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Request - examples of giants the free market brought down

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Wheylous posted on Wed, Dec 5 2012 7:30 PM

I distinctly remember reading about some well-known large companies that the free market brought down by itself. However, I do not remember the names. I had a vague memory that it was Sears, but I can't find any references.

Help?

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Also Atari and later Sega as video game console makers.  Also Wheylous, you should know better than to make 'question' threads, which do not show the proper page number on the forum view once they go up a single page.

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I didn't know that...

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I thought you would enjoy this information Wheylous:

In the steel industry, for example, minimills have been cleaning the clocks of the old
steel giants. According to Adams and Brock, minimills operating at infinitesimal
fractions of the output of U.S. Steel and Bethlehem Steel had by 1998 achieved a 45%
share of the U.S. market. They used electric furnaces to process scrap metal, and oriented
their output toward local markets. Minimills produced wire rod and cold-rolled steel
sheets 28% and 29% cheaper, respectively, than U.S. Steel. A minimill could produce
steel bars with only thirty employees on average, compared to 130 even in a single plant
of U.S. Steel.21

 

21 - Walter Adams and James Brock "The Bigness Complex"

Of Carson's Organization Theory

Land & Liberty

The Anarch is to the Anarchist what the Monarch is to the Monarchist. -Ernst Jünger

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That looks really awesome!

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