Lots of Neil Postman vibes reading this edition. Obviously ideas and great people play a role, but it does seem like much of society is on a rail determined by technology and economy. Even Marxism—the idea that there can be a world with zero managers—basically turned into literal death by managers.
James, I'll have more to say on the guerilla fighters topic in a future newsletter.
I agree not all industries are destined to be dominated by large companies. There's a concept called "minimum efficient scale" that describes how large a company needs to be to effectively compete. Also, the existence of niche players (particularly in the luxury end of the market) doesn't necessarily exclude the market being dominated by big players overall. But I do believe we can be much less economically concentrated than we are today.
Lots of Neil Postman vibes reading this edition. Obviously ideas and great people play a role, but it does seem like much of society is on a rail determined by technology and economy. Even Marxism—the idea that there can be a world with zero managers—basically turned into literal death by managers.
James, I'll have more to say on the guerilla fighters topic in a future newsletter.
I agree not all industries are destined to be dominated by large companies. There's a concept called "minimum efficient scale" that describes how large a company needs to be to effectively compete. Also, the existence of niche players (particularly in the luxury end of the market) doesn't necessarily exclude the market being dominated by big players overall. But I do believe we can be much less economically concentrated than we are today.