Sometimes I look back and wonder if this last 30+ years of PE firms consolidating and eating up all of these mid sized companies is actually the reason things h

Sometimes I look back and wonder if this last 30+ years of PE firms consolidating and eating up all of these mid sized companies is actually the reason things haved trended towards very large corporations. As opposed to economies of scale etc. A large market cap is probably the best defense a company has against being bought out. It's almost like being a giant whale in the ocean as opposed to a fish.