Large Companies Considered Harmful · There’s a plausible case that capitalism per se isn’t the problem. Concentration is: Variations range from “too big to fail” to good old-fashioned monopoly. It’s painfully obvious that the acquisition of one monster telecom or bank or airline by another does neither their customers nor the economy as a whole any good. It’s tough to write anti-monopoly law, because how do you quantify market power? However, you can quantify size. So let’s use that as a club to bash away at the problem ... [14 comments]
