Ken de Rosa lands on a great graphic (above), which is why I'm posting this item, but of course draws exactly the wrong lesson from it. He argues that the reason Blockbuster Video failed was that it was a monopoly, and so was unable to adapt to meet a new competitive model. As the first commenter states, "Likening a single corporation to a public institution is ludicrous. There is a long history of "rich" corporations falling by the wayside because of advancing technology. Think of the US auto industry for a recent example. Netflex is now in the same position that Blockbuster was earlier." (The rest of the comment, a good drubbing over the nature of public services, is also worth reading).
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