Unless you are self-sufficient, you must trade your products for those of others to survive. An exchange economy was established for the efficient survival of humanity. Economic activity leads to wealth accumulation, so for wealth to exist, there must be a counterparty. This means you cannot thrive on your own. However, having many counterparties also means that some of them could compete with your business. Exchange becomes straightforward only through the establishment of a price, which acts as an indicator of competition. Trading at a high price could generate significant wealth, but competition can hinder success. In other words, I survive because of others, while my survival is also threatened by them. Business inherently involves competition. This is why any business plan must include a strategy that considers competition. - Joseph’s “just my thoughts”
Individuals who lack awareness of their own desires often seek those of others. In contrast, those who understand their own desires exhibit a degree of mental health, regardless of their honesty or dishonesty. Clearly, mentally healthy individuals do exist. Being around such a person provides me with a sense of security. In these times, reassurance is more crucial than ever. - Joseph’s “just my thoughts”