stand out and what's the cost of standing out? And there's no limit to that cost.” RealBigsNumbersWillingInternetCostLimitsStandingCamerasCompetitionMarketingUnlimitedStanding OutCompetitorsYoutubeFlipBandwidth Author:Mark Cuban
“I call this the Fundamental Problem of Political Economy. How do we limit the power that idiots have over us? ... [Milton] Friedmans insight is that a market limits the power that others have over us; conversely, limiting the power that others have over us allows us to have markets. Friedman argued that no matter how wise the officials of government may be, market competition does a better job of protecting us from idiots.” MayDoeMatterProblemGovernmentJobsPoliticalEconomyWiseLimitsFundamentalsCompetitionInsightIdiotOfficialsBetter JobsMiltonPolitical Economy Author:Arnold Kling
“For most Olympic athletes‚ their training is their hardest challenge and where they push themselves to the limit. For Paralympians‚ training and competition is an escape from the hardships and struggles of their everyday life. That is the difference.” ChallengesDifferencesStruggleLimitsTrainingCompetitionEverydayAthleteHardestHardshipEveryday LifeOlympic Athlete Author:Giles Duley
“With less competition, corporations can use their power to raise prices, limit choice for consumers, cut wages for workers, crowd out start-ups and small businesses.” UseChoicesCuttingLimitsRaisesCompetitionWorkersCrowdsConsumersCorporationsWagesSmall Business Author:Hillary Clinton
“Intellectual-property rules are clearly necessary to spur innovation: if every invention could be stolen, or every new drug immediately copied, few people would invest in innovation. But too much protection can strangle competition and can limit what economists call 'incremental innovation' - innovations that build, in some way, on others.” PeopleIfsWayToo MuchDrugLimitsIntellectualInnovationCompetitionPropertyProtectionInventionEconomistStolenSpursIntellectual Property Author:James Surowiecki
“This law … defines the limits of competition in the community of life. You may compete to the full extent of your capabilities, but you may not hunt down your competitors or destroy their food or deny them access to food. In other words, you may compete but you may not wage war.” MayWarLawCommunityLimitsCompetitionDenyAccessCapabilityCompetitorsHunts Book:Ishmael: A Novel Source: Ishmael: A Novel