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> When an industry consists of hundreds of small- and medium-sized enterprises, it is a mob, a rabble. Hundreds of companies can’t agree on what to tell Parliam
by m_fayer 3y ago
> When an industry consists of hundreds of small- and medium-sized enterprises, it is a mob, a rabble. Hundreds of companies can’t agree on what to tell Parliament or Congress or the Commission. They can’t even agree on how to cater a meeting where they’d discuss the matter... But when a sector dwindles to a bare handful of dominant firms, it ceases to be a rabble and it becomes a cartel.
This as well.