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"Far from a system of greed, capitalism depends on a golden rule of enterprise: The good fortune of others is also your own."

So... when competition puts your company out of business, that's a good thing?

It was beneficial to local grocers when their businesses were bankrupted after being undercut by Walmart?

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Yes, it gave them an impulse to find areas where they could do something that people judged valuable enough to part with their money. (e.g. learn how to design web pages and make bad flash animations ;)

It also did help people who buy groceries, including poor people.

But now the people who worked at the small town grocer are out of a job, so you are left with more poor people.

It's all good ... they can retrain in Ruby On Rails or Objective-C and become app entrepreneurs!

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