Consolidation is the inevitable outcome of free unregulated markets.
In our highly interconnected world, decentralization paradoxically requires a central authority to enforce decentralization by restricting M&A, cartels, etc.
Consolidation is the inevitable outcome of free unregulated markets.
In our highly interconnected world, decentralization paradoxically requires a central authority to enforce decentralization by restricting M&A, cartels, etc.
Is there a theorem that models this behavior? Capital feels like a mass that attracts more mass the larger it becomes, like gravity.