It's true that fear is a universal feeling... we all worry. Common fears include running out of money, losing a business, losing customers, losing jobs, not having enough food or skills, and what if someone else is running a better business?
This fear spreads from individuals to groups and eventually forms nations, countries, and corporations. Fear leads to monopolies.
Naturally, as the cost of living rises, fear increases, which amps up competition. Countries and companies start feeling the anxiety of not having enough. The overall fear of scarcity drives cooperation out and intensifies competition.
For instance, Facebook is definitely not keen on seeing another competitor emerge, and it wouldn’t be hard to create one if you have some computer skills. The same goes for the U.S. they really don’t want to see another dollar out there! Google isn’t looking for another version of itself either. Everyone wants to dominate the market, especially when the cost of living keeps climbing. Even the wealthy start feeling like they don’t have enough.
Take the dollar for example: if anyone poses a threat to it, the U.S. will go all out to eliminate that threat. They’ll use every means necessary, driven by the fear of losing power and wealth. Nobody wants that.
Fear Drives the World Economy and Sparks Competition
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cold5tor4geSenior Member
Posts: 349 · Reputation: 1415
#2Oct 7, 2019, 10:44 PM
Competition is part of human existence and just like politics we cant move away from thos realities of human existence, whatever habe political or economic power or even technology, it definitely will be under competitions and the leading figures in such sectors will definitely want to control and block other competitors from succeeding easily.
Without fear humans are nothing, it's fear that makes everyone to anticipate towards survival which leads to competition (what was supposed to be a healthy competition), competitions that drives the economya dn political structures.
Fear do lead to a lot of great discovery. Even bitcoin, I think it's the fear of centralized financial system that led Satoshi Nakamoto towards creation of bitcoin, a decentralised cryptocurrency that have changed many minds today about privacy and financial freedom.
Fear to stay poor breeds creativity that leads to greatness
Fear led to technological developments among diverse countries in protection of their territory against external aggression.
You just hit the nail on the head regarding the strong nature of power. While OP mentioned and focused on fear, I believe strongly that quest for dominance is what as the second driver, structures our international political landscape. If you take a good look at history, you will find out that it is hardly just about survival, it is mainly about the hierarchy.In human society being equal is seen as being vulnerable and this has created a certain cycle where "Dominance is a shield."
Nations do not want power to go by, but rather they want it all for themselves so large that no other nations or corporations can challenge them and this is one reason why we see trade wars today, even it is what led to arms race in the global society.
Now about the aspect of technology which you mentioned, there is now what can be known as TECHNOLOGY MONOPOLY. Technology is now the new frontier of this dominance, wether it is AI or Blockchain. The leading authorities are so obsessed with controlling the rails of the future economy to ensure that they remain at the top of the food chain.
In all of this, I think Bitcoin is the perfect and ultimate response to this quest for dominance because it is the first time in history which we now have a financial system that do not care about hierarchy or even the power hungry nature of man. It is a natural ground where everyone else is given the equal strength to try to be boss.
You speak of fear like it's some kind of woo wool stuff. It's something that's triggered by our emotions as Human.. everyone experience fear, fomo, fud and alot more.
Fear is like an instinct and it simply something that arise when we don't take a bold step or see something as way above our level.
What matters most is while you are being triggered by things that scare you, you should also focus on how to either eliminate them completely or simply avoid such things from happening(though I doubt).
Fear in a matter about that there's no safety anymore. Whilst, the safety of people is going to be sold and offered by these governments to their own people in different aspects.
As for monopoly, it's been there. We're known to that for so long because these big companies are just expanding and going with other industries that they can also dominate.
Competition you say? there's no more competition when all of these oligarchs have made pacts to each other and partnerships are inevitable.
Fear definitely plays a gigantic role in how the global economy works. Because the fear of losing money, jobs, power or relevance surely pushes people, companies and even countries to compete harder among each other. When the cost of living rises, that fear grows and cooperation drops. Everyone wants to protect their position, which is why big players try to dominate markets and block competitors. Fear may not be the only driver, but its definitely one of the strongest.
That's one perspective of looking at it. From another viewpoint, it might not necessarily be fear. Competition isn't necessarily driven by fear. If I want to offer services that are better than my rivals', it isn't necessarily because of fear. It might just be my competitive mindset that's working. And a competitive mindset isn't necessarily rooted in fear.
If a business or a company wants to excel in their specific field or market, that isn't necessarily born out of fear. It might just be the sheer drive to succeed, to reach excellence, and so on that's fueling everything.
its_cipherSenior Member
Posts: 190 · Reputation: 1319
#9Oct 8, 2019, 07:26 PM
Fear does not generate competition, but hostility. Competition is rivalry. Hostility is the desire to eliminate a threat. In extreme cases, it is expressed in arson and murder. It is because of the mixing of these two different things that the competition has acquired a negative color. The term "fair competition" has even appeared - that is, improving quality while lowering prices, etc.
usa wouldnt want that but it doesnt mean they can completely prevent that from happening. the best they can do is strengthen the dollar but they cant literally destroy anything that threatens the dollar. theyre not in a dictatorship.
