3 ms·
We want to benefit from efficiencies of scale while decreasing the size of every company's "moat". That is, consumers would benefit most if it was easy to start
by fiter 8y ago
We want to benefit from efficiencies of scale while decreasing the size of every company's "moat". That is, consumers would benefit most if it was easy to start a competitor if/when the top bank/retailer/etc tried to take advantage of its position.