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Game On – Big Corporations Are Harmful to the Free Market
- avmich 6y ago> We need to break them up into discrete businesses. Ok... > Each with their own independent CEO and board-of-directors. Can be done. > Each pursuing a single line-of-business. Harder. Forbid adding new lines-of-business? And what's the definition of line-of-business? Adding a small feature on a top web page could be one, right? > Each free from any conflict of interests, and potential for collusion. Even harder. Conflicts arise all the time, big and small. Potential is harder to squish, especially when you want to preserve potential to improve. > Each large enough to run their own business successfully and efficiently, but small enough that they don’t have the power to bribe Congress, bully smaller competitors, collude across different market segments, and rewrite the rules of the game. Can "small enough" be too small to be "large enough"? What would be a divider? > Each operating independently, in a free and competitive market. That's the goal. What's hard is to have rules to codify as laws. Current situation when markets tend to slide into duopolies is clearly not good enough. Should we limit market share to, say, 25% starting with market of, say, 1000 average annual salaries? What - and why - can we put into law to somehow improve the situation?