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Peter Thiel: “There are a lot of very granular questions that we need to be asking [about global trade and specifically US-China trade.”
Granularity is a measure of the degree of specificity at issue. As Henry points out, this is a metaphor.
How big a grain size do you want? You can speak of fine-grained, medium-grained, or coarse-grained analyses or details. Fine-grained means that many minor details are accounted for; coarse-grained means it’s a Big Picture, with lots of generalizations and few details.
Being specific is not always so important as having just the right granularity.
Answer by John Lawler
A source: Stack
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How Higher Costs Help the Biggest Companies - Peter G. Klein
Does any business like higher costs? Does any company like increased regulations, whether good or bad, which make it more difficult to operate? Does any company want a government that does this type of thing, and will support such a government?
Yes, in a competitive market, those types of difficulties benefit the biggest companies, who have the resources to do these things easily, and which will make business relatively harder for their smaller business competitors who might even go out of business. It’s in their interest to support governments who promise and execute these types of governmental actions, making it costlier to do business.
Economist Peter G. Klein, speaking at a recent Mises podium, gave some examples of this:
“Walmart can easily afford to design the parking lot in a certain way to make sure there are no steps as you enter the store. It’s easy for Walmart to do, and of course Walmart Corporation has hundreds, maybe thousands, of attorneys and compliance officers and all sorts of folks who specialize in understanding the regulations and making sure the firm is in compliance. Mom and Pop stores don’t have that. They can’t afford to build a ramp instead of stairs. They can’t afford to re-pave their parking lot. They don’t have a lawyer on retainer who can help them decipher the latest requirement of the Americans with Disabilities Act.
“So large companies often lobby for more regulation, for stricter government requirements on disclosure and so forth, because they know they can afford it and their smaller, newer rivals cannot afford it.”
