That a joint stock company should be able to carry on successfully any branch of foreign trade, when private adventurers can come into any sort of open and fair competition with them, seems contrary to all experience.
There is competition, but it is used in a good way. It is positive to want to go first, provided the intention is to pave the way for others, make their path more easy, help them, or show the way. Competition is negative when we wish to defeat others, to bring them down in order to lift ourselves up.