Don't pay attention; just the rantings of a crazy man.

An extension of my globalization piece:

Assuming that the planet achieves perfect economic competition, things will suddenly be very different. Perfect competition means that the price charged by a business is equal to the economic cost. Those involved in the business recieve the proper market-level compensation for their work. That is the limit of 'profit,' so consumers all receive products at lower prices. Minimal prices. All goods that are of the same quality will cost the same amount of money. And because profit will be limited to compensation for one's work, the world will be a more equal place. People in jobs that are at the moment considered to be low-paying will be making more. There won't be the immense disparity between classes that there is today. No more super-rich tycoons. Granted, there will be some difference--particularly due to talents and skills required to perform a given job--but people will generally be much happier with their lot in life.

And of course, society in general will be better off. Crime prevention will be far more efficient, as will be any other public programs--largely because the private sector not only will be able to pick up some of the slack in some of these areas, but will find it beneficial.

Maybe. It does all sound a bit too utopian, doesn't it? Is such a perfect world even possible? Maybe it means that a whole new set of problems will arise. Or maybe that's just when the universe will collapse in on itself and time will end. Or maybe I'm just nuts.