When I play golf, I play with my partner for a dime per hole. Why? In the hope of having an additional income to supplement my retirement pay? To give me it to the church in gratitude for winning? To save it for a rainy day?
You know the answer. I play for a dime to win. “But you can still win without betting,” you may say. Yes, I can still win without betting. But I bet because the competition brings the best out of me. And if I win, I am happy. If I lose, I don’t cry as long as I feel that I gave my best. Also I congratulate the one who beat me because he did better than I did.
That’s the beauty of competition. Competition helps us to bring out the best in us. It helps us to do our best in what we do. Olympic is a supreme example where the best in one country completes with bests from other countries.
Free market succeeds because it encourages competition while government controlled market fails because it discourage competition and encourages cronyism. School grades are important because they help us to compete within ourselves – laziness versus dilligence within us – to get good grades.