Is Competition the enemy of Capitalism?

We live in a world dominated by competition. And we are taught that competition is one of the main drivers of capitalism, which in turn is what helps us thrive and grow richer.

But is it?

Peter Thiel, in his book From Zero to One, argues that competition is far from being the good thing we’ve all been taught, but rather it has the potential to limit innovation. I tend to agree. In a world where any idea gets replicated thousands of times, we barely see new innovation at the rate we should actually see it.