It’s a bit hard to have a weekend when you work 2/3 nights… but I’ll do my best.
Daily Archive: April 7, 2017
Entirely As Expected
Huge companies dominate American economic life well beyond employment. They ring up a disproportionate share of sales for goods and services, both to consumers and to other businesses.
Scale alone isn’t bad. It can bring substantial efficiencies. National cellular providers can spare customers the complexity and expense of roaming charges. At the same time, scale begets scale as big companies reinforce one another. Big retailers prefer big distributors. Big manufacturers need big suppliers.
Over time, economists say, nimble new companies should form to challenge sprawling incumbents. That isn’t happening as much these days. Young firms often fail or are absorbed by existing giants. The problem now is that business formation has slowed.
While Obama made a series of mistakes with regard to Syria—most notably the constant refrain of “Assad must go” and the drawing of the infamous “red line”—he avoided making a catastrophic error. But the result of largely staying out of the civil war (if ultimately not the counter-ISIL fight) has been horrendous: horrific loss of innocent life, unspeakable atrocities, and massive refugee flows.
So, it’s not at all surprising that there has been near-universal proclamation of support for these strikes from our European allies. There had been, as foreign affairs reporter Laura Rozen notes, “a lot of pent-up demand built up against Assad horrors [these] past few years.”
But now what?
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