Adherents to free market ideology tout how wonderful freedom of competition supposedly is, but is it really? What makes up competition in a capitalist society, and how what is its nature in a socialist society?
In simplest terms, competition is merely a struggle that takes place between owners of private property, who produce commodities, for the most profits. Therefore it is generally the struggle between capitalists, not the working class. However, this is not the wonderful feature of capitalist society that capitalists argue for. In actuality, competition arises due to the chaotic and contradictory nature of capitalism. It therefore illustrates economic laws of the system, and a sense, even the physics of it.
Competition forces the capitalists to increase production rates, increase savings, increase labor productivity, and so on and so forth. All of this leads to the inevitable loss of smaller businesses to the hands of behemoth corporations, thus creating more displaced working class people. In these regards, competition is merged with the concentration of capital and production in the hands of the ruling elite.
As capitalism evolved over time, it began to become more contrary to its own conceptions of freedom. The free competition of the nineteenth century resulted in a concentration of capital in such a manner that monopoly capitalism was eventually able to destroy the free enterprise system. Monopolies that arose at the time still did not managed to overcome competition, let alone the chaotic nature of capitalism, contrary to the claims made by many mainstream politicians. Instead, competition took varied forms, often crueler and more destructive. All of this left the working class as the victims.
Monopolies themselves would compete with one another for profits, even within their own industries. Although some capitalists argue monopolies are contrary to true capitalism, they miss the point that it is not the defining feature of capitalism anyway, but instead private property is; which leads to such issues as monopolization.
The modern monopolization, and consequently, modern competition among world capitalist powers, is now more focused on gaining domination of oversea markets, as an act of imperialism. The fight for raw materials, spheres of influence, the division of the worlds borders, all are the products of capitalist competition, and thus competition is a bourgeois struggle for world control.
And speaking of the bourgeoisie, it is their ridiculous propagandists who whine incessantly of the importance of competition in a free society. They claim without competition that progress cannot develop, and no incentives to work will occur. But in actuality, the nature of competition as it currently stands, within the framework of monopoly capitalism, merely suppresses initiatives. If private property were to be abolished, and common ownership of the means of production were to occur in a socialistic society, competition would be replaced by socialist emulation. Surely, cooperation and mutual aid is more valuable than competition, no matter how one looks at it. Furthermore, the competition within capitalist society is rather fake; people striving to climb to the top of some abstract ladder in a desperate attempt to feel as though they have accomplished something of relevance, but what they are accomplishing is generally only what their bosses want of them. Such a degenerate system needs to be abolished, as Marxism understands perfectly well.