Market Competition Quotes

“Marx and Engels, in their giddy enthusiasm for the industrial revolutions of their day, [...] were wrong to predict that market competition would compel factory owners to-go on with mechanization anyway. If it didn't happen, it can only be because market competition is not, in fact, as essential to the nature of capitalism as they had assumed. If nothing else, the current form of capitalism, where much of the competition seems to take the form of internal marketing within the bureaucratic structures of large semi-monopolistic enterprises, would presumably have come as a complete surprise to them.”
― David Graeber, The Utopia of Rules: On Technology, Stupidity, and the Secret Joys of Bureaucracy