Removing legal and financial protections, not to mention the concept of "too big to fail", would help quite a bit.
Consolidating companies into a few massive corporations centralized power, but it also centralizes risk. They'd be more careful, and may even be unwilling to risk the treadmill of endless acquisitions if each addition adds more risk and liability.
Yeah, over-consolidation leads to fragility, and to market abuses, and together those make it not really worth the efficiency gains of shedding "redundancies". Redundancies are often good for robustness...
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I’m increasingly of the opinion that companies flat should not be able to buy each other, though I’m not exactly sure how that would work.
Removing legal and financial protections, not to mention the concept of "too big to fail", would help quite a bit.
Consolidating companies into a few massive corporations centralized power, but it also centralizes risk. They'd be more careful, and may even be unwilling to risk the treadmill of endless acquisitions if each addition adds more risk and liability.
Yeah, over-consolidation leads to fragility, and to market abuses, and together those make it not really worth the efficiency gains of shedding "redundancies". Redundancies are often good for robustness...