Choice Quote by Ro Khanna
“If you look across the economy, if you have multiple players in an industry, you have more customization, more innovation, greater choice for consumers. The more you have consolidation, the less likely you are to invest in innovation. It becomes all about driving down cost and mass production. And that's not good for innovation in an industry.”
About This Quote
Source Speech: Economic Innovation Forum, 2023
Industry diversity drives customization, innovation, and consumer choice, while consolidation stifles investment and favors cost‑cutting.
In simple terms: More competitors boost innovation; fewer hurt it.
Key Takeaway
Promote competition to sustain innovation.
Themes
economics
innovation
competition
consolidation
Mood
analytical
strategic
Type
policy
business
When to use this quote
- policy making
- business strategy
Key Concepts
market structure
consumer choice
R&D investment
Questions to Reflect On
- How can policy encourage healthy competition?
- What risks do monopolies pose to innovation?
A Different Perspective
Consolidation can bring efficiencies that also benefit consumers.
