The Metaphysics of Political Economy 3. The principle is the negation of itself. Its most certain result is to ruin those whom it drags in its train.
Emulation is nothing but competition itself.
M. Proudhon proves it by affirming it. We have seen that, for him, to affirm is to prove, just as to suppose is to deny. If the immediate object of the lover is the woman, the immediate object of industrial emulation is the product and not the profit. Competition is not industrial emulation, it is commercial emulation. In our time industrial emulation exists only in view of commerce.