3 ms·
It's crazy that these companies can grow at this speed even though they are larger than any that existed historically. We're talking about multiple companies wi
by throwawaysea 6y ago
It's crazy that these companies can grow at this speed even though they are larger than any that existed historically. We're talking about multiple companies with market caps north of one trillion USD with double-digit growth and massive profit margins. We need to have a revamp of anti-trust regulations to break them up, because with their immense financial warchests and the protection of network effects, they are not going to face real competition from anyone. An economy made up of many smaller companies will not just create better outcomes for customers but also distribute wealth better. But right now, I don't get the sense that the competition mechanism works well against these giants.
- d1zzy 6y agoI don't agree that an economy made out entirely of smaller players is strictly better. I think there pros and cons to each of these scenarios. For example one thing smallest companies cannot do is effectively tackle problems that take huge amounts of funding, engineering and coordination.
- jacques_chester 6y ago> It's crazy that these companies can grow at this speed even though they are larger than any that existed historically. It's likely that the Dutch East India Company (VOC) was the largest company of all time in both inflation-adjusted terms (estimates made in 2017 put it between $7.9 and $8.2 trillion dollars) and in terms of % share of world domestic product.