“Fuck over competitors” or “be more competitive”? Competition is an important feature of capitalism that has lead capitalist countries to the highest standards of living in the world.

[–] zbyte64@lemmy.blahaj.zone 4 points 2 years ago

What kind of competition though? Competing over how little I pay my workers might temporarily boost the standard of living in my own country if I offshore labor, but it seems to turn the standard of living into a ponzi scheme. Where one needs to continually find a cheaper source of labor to maintain the quality of life.