I like the direction but some things are difficult to imagine happening at all without extremely large companies.
I have wondered before about restricting a company’s diversity. Effectively giving a time limit after a company over a certain size develops a new line of business by which it must be spun off into a new company. Say 12 or 18 months.
For example, Apple would have been allowed to develop and launch Apple Music but it would have been forced to spin it off.
The rule would need to be carefully crafted, and would need regulators to be active in enforcement as it would require interpretation to be applied (similar to how anti-trust works today, perhaps).
Is it really that hard to imagine "large companies not diversifying"?
Large companies diversifying is the unnatural thing. Why on earth should Apple do music, or Amazon do video? It's manipulating their monopoly positions, it's almost inherently anti-competitive, etc.
Just because antitrust in the US at least is so wimpy (exclusively looking for "consumer harm") there's no reason sane antitrust couldn't also protect ... competition itself, in the form of smaller players etc.
I don't think there's a single industry that merits the bloated conglomerates that rule the earth today, whether it's mining, autos, chips. It's just that capitalism inherently centralizes, and capitalism runs the show.
I have wondered before about restricting a company’s diversity. Effectively giving a time limit after a company over a certain size develops a new line of business by which it must be spun off into a new company. Say 12 or 18 months.
For example, Apple would have been allowed to develop and launch Apple Music but it would have been forced to spin it off.
The rule would need to be carefully crafted, and would need regulators to be active in enforcement as it would require interpretation to be applied (similar to how anti-trust works today, perhaps).