How did social darwinism help business?

Social Darwinism, which applied the concept of "survival of the fittest" to human societies, justified laissez-faire capitalism and minimal government intervention in the economy. It encouraged businesses to compete aggressively, as those who succeeded were seen as the most capable. This ideology often rationalized monopolistic practices and the exploitation of labor, as it positioned wealth and success as indicators of superiority. Ultimately, it fostered an environment where the strong could thrive unchecked, benefiting certain businesses at the expense of broader social welfare.