> Competition often foster innovation.

So does cooperation in any framework that values public good over pure obedience to an inherently-abusive late stage capitalism. I know that's passé in a world where the US government no longer believes in funding science, and yet.

Competition is also inherently wasteful. And if you're talking about wasting a few K or a few Mil here or there, fine, whatever. But here we're talking about waste on the order of trillions of dollars at the end of the day.