Today, I piled up all the documents and materials about Economist. During the process of integrating seperated pieces, I found a very interesting question.
How to transfer understading of an article with eyes into that with ear?
Read aloud more so as to transfer phrases (chunking, not single words) familiar to my eyes into those familiar to my ears. This is a good way to accumulate vocabs so that less time will be spent thinking about their meanings.
Another way is to analyze components of a sentence. Even a sentence with 20 words may be divided into just 3-4 components. It saves storage of memorizing other key info.
Draw a tree in the brain to put each part of the article in certain position rather in a straight line which poses hard to recall them.
Listen very often.
As for the article itself, I do believe competition is great way to shake off an industry and to keep an open door for more fresh blood. However, the competition needs regulation in case it transfers into vicious circle. European regulators may not own those retailing banks. So they can keep a balance between entrants. In China, when it comes to state-owned enterprises, the nation wants to kick-start competition while makes sure the survival of state-owned enterprises. Take Didi, Uber and state-owned taxis companies as an example. Government welcome Didi and Uber to join this market to shake off traditional Taxi market. However, when its companies are threatened by those new-comers, they stood to interfere. Therefore, it's lean times for Uber drivers now.
The same is also true with the competition between national banks and WeChat and AliPay payment, who charge extra fee for withdrawing money out of it. This is partly due to pressure from government to keep its own banks.
Another kind of competition is just like what the article mentioned between Meituan and Eleme, between Mobike and Ofo. Competition enables customers to benefit from better service with discounts for a certain time. But, under predatory pricing, some brand may evolve to take up the major part of market, leading to rise of price.
