4 ms·
Most of these large corporations are large because of government interventions. Articles of incorporation are a legal concept granted by the state. The investm
by aww_dang 5y ago
Most of these large corporations are large because of government interventions.
Articles of incorporation are a legal concept granted by the state. The investment landscape is distorted by gov. interventions in the market. Access to investment capital, regulatory capture, Cantillon effects and other factors favor large corporations over the small.
In a truly decentralized market environment, large players and monopolists would have greater difficulty competing with new entrants.