To: TobagoJack who wrote (200720 ) 8/9/2023 1:14:40 PM From: ggersh Respond to Nice read heresonar21.com The competition crisis – This crisis can be explained by the following example: Let’s say there are three companies with combined 100% market share in some sector. There is no real competition between them and everybody can just relax because the customers can’t go anywhere else. These companies can get away with absolute incompetence on most levels, including in management. They don’t need to think about efficiency, safety, productivity or costs, except on their websites and in annual reports. However, if a competitor with competent employees manages to infiltrate the sector, those three companies will hit a wall. There will be an enormous crisis and one or more of them will most likely go under.necessity because a huge number of western companies are now run by incompetent management and staffed by incompetent people, particularly in support and management functions. The immortal words of the nameless Boeing employee about the 737 MAX apply to most large western companies; “this airplane is designed by clowns who in turn are supervised by monkeys.” Western companies are no longer competitive. They cannot compete with Chinese companies now and soon they won’t be able to compete with companies in general outside the West. They simply can’t function except inside an economic safe-space. In fact, the situation is such that the Chinese already do the real work for many of them and reshoring the work is problematic because of (surprise!) the human capital degradation in the West caused by the repurposing of its education system.npr.org
