this post was submitted on 30 Oct 2026
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Centralisation is generally more efficient due to various economies of scale such as fixed capital costs, greater division of labour and larger R&D budgets. Since centralised facilities are more efficient, they will gradually outcompete and buy out / drive out smaller competitors. There are two ways to deal with the negative consequences of this tendency - (1) give smaller competitors an advantage by breaking up / penalising the largest ones, or (2) bringing the largest competitors under public control through nationalisation. But the centralising tendency itself is a sort of natural economic law that applies under most conditions.
This is a consequence, not a cause.