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From the article: Startups are struggling in this era of rising market concentration. In most industries, since the 1980s, the share of all sales going to the
by molteanu 8y ago
From the article:
Startups are struggling in this era of rising market concentration. In most industries, since the 1980s, the share of all sales going to the top firms is increasing. Startups may have a hard time competing with these mega firms, which can out pay them for the best talent and sometimes attempt to drive them out of the industry. Previous Brookings research found there are fewer startups in states where a smaller number of companies dominate the market
From Lenin, "Imperialism, the highest stage of capitalism" (1916):
This transformation of competition into monopoly is one of the most important — if not the most important — phenomena of modern capitalist economy.