Thinking about the downside of bigness
We have had a tradition in America, not always but mostly, of trying to avoid the perils of businesses that get too big. The most prominent example in our history was likely the passage of the Sherman Anti-Trust Act which became law in 1890. Though its primary target, twenty years later, became John D. Rockefeller’s Standard Oil Company—its original passage resulted from a growing public concern about the concentration of power in big business, the elimination of competition and the resultant driving up of costs to everyone else. Today, we are seeing big business on a new and ...
