There's quite sufficient spacing. It varies with aircraft type, because of wake turbulence issues (i.e. a 737 won't be close behind a 380, but it might be the other way around, but even so, it's measured in miles. We don't land unless the aircraft ahead is clear of the runway, and as they clear, the next aircraft will normally still be about 2 kms away.
Of course, if they go around, it makes it easier for the following aircraft, as they are now out of the way, and not affecting your landing. If you were to both go around, the separation would hold reasonably steady. There's certainly no hurry to accelerate after a go around.
Go arounds are a lot more exciting behind the coughpit door, than they are in front of it.....
All landings could be go arounds, and all take offs can end in aborts.