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While I'm not a huge fan of Tom Friedman, I thought his take on how we've handled downturns over the past few decades was relevant here. Especially with respec
by nobody9999 6y ago
While I'm not a huge fan of Tom Friedman, I thought his take on how we've handled downturns over the past few decades was relevant here.
Especially with respect to the smaller numbers of startups and the impact of the big players either buying or snuffing out potential competitors among those startups.
Changing the incentive structures around startups, competition and markets propping up so-called "zombie" companies[0] seems like a fertile area for discussion, especially on HN.
[0] https://www.investopedia.com/terms/z/zombies.asp https://www.investopedia.com/terms/z/zombies.asp
- snarf21 6y agoIt is also clear that the SEC and FTC have been absent for the 21st century. As long as Wall Street calls the shots, the consumer is screwed.
- aNoob7000 6y agoI think a big issue is company mergers and acquisitions. For a while now, the bigger is better mentality has ruled. Additionally, we've let too many companies buy up competitors. For example, Facebook purchased Instagram and Visa tried to buy Plaid.
- specialist 6y agoI'm also very concerned about the decline of small businesses. It seems to me that any faction claiming to be "pro-business" would champion policies encouraging new business formation, especially smaller and more local. Stupid obvious stuff like access to capital, helping with health insurance and other benefits, tax holidays like what Amazon enjoyed. There's no shortage of ideas.