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#thing#small#companies#largest#restaurant#chain#america#monopoly#free#market

Discussion (2 Comments)Read Original on HackerNews

jruohonen•about 1 hour ago
connor11528•about 1 hour ago
america has a monopoly problem
arthurjj•1 minute ago
The article says 80% of the lawsuits were in Mexico and ~3% were in America.
rootusrootus•19 minutes ago
Indeed if we could solve one thing with our gov't, I'd want it to be antitrust enforcement. For an ostensibly free market society we seem awfully willing to except it being anything but.
kibwen•13 minutes ago
Free markets tend to produce monopolies. You know how economies of scale are a thing? That's another way of saying that small companies lose to large companies at scale. "Disruption" or "agility" is the only thing that small companies have going for them, but once the monopolist gets large enough they can just buy up any upstarts and keep the market all to themselves forever. This is why you require governments to periodically shake the snowglobe and restore markets to competitiveness... until the monopolist gets big enough that they just buy the government, anyway.
pphysch•4 minutes ago
Exactly. If you ask anyone on the street, "is it easier for a fast food worker or a business-owning millionaire to make their next million dollars?", common sense will prevail.

Money begets money (and power). It doesn't require an economics degree to understand this positive feedback loop.

artisinal•24 minutes ago
In many European countries, the largest restaurant chain is American. Not great.
bluGill•10 minutes ago
You seem to be assuming chains are good. I prefer the one location restaurant myself, but by definition they will never be the largest chain.
cbg0•7 minutes ago
McDonald's might be the largest restaurant chain in Italy but that doesn't really mean much given how many small restaurants the country has with high quality food.
dabbz•40 minutes ago
True, we have way too many thematic versions of Monopoly. I'm still missing so many copies.