Fear energies efforts,when you're scared of the unknown you make efforts to either activate or deactivate the possibility. In a group where everyone is striving to do better and seeing someone else putting so much efforts like it's visible that alone can pose a threats and fear in the individual but creating a room for competition that it's totally out of the picture. Because fear of can logically enable one to go into competition with another.
degen_nonceFull Member
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#12Oct 9, 2019, 03:55 AM
There is always competition in the line of business and whenever the sole person who is involved in that particular business is not strong enough and began to entertain fear, automatically they began to fall out of fate and began to doubt if they could likely make it. But whenever your fate are in tight and you believed on yourself that you would always scale through then you would be able to overcome fear. Fear is something that comes to weigh you and definitely bring down that person but when it comes and you tried to overcomes it then you would never witnessed that anymore and of course those who were successful today never entertained fear rather they do away fear from bringing them down.
I wouldn't necessarily put it that way, but you can see that there is always a predator and prey relationship throughout nature which does flow through to human psychology too.The big have always been able to bully the small, to varying degrees of success. That's why countries have gone to war in the past, because through a combination of technology and population size the leader has tried (sometimes successfully) to impose their will on other people. We see it happening in the business world too, one example being the endless buyouts and consolidation that happens in places like media or social networking sites, where one person can actually have so much influence on the news flow that they can make or break others. It can get dangerous and does need strong regulators to keep such companies, plus their owners, in check.
OP I don't think that, competition exists as a result of fear in anyway you want to look at it. The truth of the matter is that humans needs and wants are in unlimited and the ability to wanting to acquire more wealth is the basis upon which competition exists in society. This is why it's said that competition is part of the human nature. Trying to bring economic systems to fear is what I don't agree with and see the connection.
Life is ruin by competition, competition is what brings out the best in an individual and everyone a cooperate setting a company will not do well if they are not challenged by rival companies so competition rather play a good reason that create fear as you are trying to put it.
whale_chainFull Member
Posts: 88 · Reputation: 664
#15Oct 9, 2019, 02:48 PM
I won't call it fear I will rather call it caution. In life good and bad things are bound to happen so I feel one has to take precaution when going about their businesses. A backup plan is always the best alternative. Imagine leaving a life without thinking about the bad days and it eventually comes without one being prepared. So for me I don't think this has so much to do with fear even though most people still operate in the so called fear. I think this is more about taking responsibility of our lives, activities and ensuring we stay in the competition regardless of the ups and downs.
It's usually called "fear" because reality is that we are already at a very thin margin of error with our economy. Most of the world is either so poor that they want food let alone save some money, or they are just barely living and affording things.
What people do not realize is that 50%+ of the world can't save, so they can't invest, so they can't make any changes in their life and will stick there. So fear is that, if they do attempt anything new or change something then the result will be terrible and they fear that it would put them in a place where they would not even know where their next money comes from. That is not really a good situation to be in but without courage and risk taking, you will stay there.
But all those fears are valid. They are not just fear in vacuum for for the sake of it. If any of that should happen to an individual, then there is trouble with the first being losing meals, then shelter which define the very existence of everyone. For an organization, the fear is valid because it means if a company should fold, not only the name goes under, it means the families involved and the people they are connected with goes under. So even if there is no obvious competitor, one needs to continuously compete with you prior result because without that, you might be losing the battle you did not know you are part of. It will just happen then you realized that its already over. It has happened to individuals, companies and even countries who once held the world together and that is why it would not be unheard of that USA would threaten anyone who wants to do away with the dollars because that like the entirety of their power.
Such is how the world had been monopolized and polluted all over the sectors under authorities. Where there is power, there is tussles with high levels of competitions.
It all started from when our leaders refuses to leave power even after government is elapsed. Godfatherism became the authenticator to beat the opposition parties while Monopoly economy system suppresses other inventory from sailing through therefore every other brand or individual that have to standout among others competitors must be equiped with the necessities.
Wanting other currencies or not, the USA can not kill all other nations' fiat currencies and the US. Dollar is definitely not the only fiat currency globally.
Their government in the USA can not prevent appearance and growth of DeDollarization that has been happening especially with very bad attitute and treatments of Donald Trump President and the in-charged adminstration against its ally and many other nations globally. This approach from Trump only destroy the global position and role of the USA in stance of other nations including its allies.
It consequently affects the US. Dollar and boosts the De-Dollarization progress more seriously.
LoneRocketSenior Member
Posts: 363 · Reputation: 1840
#20Oct 14, 2019, 01:56 PM
I think you're right; fear and competition are the driving forces of the economy and are among the biggest factors that have led to human development in almost every field.
For example, the fear between the former Soviet Union and the United States of one surpassing the other led to competition in various fields, especially space and arms development. This resulted in astonishing advancements in space science and the invention of sophisticated weapons of mass destruction (which, unfortunately, represents significant scientific progress).
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