In the 1980s and 1990s, Blockbuster modernized the movie rental business. It offered far more movies than its smaller rivals, used computers to better manage that inventory, and designed its stores to be bright and family friendly. By 1993, just eight years after its founding, Blockbuster was the global leader in movie rentals, with more than 3,400 stores worldwide.
Making Sense of Our Very Competitive, Super Monopolistic Economy
Maybe it can be both.
July 25, 2017
Summary.
A researcher suggests the U.S. economy may be succumbing to what he calls “the Medici cycle,” named for the powerful family of medieval Florence. Their motto – or at least the motto often attributed to them – was “Money to get power. Power to protect money.” And he fears that a version of this motto aptly describes the true strategy of at least some of corporate America. Although better antitrust policy wouldn’t entirely fix lack of competition on its own, it would go a long way. If regulators prevented industry leaders from buying up competitors, it would limit their market power and allow for more competition.