Cronycapitalism, chaebols, nepotism, .. nailed round and square!
Why can't we've more of FREEMARKLETs? Why cant we've have more hyper competition, like the one that revolutionised the telcom sector in India?
1. Personally, I've no lost love for @ICICIBank @HDFC_Bank @HomeLoansByHDFC
@TCS @Tesla @Microsoft @Infosys .. @relianceindltd.
Yet, their fat cat employees would keep growing fatter as all of the above
have acquired competitive advantage(moats) & are systemically critical
companies.
2. Of-course, their competitive advantage could wane overtime.
However, not in the near-term.
All their incumbent fat employees care for is their job security &
financial security post retirement.
As-much & more is assured
However, what's in it for me, an outsider?
Obviously, nothing.
3. Moreover, all of the above are intrinsically status quoist & have a
vested interest to perpetuate mediocrity
Being a disruptor actually shrinks their top-line and bottom-line,
eventually.
So, they keep sabotaging the startups and disruptors invariably on purpose
& inadvertently.
4. Hence, it's only logical from my perspective to call out the status
quoists, mediocre setups, stand up for the disruptors who actually put
themselves in the harm's way either in larger public interest &/ for their
narrow selfish interests, as in a typical FREEMARKET economy.
5. Also, I'm quite clear, all those who stand up & vouch for @ICICIBank
@HDFC_Bank @KotakBankLtd @TCS @Tesla @Microsoft @Infosys @relianceindltd
even while their own interests aren't aligned to aforementioned have
compromised mental faculties, survival instinct & need special care.
6. Indeed, FREEMARKETs are the most powerful computer we ever invented and
no other system can even match remotely the gains we make through the FREEMARKET system.
Hence, it's imperative for all of us to maximize our gains as nodes & not
get swayed by a congregation of other nodes.
7. Important questions to ask in a FREEMARKET:
What's my gain?
Do chaebols like @TataCompanies enhance competitiveness & value in the
marketplace?
Wouldn't it be best to patronize single business specialists & not get
swayed by trusts that usher in socialism through the backdoor?
8. Consider this
X has a presence in n business(b~)es
X can afford to subvent & subsidize(S&S) n - Y b~es while X's flagship
b~(/es) rake(/s) in handsome profits to fund & enable such S&S(ation)
possible & enable X gain marketshare &/ dominance in their other b~es in
the long-term.
9. In the meantime, ordinary mortals wanting to break the glass ceiling &
setup their own business simply don't manage to make much headway, fail too
miserably & make it standout imprudent for others to emulate them.
Finally, all we've is oligopoly & oilgarchs; not a freemarket. 🤔
10. Indeed, we've seen significant churn in the below list of legacy
businesses. However, there ought to be more.
a. The Times Group
b. Tata group
c. The Bombay Burmah Trading Corporation
d. Bombay Dyeing Co.
e. Teesta Valley Tea Co.
f. Parry & Co(Eid-Parry Ltd)
..............
11. ......
g. Aditya Birla Group
h. Shapoorji Pallonji
i. Kamarhatty Co. Ltd
j. Dabur
k. Godrej Group
l. Shalimar Paints
Why no @intel @AMD @Twitter @amazon @Tesla .. from India, yet?
Indian companies have seldom treaded the unbeaten path & been the
torchbearers of change.
12. I see, people lap up flats of @iGodrejproperty @tata_housing ... for
the convenience of full cheque payment & assurance of the commitments being
met.
Actually, MAHARERA/RERA already make asmuch a reality.
So, the buyers needlessly end up losing out on great deals in the market.
13. I see, people lap up flats of @iGodrejproperty @tata_housing ... for
the convenience of full cheque payment & assurance of the commitments being
met.
Actually, MAHARERA/RERA already make asmuch a reality.
So, the buyers needlessly end up losing out on great deals in the market.
14. What stumps me is, even otherwise discerning people make the
aforementioned cardinal mistake in their business decisions.
Of-course, one's bank must be reliable.
So, which bank can be more reliable than @TheOfficialSBI @canarabank .. so,
why deal with unscrupulous pvt bankers??
15. The issues gets even more murkier & flabbergasting when one scrapes the
surface of B2B business(b~).
In B2B, A gives b~ to B, B to C, C to D, D to A & C, C to B & D, .. leading
to circular deals or clients persists with legacy b~es for services as
everyone offers the same perks.
16. @livemint couldn't have been more forthcoming & forthright in their
analysis. @HDFC_Bank @HomeLoansByHDFC
Clearly, the times have changed even for you.
While the bank has rewarded their investors handsomely, absence of ingenuity was conspicuous by it's absence.
https://www.livemint.com/companies/people/why-investors-aren-t-buying-into-hdfc-bank-ceo-jagdishan-s-optimism-11655029931007.html
To give the devil it's due, the employees(fat cats) of @HomeLoansByHDFC
have to be made fighting fit, retooled, ... assigned productive roles in
@HDFC_Bank after merger of @HomeLoansByHDFC with @HDFC_Bank.
Hence, adding large number of bank(retail) branches probably makes sense.
Email: protonmumbai@protonmail.com
Website: https://www.ingenuityhandle.com