Monopoly power is and remains a huge problem in the global economy. But the news of the last week has me wondering whether we have reached what might be called “Peak Big”: a new limit to the advantages of size.
If you think about recent news stories, from Donald Trump’s China tariffs, to the Facebook privacy scandal, to recent market volatility, the common thread is that all things large are under threat.
Big countries and regions, such as the US, China and the EU, are most at risk from a trade war. Should there be more extensive tariffs, companies with the biggest market capitalisation would most likely be hit hardest.
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