[latex] Latex Remove Spaces Between Items in List

What is the best way to format a list as to remove the spaces between list items.

compactitem does the job.

\usepackage{paralist}

...

\begin{compactitem}[$\bullet$]
    \item Element 1
    \item Element 2
\end{compactitem}
\vspace{\baselineskip} % new line after list

This question was already asked on https://tex.stackexchange.com/questions/10684/vertical-space-in-lists. The highest voted answer also mentioned the enumitem package (here answered by Stefan), but I also like this one, which involves creating your own itemizing environment instead of loading a new package:

\newenvironment{myitemize}
{ \begin{itemize}
    \setlength{\itemsep}{0pt}
    \setlength{\parskip}{0pt}
    \setlength{\parsep}{0pt}     }
{ \end{itemize}                  } 

Which should be used like this:

\begin{myitemize} 
  \item one 
  \item two 
  \item three 
\end{myitemize}

Source: https://tex.stackexchange.com/a/136050/12065

You could do something like this:

\documentclass{article}

\begin{document}

Normal:

\begin{itemize}
  \item foo
  \item bar
  \item baz
\end{itemize}

Less space:

\begin{itemize}
  \setlength{\itemsep}{1pt}
  \setlength{\parskip}{0pt}
  \setlength{\parsep}{0pt}
  \item foo
  \item bar
  \item baz
\end{itemize}

\end{document}