I don’t think “efficiency” is the only priority. A few reasons: - market diversity matters, and we have a more functional market with many smaller actors - s

I don’t think “efficiency” is the only priority. A few reasons: - market diversity matters, and we have a more functional market with many smaller actors - similarly, a smaller local actor is more accountable for their behavior - efficiency comes mostly from cutting things, some of which mattered (eg, individual buyers at companies do more due diligence on the product than Amazon) - it’s better that every community have a local moderately rich person than one super rich person nationally, eg, in terms of charity to your community - politics remains local and hence tractable - smaller organizations have less of a “frozen middle”, which creates numerous problems with national scale organizations There’s probably more reasons if I really stopped to think about it.