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> which is just assuming the existence of a consolidated industry. Well, consolidated industries currently exist, and they don't take too kindly to competition
by agentdrtran 5y ago
> which is just assuming the existence of a consolidated industry.
Well, consolidated industries currently exist, and they don't take too kindly to competition.
- AnthonyMouse 5y agoWhat I mean is, it assumes the industry has to operate as it does when consolidated, i.e. that the market can only exist as conglomerates with fleets of container ships and not individual container ships shipping freight as separate entities. It's like saying the trucking market has high barriers to entry because you have to buy a fleet of trucks, which only billionaires can afford, and individual owner operators are impossible. Obviously not.