alt Hacker News"Competition is universally good" is what has decimated American manufacturing since Reagan. It's hollowed out the US middle class, which affects what the country can build, purchasing power, and innovation. Free trade policies have destroyed cities, eliminated millions of well-paying jobs, cut social services, and ripped the social fabric from communities. There were no alternatives to just "take a job at a better company"; most manufacturing jobs that left had no alternatives.
It was cynically selfish and short-sighted. The US from 1980–2020 is a perfect example of how much more complex systems, economies, worker dynamics, and second/third/nth order effects are.
Just to add to that "Competition" is no longer even a thing when the unchecked capitalistic game is played to the extent we are at, with extreme consolidation and duo/triopoly cartels running most services and playing all the dirty tricks in the bag (regulatory capture, rent extraction, lobbying for deregulation and weakening of labour and environmental norms, ...)
Competition is generally good for the consumer, but Americans need to wake up to the fact that it's not built into the system, it's to be regulated into it, and competing is only good so far as it doesn't turn into a race to the bottom (which again, is a matter of a regulator setting the bar).