5 ms·

And of course it's a german word. These companies are the strength of the german industry !

• dmix 7y ago
  And the driving force of capitalism, megacorps only represent about 1% of companies and ~20% of employment (minimum wage jobs are also a very small percentage of all jobs despite the constant attention it gets). SMB are the real business world and where the majority of upward mobility is. Sadly most critiques of markets are hyper focused on the mega corps and policy gets made which only considers the big bad guys, which squeezes out the smaller firms as side effects of otherwise well intentioned policy. The rate of people starting new businesses has been declining lately and it’s concerning. Megacorps dominating absolutely everything is a big part of dystopian fiction for a good reason.
  • toyg 7y ago
    I agree, but part of the reason is that such small businesses consistently fail to differentiate their policy objectives from the ones of megacorps. If I give a tax breaks to companies, megacorps will benefit disproportionately more than SMBs, but SMBs oppose thresholds and caps because they “discourage growth” and “increase red tape”. What is a legislator going to do? SMBs in many ways act as “temporarily embarrassed megacorps” and hence reap what they sow.
• fishingisfun 7y ago
  what small business is all about
  • m_mueller 7y ago
    not sure about the US, but in Europe these companies often grow into having a couple of hundred employees, at which point they just continue being at the top in their niche without much growth. sometimes they get absorbed, often not because what they do doesn't provide a lot of synergies with what big corp. are doing.