That works until you capture the market. That's the entire phenomenon aroind the poorly named "enshittification".
Companies have in fact figured you can be too big to fail and wait until they get their to no longer "please other people" and squeeze them. Or at least, get away with otherwise company killing moves for years longer than they should.
That's the thing, though. IBM faded into... A 62B earnings call for 2023. I sure wish that's how I could fade if I sold out.
Not being in the limelight doesn't mean these old juggernaut aren't still making more money than some small countries. Very few companies that you feel are "dead" are truly in dire straits financially. They've mad their money and still make a non-negligible amount today in the background
Intel has also faded away. As did Sears, Kodak, Xerox, GE, even Walmart was eclipsed by Amazon. Disney has lost its footing. AT&T. Novell. Cisco. Kmart. RCA.
Capitalism has been in the US for what, 250 years? You'd think the theory that capitalist businesses grow to take over the world would have been repeatedly verified by now.
You're not getting it are you? Do what I did with Nvidia and see how much money 80% of those companies are making.
>You'd think the theory that capitalist businesses grow to take over the world would have been repeatedly verified by now.
It's not about taking over the world. Ceos aren't twirling their mustaches with a bowler hat. It's about what it's been about for all of humanity: making sure to keep some other part of humanity down so they don't get power.
America's only had one civil war and it was purely to make sure they can keep telling black people what to do, without proper compensation. That's how important that control is to them. Businesses can die and restart, but they cannot get back lost power that way.
I remember when this BS was being pushed about Wintel capturing the market and killing competition. Then mobile happened, Google and now AI - doomers just changed the brands doing the capturing.
Nope. Comparatively to what it used to be some 25 years "pleasing" factor went down the tubes. In many cases modern capitalism looks more and more like an extortion business
