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Same reason Citizendium succeeding would be a big win for what we do - it's not competition, it's expanding the pool of unencumbered knowledge.
If they allow multiple competing articles on a given subject, I'm not so sure that's a win for the reader. There's a Wikipedia fork called Wikinfo.org (run by Fred Bauder, a highly respected Wikipedian who's been on the site since it was called wikipedia.com) which also does this and has almost no traction. I think the Neutral Point Of View policy - as difficult as it is in practice - is our most important innovation, far more so than letting anyone edit the site. People don't come to an encyclopedia for ten articles, they come for one that provides an overview of the ten. That's what an encyclopedia is for - the ten-second or sixty-second or five-minute quick backgrounder. (I'm speaking here in terms of ideals of encyclopedia writing, and am painfully aware of how often we fail to reach it, but that is the compass we work to.)