Unproductive competition

I visited a shopping center in Kuala Lumpur. It had more than 100 stall selling mobilephones.

I visited a seafood market in Shanghai. It had more than 100 stalls selling seafood. The products are quite similar.

In both cases, there are more stall holders than customers.

This is unproductive competition. They need less than half the stall holders to serve the customers. Maybe, they do not have to work long hours.

We need a better way, rather than the "free market" to make better use of our resources. We should avoid unproductive competition that leads to a poorer quality of life for everyone.

In Europe, where business is more regulated (some people consider it to be Over-regulated), there is a better balance between work and leisure. People can afford to have a better standard of living and lead a better quality of life.

Maybe, there is something that we can learn from Europe?