Competition is good. If someone can genuinely find away to accomplish a job with the same quality but spend less money doing it, that's wonderful! ........
I'm not anti-competition. I'm against the guys who claim to be 'in business' who really have not the first clue about what that means. As far good ol' Henry, he did far more than
just make cars. He attempted to control
every aspect of the car manufacturing business. He bought up steel mills to make his own steel. He also bought the mines that dug up the raw materials. He purchased railroads that were used to transport these materials. Whatever went into making a Ford, Henry wanted 100% control of it.
Sorry, I'm with you, I guess I didn't say it clearly. In other words, I was saying exactly what you were, people THINK they understand how competition works and how some are able to charge less than others but still remain in business, but they really don't. Competition works when people figure out better ways to do things. Not when people just charge less and think they can just shirk costs that the others seem to need.
It's kind of like the 'It's not the camera it's the photographer' addage that is used by so many to justify professional photography without the serious equipment investment that is needed. If that was true, no self-respecting business person who spend tens of thousands of dollars on equipment, if they could simply get away with a rebel, kit lens, and the pop-up flash. It would be a complete waste of money. It takes talent, it takes knowledge, AND it takes the right tools for the job.
One of my relatives is a superintendent for a construction company that hires workers who have to provide their own tools. (I don't know if that's typical or not, don't know anything about the construction field!) The new guys always come in with the cheap tools, and scoff at the old dogs with their high dollar tools that 'do the exact same thing'. They figure it out when they bang out a cheap hammer all day long and are sore, and it eventually breaks anyway, and the dumb-ol-dog who spent too much is whacking one-swing to one-nail with a perfectly weighted and balanced hammer, it finally clicks! But you can't tell anyone that until they experience it... I'm sure the same is true in the world of professional photography. You might have taken some GREAT shots with your camera, but what about when you HAVE to take a shot for a client, and the conditions aren't right for your gear?