Wall Street Journal (February 22)
“Small businesses are bearing the brunt of supply-chain pressures and rising prices, with many tapping their cash reserves or taking on debt just to compete with larger rivals.” Most of them lack “the heft and sophistication to thrive in an environment of booming demand and short supply.” This further exacerbates “the existing power imbalance between small and big firms.”
Tags: Big firms, Booming demand, Brunt, Cash reserves, Compete, Debt, Power imbalance, Rising prices, Rivals, Short supply, Small businesses, Supply-chain pressures
Los Angeles Times (November 27)
“A lack of data hides the pandemic’s true toll on American main Streets because many small businesses simply board up without going through Bankruptcy Court.” Vaccines promise hope, but more immediately these businesses face uncertainty and hardship. “As virus cases soar, small businesses at the heart of communities ponder their survival.”
Tags: Bankruptcy Court, Data, Hardship, Hope, Pandemic, Small businesses, Survival, Toll, Uncertainty, Vaccines, Virus
The Atlantic (April Issue)
In the 1950s, most “Americans had a favorable opinion of large businesses.” These days, they only hold small businesses in esteem. “A majority of Americans now view large businesses as self-serving and self-dealing.” But these perceptions are based on myths. “Disdain for large businesses exaggerates their malfeasance while misapprehending their vital role in continued American success.” And that leads to more problems. “Feeding off the popular esteem for small business, policy makers are handicapping Big Business—in the process lowering productivity, dampening innovation, and hurting U.S. global competitiveness.”
Tags: Disdain, Esteem, Favorable, Global competitiveness, Innovation, Large businesses, Malfeasance, Myths, Opinion, Perceptions, Productivity, Self-dealing, Self-serving, Small businesses, U.S.
