There was an article here just a few days ago, which discussed how firms can be ineffective, and still remain competitive. https://danluu.com/nothing-works/ ht

There was an article here just a few days ago, which discussed how firms can be ineffective, and still remain competitive. https://danluu.com/nothing-works/ https://danluu.com/nothing-works/ The idea that competition is effective, is often in spherical cow territory. There’s tons of real world conditions which can easily let a firm be terrible at their core competency, and still survive.