By Emily Stewart Jun 30, 2021, 8:00am EDT. "A lot of people in Congress say they are pro-business, but what they really mean is pro-big business," Bharat Ramamurti, the managing director of the corporate power research program at think tank Roosevelt Institute, told Vox. Companies like Facebook and Uber say they’re supporting small businesses while squashing them. Small business advocates argue this has continued during the pandemic, with aid shaped by massive companies' desires. Govindarajan and Srivastava say that larger companies' superior lobbying power historically helps them get subsidies and concessions during economic downturns. Big companies have a much harder time providing that authentic experience, whereas small businesses tend to thrive on it. In some ways, big businesses have been able to thrive simply because they can give customers whatever they want to buy, cheaper and quicker than the competition.īut, blaming customers' choices for small businesses' demise ignores two of major factors - their cozy relationships with the government and financial institutions.Īn Associated Press analysis found that bigger businesses disproportionately received Paycheck Protection Program companies first, thanks to pre-existing relationships with banks. Account icon An icon in the shape of a person's head and shoulders. According to the IRS, a business with assets of 10 million or less is considered a small business, while one with more is recognized as midsize to large.
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