this post was submitted on 03 Jun 2024
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Makes sense this is how capitalism will grow - once you've refined and streamlined things as best as possible and maximized your market, your next way to continue to grow is to buy up more companies (or farmland) or expand their operations into more sectors so line goes up.
Seems like we need to figure out a way to prevent this from becoming a race to the bottom in terms of quality (and a race to the top for company profits), or turning into mega-corpos only.
A handful of years ago, I read an article which concluded that unrestrained capitalism will inevitably result in an entire industry sector being controlled by roughly three companies, working as a collusive oligopoly.
If you're a plucky startup in any industry whatsoever, expect to get bought or buried as soon as you're big enough to be noticed.
If you happen to remember or find that article I'd be very interested in reading it!
Believe me, if I find it again I will bookmark it, download it, and probably even print it. (Same as I did with Umberto Eco's 14 Common Features of Fascism.) And I'll let you know.