All Fiat Companies Become Zombies. Bitcoin Tech Talk #269

A lot of businesses are huge. Citibank has 210,000 employees and IBM has 30,000. These are enormous organizations, historically speaking.

Large organizations have a lot of disadvantages compared to small ones. They’re not as nimble, they have a lot of management costs and they’re generally under more scrutiny. Large companies persist in this economy, which suggests that there are some advantages to being big.