"When the dust settles, we need to stop tilting the playing field against local businesses and start tearing down the barriers between them and success." – @StrongTowns
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Economies of scale in all sorts of vectors: - purchasing power for materials - ability to pay for lobbyists - ability to take advantage of the financial system (share buybacks, etc) - ability to win in logistics, distribution, etc
@planetmoney had a great series on antitrust last year: https://www.npr.org/sections/money/2019/03/20/704426033/antitrust-in-america … In particular, episode 2 is a worthwhile listen on how/why business consolidation happened after the 1960s, and how it spread across industries
The net impact, I believe, is that you have a 50 year focus on increasing consumer surplus (1990s trade policy with China in particular) to the determent of small and medium-size business. It's in the last 10 years that we've increasingly realized our economy is on shaky ground.
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