Table 2 Individual Adaptation Strategies to Over-accumulation Crisis and Their Predicted Collective Effect on Economic Growth
From: Capitalism as a complex adaptive system and its growth
Strategy | Predicted collective growth effect |
|---|---|
(i) realizing additional scale economies by mergers & acquisitions | the smaller, the more mature industries are |
(ii) reducing labor and/or regulation costs by off-shoring production | the smaller, the more mature industries are |
(iii) improving standardization, automation, and/or resource efficiency | depending on the circumstances of the industries |
(iv) diversifying goods and services which compete with existing offers | the smaller, the more saturated the markets |
(v) invading markets still dominated by customized handicraft production | substantial, but not repeatable |
(vi) opening up ever new domains of life for mass produced goods and services | substantial |