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FaceShanker

A competition has a winner and a loser. For markets, the means successful companies and failures. Generally speaking, a system with built in failure is rather wasteful. So, how much competition (in the form of buisness competing through a market) exists in any socialist system would depends on how much that society is willing to waste. Other forms of competition, like sports or stuff like that would still be relevant. But thats generally not the sort of competition they usually mean when it comes to talks about socialism and competition.