Comment by s1artibartfast
2 years ago
I dont think it is as one dimensional as that. You are also watching the breakup of a vertically integrated megacorp that owned many restaurants, and underlying real-estate.
2 years ago
I dont think it is as one dimensional as that. You are also watching the breakup of a vertically integrated megacorp that owned many restaurants, and underlying real-estate.
It doesn't have to be one-dimensional, but some dimensions should concern us more than others. Businesses fail all the time for loads of reasons and we shouldn't necessarily try to prevent that. But the structural reasons behind this one are driven by market power and consolidation, and the result of the takeover will be an increase in those measures: these are the effects that generalize beyond "Red Lobster is a complex one-off."