This is why the theory that companies will inevitably grow until they own the world is false. Companies grow to the point where they are throttled by their own bureaucracy, then they fall to smaller, nimbler competitors.
It happened to Standard Oil, IBM, GE, RCA, Kodak, Sears, all of them.
The same failure happens to government agencies attempting central planned economies. Except that government agencies are never allowed to fail, and we all suffer.
It happened to Standard Oil, IBM, GE, RCA, Kodak, Sears, all of them.
The same failure happens to government agencies attempting central planned economies. Except that government agencies are never allowed to fail, and we all suffer.