2 ms·
I see Karthik's point (that small businesses operated by people who just want to make an honest living doesn't grow countries like big businesses can), but: 1.
by nunez 2y ago
I see Karthik's point (that small businesses operated by people who just want to make an honest living doesn't grow countries like big businesses can), but:
1. Every big business started as a small business
2. Not everyone who starts a business wants a big business for many valid reasons,
3. The countries he uses as examples are flat or stagnating for many reasons other than firm size or productivity, and
4. In these countries, the only way to have a shot at becoming a big business is to be close to power (that tends to hoard wealth). Given that these countries also tend to have weak workers rights, "killing" small businesses == fewer options and opportunities for workers.