5 ms·

The problem is not that big corporations fail - they inevitably will and they arguably should. The problem is that there are no new ones, or at least not enough

The problem is not that big corporations fail - they inevitably will and they arguably should. The problem is that there are no new ones, or at least not enough to make up for the losses.

raverbashing 4y ago
Yes, however there are a couple of spin-offs and rearrangements that happen before the "main company" failing Even in the case of Philips it spun off NXP (which is not going great neither to be fair), ASML, Signify (lightning business etc) Siemens also dug their own hole in severe mismanagement ("old people" running the show) and I think there's not much more left there
- ChuckNorris89 4y ago
  >NXP (which is not going great neither to be fair) Out of curiosity, why do you think that?
  - raverbashing 4y ago
    I stand corrected, maybe I had read a slightly older FY results https://media.nxp.com/news-releases/news-release-details/nxp-semiconductors-reports-fourth-quarter-and-full-year-2022 https://media.nxp.com/news-releases/news-release-details/nxp... (though Qualcomm has aprox 3x the quarterly revenue)
    - ChuckNorris89 4y ago
      QUALCOMM sells phone modems which is a much more lucrative business than NXP selling automotive chips and generic ARM microcontrollers.
      - raverbashing 4y ago
        And NXP sold those (up to 3G models IIRC). https://www.nxp.com/products/no-longer-manufactured/3g-single-core-modem-platform:MXC300-30 https://www.nxp.com/products/no-longer-manufactured/3g-singl... Why are they not selling anymore? https://www.nxp.com/products/wireless:WIRELESS-CONNECTIVITY https://www.nxp.com/products/wireless:WIRELESS-CONNECTIVITY
ogogmad 4y ago
Does anyone think they know the cause?
- brabel 4y ago
  Let me try: once you've reached a certain level of development, your priorities change. You don't care anymore about making more money than everyone else, you care about living a life you enjoy, even if that means you're no longer number 1 on something. Other countries that are still on the first phase and do prioritize beating everyone else, to the detriment of their health and personal life, will start overtaking you... with time, they too will start giving some importance to a healthy life and will start falling behind (China may already have reached that point, as we now see some other Asian countries taking some pieces of the cake - helped no doubt by the West's antagony to China and its authoritarian government)... and so the cycle continues... The countries that reach the top level in qualify of life, like USA, Australia and most of Europe, tend to still stay quite wealthy, it seems... as they still have a highly educated population capable of creating value for the country and their fellow citizens... so this story seems to be going well so far.
  - eecc 4y ago
    Hmm, not so sure about that. You don't need to lose your health while inventing and riding the waves of progress. I tend to blame myopic capitalistic class, more interested in punishing trade unions, looking for '800s production organization before anything else.
  - _5uxp 4y ago
    Probably real answer is aging.
- nradov 4y ago
  The lack of any major threat since 1991 has allowed them the political luxury of being able to make policy decisions based on ideology rather than objective reality. The Russian invasion of Ukraine and resulting energy crisis has demonstrated the failure of that approach so now they have to pivot. Expect a new wave of innovation led by the energy and defense sectors.

The problem is not that big corporations fail - they inevitably will and they arguably should. The problem is that there are no new ones, or at least not enough to make up for the losses.

raverbashing 4y ago

Yes, however there are a couple of spin-offs and rearrangements that happen before the "main company" failing Even in the case of Philips it spun off NXP (which is not going great neither to be fair), ASML, Signify (lightning business etc) Siemens also dug their own hole in severe mismanagement ("old people" running the show) and I think there's not much more left there

ChuckNorris89 4y ago
>NXP (which is not going great neither to be fair) Out of curiosity, why do you think that?
- raverbashing 4y ago
  I stand corrected, maybe I had read a slightly older FY results https://media.nxp.com/news-releases/news-release-details/nxp-semiconductors-reports-fourth-quarter-and-full-year-2022 https://media.nxp.com/news-releases/news-release-details/nxp... (though Qualcomm has aprox 3x the quarterly revenue)
  - ChuckNorris89 4y ago
    QUALCOMM sells phone modems which is a much more lucrative business than NXP selling automotive chips and generic ARM microcontrollers.
    - raverbashing 4y ago
      And NXP sold those (up to 3G models IIRC). https://www.nxp.com/products/no-longer-manufactured/3g-single-core-modem-platform:MXC300-30 https://www.nxp.com/products/no-longer-manufactured/3g-singl... Why are they not selling anymore? https://www.nxp.com/products/wireless:WIRELESS-CONNECTIVITY https://www.nxp.com/products/wireless:WIRELESS-CONNECTIVITY

ogogmad 4y ago

Does anyone think they know the cause?

brabel 4y ago
Let me try: once you've reached a certain level of development, your priorities change. You don't care anymore about making more money than everyone else, you care about living a life you enjoy, even if that means you're no longer number 1 on something. Other countries that are still on the first phase and do prioritize beating everyone else, to the detriment of their health and personal life, will start overtaking you... with time, they too will start giving some importance to a healthy life and will start falling behind (China may already have reached that point, as we now see some other Asian countries taking some pieces of the cake - helped no doubt by the West's antagony to China and its authoritarian government)... and so the cycle continues... The countries that reach the top level in qualify of life, like USA, Australia and most of Europe, tend to still stay quite wealthy, it seems... as they still have a highly educated population capable of creating value for the country and their fellow citizens... so this story seems to be going well so far.
- eecc 4y ago
  Hmm, not so sure about that. You don't need to lose your health while inventing and riding the waves of progress. I tend to blame myopic capitalistic class, more interested in punishing trade unions, looking for '800s production organization before anything else.
- _5uxp 4y ago
  Probably real answer is aging.
nradov 4y ago
The lack of any major threat since 1991 has allowed them the political luxury of being able to make policy decisions based on ideology rather than objective reality. The Russian invasion of Ukraine and resulting energy crisis has demonstrated the failure of that approach so now they have to pivot. Expect a new wave of innovation led by the energy and defense sectors.