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Well that really can't happen until small businesses are on an even playing field with large business. Most large businesses have been allowed to carve out moa
by trod1234 1y ago
Well that really can't happen until small businesses are on an even playing field with large business.
Most large businesses have been allowed to carve out moats, and other financial benefits through lobbying which small business do not have access to.
This includes preferential banking and loans where they effectively are receiving money-printed regardless of loss allowing them to leverage buyout competitors and increase the costs on everyone through monopoly.
Anyone aware of how money-printing fails can't help but be concerned as the number of businesses in a sector trend and sieve towards zero. The parasitic model eventually hits a critical saturation point where the unsound practices can't be offloaded anymore, and it all fails overnight after that point with no one capable of stopping it.
Then there is of course the fact that certain businesses due to regulatory simply cannot enter the market because the costs exceed the cashflow, or the requirements cannot ever occur. For example chartering banks post 2008, you need a board of directors that will be personally liable for decisions they make as a group, and they can't be compensated in any way. No ones going to sign up for that.
Then of course there is the scaling issue, where you can't be profitable until you have scaled past a specific point, which you can never reach without first being profitable.
All in all, there are quite a large number of problems where everything is set to collapse in the near future if nothing is done, but the only people who can do something are the ones that have in aggregate created the problem to begin with. A positive feedback system that runs away.