3 ms·
The problem is: you can't compete with the scale of these mega-corporations unless you have something like a sovereign wealth fund backing you. I mean, clearly
by refurb 4y ago
The problem is: you can't compete with the scale of these mega-corporations unless you have something like a sovereign wealth fund backing you.
I mean, clearly that’s not true or else we’d live in a world where old companies don’t die and no new companies come about.
- mschuster91 4y agoJust take supermarkets as an example. In Germany, 3/4 of the market has been taken by the four largest chains [1], which poses an immense competition problem for vendors like farms, or for small corner stores which have vanished in large parts of the country because they can't compete with the big-box store 20km away. [1] https://de.statista.com/statistik/daten/studie/4916/umfrage/marktanteile-der-5-groessten-lebensmitteleinzelhaendler/ https://de.statista.com/statistik/daten/studie/4916/umfrage/...
- refurb 4y agoHow much of that is just consumer choice? Of course you can’t compete against large grocery stores if you charge a higher price but offer nothing of higher value.