Now, I am in no liberty to answer this, so I will paraphrase what a local record company owner has said.
"Years ago, I used to watch competitors go down and celebrate. Now, they're dropping like flies, and we all need to fight to stay open"
Now, his situations pretty specific, but I think what he's saying is that without competition, you are left alone and vulnerable.Competition is healthy and necessary, so you shouldn't hate them. You should even help them if they're in trouble.