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[3] There need to be some number of big companies to acquire the startups, so the number of big companies couldn't decrease to zero.

No there don't. There only needs to be some number of entities with deep pockets and marketing expertise. Those entities could be small companies and individuals, or networks thereof.

While it might turn out that a large black-box structure like today's multinationals is the most efficient organization for accomplishing certain important tasks, it doesn't seem obvious to me that it must be so.

Michael Sullivan



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