5 ms·
Creating a cartel is "bad for business"? Are you sure about that?
by log4shelled 5y ago
Creating a cartel is "bad for business"? Are you sure about that?
- dang 5y agoTurning down good deals is bad for a startup investment business, yes. In fact it's the worst mistake such a business can make. This observation is so commonplace that it's long been a cliché.
- user_named 5y agodang, this is a bad faith argument.
- astrange 5y agoEvery member of a cartel is motivated to defect, yes. The hiring cartel Facebook broke wasn't for business reasons, it was because Steve Jobs was mad about recruiters calling his people.