3 ms·
This was the key insight to me: 'Many economists say the answer could lie in the rising power of the biggest corporations, which they argue is stifling entrepr
by arcanus 9y ago
This was the key insight to me:
'Many economists say the answer could lie in the rising power of the biggest corporations, which they argue is stifling entrepreneurship by making it easier for incumbent businesses to swat away challengers — or else to swallow them before they become a serious threat.'
How many start ups are founded with an explicit target at being acquired by a megacorp? Increasingly a few massive monopolies in tech are siphoning up more and more markets, often without even extracting profit (its for data and customer acquisition). While it is good for the consumer, it certainly is not helping maintain a dynamic economy.
- HillaryBriss 9y agoyes. good for the consumer. and, as you suggest, probably not so good for entrepreneurs. their upside is limited. fewer small companies can hope to grow large, remain independent. fewer founders can grow into full fledged, mid or large company CEOs.
- jliptzin 9y agohow are large behemoth corporations better for the consumer than an array of small businesses competing for the same dollars?
- jonknee 9y agoIt’s easier. I like the convenience of just going to Amazon and ordering what I need without having to think about it. When I’m in a new city for a night I could research and pick out a boutique / bed and breakfast, or I can just open the Hilton app and get a consistent room without any work.
- jliptzin 9y agoRight now it's great. Come back to this question after competitors are driven out of business and you don't have much of an option should Amazon decide to capriciously raise prices. I tend to think decentralization is a good thing even if it's not more convenient at every level.