Wednesday’s Words of Wisdom
National markets that only thirty years ago seemed comfortable oligopolies–such as America’s television and car markets–are now squabbled over by companies from the world over. And in general, the more futuristic the industry, the less evidence of concentration.
John Micklethwaite and Adrian Wooldridge, The Company: A Short History of a Revolutionary Idea. 2003. The Modern Library. p. 183. This book is a great, short, and accessible read about the history and evolution of the concept of “a company” in business (no, it’s not about the CIA). Highly recommended.