Glitz Pageants, Am I Missing Something?

Sh
Randomly fell into a Toddlers & Tiaras hole while working around the house and ended up clearing at least 7 episodes. 
Now that I've found my way back, I surprisingly still can't decide how I feel about the existence of Glitz pageants for toddlers. 
How beneficial can it be to teach kids 0-3 yrs  what failure feels like? Am I looking at this the wrong way?

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