No, this is Capitalism and our culture. There were and still are societies where there is very little competition between individuals or even where the concept of "competition" is unknown.
This works with small communuties living naturally, like tribes in South America. But I think with technological advancement and a cultural shift towards are more social and less individualistic society this could also work on greater scales.
The other guy said it perfectly:
It really isn't more complicated than that. Any explaination why this person is not allowed to sleep in this bed or why this person should not be able to sleep in this bed is absolute bullshit.