{"id":9411,"date":"2014-03-08T17:14:30","date_gmt":"2014-03-08T22:14:30","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=9411"},"modified":"2014-03-08T17:14:30","modified_gmt":"2014-03-08T22:14:30","slug":"the-importance-of-competition","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/08\/the-importance-of-competition\/","title":{"rendered":"The importance of competition"},"content":{"rendered":"<p>Self-interest is held in check by competition. Without competition, capitalism leads to price-gouging and inferior goods and services.<\/p>\n<p>More at <a href=\"http:\/\/www.stlouisfed.org\/education_resources\/economic-lowdown-podcast-series\/the-role-of-self-interest-and-competition\/\" title=\"Federal Reserve of St Louis: The Role of Self-Interest and Competition in a Market Economy \u2013 The Economic Lowdown Podcast Series\" target=\"_blank\">St Louis Fed: The Role of Self-Interest and Competition in a Market Economy \u2013 The Economic Lowdown Podcast Series<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Self-interest is held in check by competition. Without competition, capitalism leads to price-gouging and inferior goods and services. More at St Louis Fed: The Role of Self-Interest and Competition in a Market Economy \u2013 The Economic Lowdown Podcast Series<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[592,768,1827,2752],"class_list":["post-9411","post","type-post","status-publish","format-standard","hentry","category-economy","tag-capitalism","tag-competition","tag-inferior-goods-and-services","tag-price-gouging"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The importance of competition - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The importance of competition - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Self-interest is held in check by competition. 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Price-gouging and provision of inferior quality goods and services are held in check by competition, but there are other aberrations against public morals, or not in the public interest, that require regulation. Historical examples would be\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2375,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/26\/the-scourge-of-government-debt-macrobusiness-com-au-macrobusiness-com-au\/","url_meta":{"origin":9411,"position":1},"title":"The scourge of government debt &#8211; macrobusiness.com.au","author":"ColinTwiggs","date":"November 26, 2011","format":false,"excerpt":"A report on a talk by Yanis Varoufakis, author of The Global Minotaur, gives some nice history of how we got here. 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