Take competition； I found that competition was supposed to be a menace and that a good manager circumvented his competitors by getting a monopoly through artificial means. The idea was that there were only a certain number of people who could buy and that it was necessary to get their trade ahead of someone else.
Some will remember that later many of the automobile manufacturers entered into an association under the Selden Patent just so that it might be legally possible to control the price and the output of automobiles. They had the same idea that so many trades unions have—the ridiculous notion that more profit can be had doing less work than more. The plan， I believe， is a very antiquated one. I could not see then and am still unable to see that there is not always enough for the man who does his work； time spent in fighting competition is wasted； it had better be spent in doing the work.