This is how startups succeed and take market share very quickly. A small number of highly paid highly competent people build something which is significantly cheaper and better than the incumbent because they aren’t weighed down by very large numbers of unnecessary people doing things poorly in the most expensive way possible.
Then the startup either gets bought by the incumbent who has existed so long they just have piles of money or the startup grows into a similarly inefficient monster.
It is a sign that there is something wrong with the game created by the economic and legal environment which tends towards a large proportion of useless work and barely adequate quality. I.e this is why we can’t have nice things and it’s not exactly clear how to fix it.
Constantly creating new companies to outcompete the old corrupted ones. In other words capitalism, the solution is to ensure that competition never dies. No country in the world has found a better solution to this.
I guess the problem currently is that the incumbents aren't actually getting replaced. Doing a good job is just a means for a small number of people to make an enormous amount of money while everyone benefits from their quality for perhaps a handful of years before they're bought out to be eaten or destroyed by the existing big players.
There is a problem with competing with big players for more than a few years because they figure out ways to push you out of the market before you can beat them, with only a few exceptions.
That is the problem with the environment which needs to be solved.
Then the startup either gets bought by the incumbent who has existed so long they just have piles of money or the startup grows into a similarly inefficient monster.
It is a sign that there is something wrong with the game created by the economic and legal environment which tends towards a large proportion of useless work and barely adequate quality. I.e this is why we can’t have nice things and it’s not exactly clear how to fix it.