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The central message of this article is that huge companies are bad because they make large profits. But there are many countries were companies cannot grow hug
by nroets 2y ago
The central message of this article is that huge companies are bad because they make large profits.
But there are many countries were companies cannot grow huge because the underlying economy is small and not part of a large trading block. (Georgia, where I'm currently living, is a good example).
People are worse off in these countries: Wages are lower in dollar terms. Locally produced products are of poorer quality and cost more.
So, although huge companies make big profits, their economies of scale do benefit their customers and staff.