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> As an example Renaissance Technologies was founded in 1978 and has only about 310 employees today. Yet I can assure you that the US economy would not have bee
by piva00 2y ago
> As an example Renaissance Technologies was founded in 1978 and has only about 310 employees today. Yet I can assure you that the US economy would not have been better off without it.
Another example is Germany, even though the country has some massive companies there's a lot of quite productive medium/small companies (Mittelstand) doing specialised work.
- fakedang 2y agoAs a counter example, I see a shit ton of Indian firms in sectors such as pharma or tech, which employ hundreds or even thousands of people, but they collectively make much less in revenue than a similar competitor in the US, even though their business is mostly international.