Katherine Whitehorn’s ramblings against competition as somehow juxtaposed against ‘action for the common good’ miss one other vital effect of competition, namely its tendency to incentivise frugal use of resources.

We hear all the time sundry collectivists urging the idea that capitalism and competition are uniquely wasteful of resources and environmentally destructive.

They tend not to mention the most ambitious attempt in human history to run a society via state-imposed socialistic ‘cooperation’ for the common good, and the remarkable environmental impact that had.

Because it is not easy regularly to bring about major cost-reduction strategies, businesses (and governments, and consumers) focus on making ‘marginal’ efficiency and other cost savings wherever they can be identified.

And the brilliance of competition is that it endlessly encourages this process through innovation.

Take shops.

You want to buy a new lawn-mower. In your town there are four shops selling them.

Once upon a time you would have had to telephone round to check the rival costs and availability of the model you wanted.

Now you can do much of that via the Internet.

But what if you could just type the make/model into your car computer which then guided you directly to the shop offering the best deal?

What if your car was transactive?

Come on, Katherine, tell us.

Would not smart kit like that created by competition itself give rise to wonderful new forms of cooperation – for the common good?