Hacker News Reader

> Einstein talks of a planned economy towards the end. It's easy to see how someone in 1949 might think it's a good idea, but in 2023 the idea seems antiquated. All of the major economies are largely not planned.

AAPL? MSFT? AMZN?

A large corporation is internally a planned economy. Why do they keep outcompeting small businesses?

View on HN

Market capture and high barrier to entry to producing the same caliber of service/product, particularly given network effects.

These are not good examples.

Bad examples of what? It doesn't matter why big corporations keep outcompeting small businesses. They simply do. Thus “planned economies” are still a thing, not something “antiquated”.

It doesn't matter if you think that these are caused by impurities in the system.

Interestingly though, the extent to which big corporations outcompete small business is different in different economies. For example in Europe a much larger part of the economy is driven by small/medium business than in America.

Reply on news.ycombinator.com