Daniel Lakeland on Nostr: First how does the insight work. To them, an "industry" is a group of people ...

First how does the insight work. To them, an "industry" is a group of people cooperating together to produce goods and services. The bicycle industry is welders, painters, truck drivers, engineers, quality control and inspection people, testers, marketing, and some ordering and logistics and bookeeping etc. Each person does something needed to get bikes into the hands of customers.

But suppose you're Elon Musk or whoever and you just buy 55% of the stock of some bike mfg.