Incumbents by definition. Besides, crushing your local businesses in favor of foreign competition is not a very smart strategy.
> boutiques and lifestyle businesses
Which are also obeying startups laws and thus are simply not started under an onerous regulatory regime.
> Besides, crushing your local businesses in favor of foreign competition is not a very smart strategy.
Customers don’t care.
They do, through second order effects. Read up on them.
> Customers don’t care.
Of course we care. We get attached to the brands we buy and value the services and products they provide. And most of all we care about reduced competition.
Why do we care about "competition" when it's ultimately all about the user experience? The streaming market has a surfeit competition right now and customers loathe having to juggle between half a dozen different services just to get the content they want to watch. In that space, some are even yearning for a return to monopoly, or cable.