4 ms·
> What is wrong with that? It goes without saying that staying mid-sized doesn't mean staying complacent, but you can innovate without growing huge. There is n
by munificent 6y ago
> What is wrong with that? It goes without saying that staying mid-sized doesn't mean staying complacent, but you can innovate without growing huge.
There is nothing morally wrong with this and I think most Americans are entirely in support of this ethos. In fact it is a truism that politicians are always talking about how important "small businesses" are.
But the emergent property of our corporate finance system is that those businesses get swallowed up or crushed by huge conglomerates over time. We have a pretty toothless anti-trust regulation system these days and big corporations have enough economies of scale, regulatory capture, and other practices to destroy any business below a certain size.
It's as if there is no protected shallow water in the business ecosystem. You're always in a place where a shark can get you, so if you aren't as big as a shark, you're bait.