3 ms·
Hey, I'm with you that small business is much preferable to chaebol hell. But, I am also worried how much small business is still possible given modern technolo
by Ericson2314 6y ago
Hey, I'm with you that small business is much preferable to chaebol hell. But, I am also worried how much small business is still possible given modern technology and economies of scale.
(But I am also aware that the fact that large business gets so much more government assistance, directly, or via financial markets and fractional reserve banking, means it is hard to tell what is really going on.)
What I'm getting at is it may be that under capitalism consolidation is inevitable to a degree that small businesses would have to be completely propped up, in which we may consider other interventions such as workers on board or co-op requirements, UBI, etc.
Basically, if no outcome one likes is "natural" (please excuse the capitalist realism), then one should look at the full spectrum of "unnatural" solutions, as opposed to just the status-quo-adjacent "let's just attract and subsidize immigrants to work 3x hard as the rest of us so we can instagram in their restaurants and bodegas".
- icelancer 6y ago>> But, I am also worried how much small business is still possible given modern technology and economies of scale. This is the opposite - the more modern technology, the more likely it is that small businesses can succeed. Barriers to entry are massively reduced on many fronts.
- Ericson2314 6y ago"Barriers to entry" are far from being the only barriers to a business been sustainable.