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I’m not so sure that the opposite extreme of having a ton of small, redundant competitors who individually cannot optimize economies of scale, would result in a
by presentation 5y ago
I’m not so sure that the opposite extreme of having a ton of small, redundant competitors who individually cannot optimize economies of scale, would result in anything near globally optimal outcomes.
- de_keyboard 5y agoYes, the many small competitors scenario means no one achieves economies of scale. There is little to no dead-weight inside each company, but consumers must pay more because the overall system is inefficient. Going back to the "mega-corp" scenario, if you are a lazy person, a good strategy would be to join an org in a defensible (ideally monopolized) industry and work just hard enough to not get fired. Find yourself a bullshit job!