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by safety1st 588 days ago
Maybe not when you put it that way, but small businesses used to be a larger share of the economy and a more viable "rags to riches" path than they are today. The system is undoubtedly rigged to favor large businesses - most people understand that intuitively but the anti-trust cases the government is currently prosecuting and in many cases winning are hard evidence of how the US really punted on protecting the small businesses from the big ones over the last few decades. You aren't going to find many people in the working class who disagree with the idea that big corporations should be cut down to size and we should have an economic system that's friendlier to people who want to be their own boss.
2 comments

Small businesses are no less viable than ever. Read some historical BLS and SBA stats, SUSB at Census.gov, or pretty much any proper place that tracks historical businesses data.

There’s literally tens of millions of small businesses, over 10% of the US working population is first gen millionaires.

Just because not everyone is Warren Buffet or the tech echo chamber here only looks at app style businesses doesn’t mean millions of people are not succeeding.

Hold on, you are conflating two things. How many first gen millionaires got there through their own small business, compared to big corp RSUs?
The avg wealth of a small business owner is 3x a non business owner. Look up avg wealth by age and you do the math.

10% of Americans don’t get big corp RSUs. As I said HN lives in a weird tech echo chamber.

As I said, spend some time reading. I pointed out some good places to dig into this.

Given who was supporting the MAGA candidate, we can expect that these anti-trust cases will disappear as of January 20, 2025.