Are there other industries that are "too big to fail"? What if all companies had limits on their size (whether that's region, market cap, or whatever)? The number of companies that exist might grow as big companies spin off divisions or new companies try to serve demand unmet by a size-limited company. More companies would mean increased competition, limiting abusive monopolies and corporate lobbying.
This system might be an example of local inefficiencies that lead to a healthier whole. Big companies are supposed to benefit from "economies of scale", but are there any big companies that are not the wasteful, ineffective bureaucracies featured in Dilbert?
> Are there other industries that are "too big to fail"?
What about governments?
If there are companies that are "too big to fail" and therefore should be broken up, surely the US govt should also be broken up. (CA's govt may qualify as well.)
Good point. I would support that. The US government was designed to be a federation of state governments, but power hunger interests have twisted the definition of "federal" government so as to consolidate power. :\
This system might be an example of local inefficiencies that lead to a healthier whole. Big companies are supposed to benefit from "economies of scale", but are there any big companies that are not the wasteful, ineffective bureaucracies featured in Dilbert?