> For example I think the world would be a better place if we had put into place laws early on in capitalism that would limit how many employees a company could

> For example I think the world would be a better place if we had put into place laws early on in capitalism that would limit how many employees a company could have to some smallish amount like 25 - 100 Most likely you'd see a very stagnant economy suffering from very high transaction costs. The interesting thing is what happens when transaction costs are reduced via regulation. Most jobs are strangely (probably deliberately) bespoke -- they're not defined by clear protocols with well-defined responsibilities and metrics. But if you can get impose efficient regulations than you will get, I suggest, lots of small businesses and freelancers looking to optimize value under efficient regulations. The interesting thing about Uber and AirBNB is not that they are ignore regulations but that they are increasing regulatory efficiency. Slowly but surely leading to two very important industries, transportation and lodging, are being decentralized via efficient regulations that invite all sorts of competition.