There is a repeated pattern in economical development, which consists of (1) innovation, which creates new products/markets, (2) expansion, which generates new

There is a repeated pattern in economical development, which consists of (1) innovation, which creates new products/markets, (2) expansion, which generates new companies, perfecting new products, (3) competition between new companies, which reduces profits of new companies, (4) merges of companies into a small number of big companies (5) monopolistic markets. What would be beneficial is to address negative aspects of this cycle. Maybe merges should be controlled, to a large extent; maybe something else would be better.