alt Hacker News> That's not to say it's an easy problem to solve.
Incorrect. You simply decide that having less than 5 suppliers at any level is unacceptable and you bust companies up, repeatedly until you have those suppliers. That way when one goes bankrupt, you don't wind up with complete supply chain disintegration.
The solution is quite straightforward. However, it requires an electorate that has a couple of brain cells to rub together in order to understand the solution. And 30% of the US is willfully hostile to any real solutions while another 30% is happy to fiddle while everything burns.
> You simply decide that having less than 5 suppliers at any level is unacceptable and you bust companies up, repeatedly until you have those suppliers.
This is a very extreme solution, and eliminates many of the benefits from horizontal integration even when the benefits are passed onto customers. Consider:
- insurance companies
- banking
- utilities
It’s also hard to implement. What counts as a supplier? Is Google the sole supplier for search functionality? If 4 suppliers provide 1% of demand, and one supplies 96%, does that comply? If there’s only one company offering some new service (e.g. driverless cars), do they immediately get broken up?