Not sure how much there's left to disadvantage. Regulation, as a rule of thumb, benefits larger businesses. These days, the structural advantages larger busine

Not sure how much there's left to disadvantage. Regulation, as a rule of thumb, benefits larger businesses. These days, the structural advantages larger businesses have are huge. Many of them are on feedback loops. There're reasons we will soon see several companies pass the $1trn mark, reasons that aren't economies of scale.