An article in the current Liberty magazine makes much ado about
how the top 500 companies in the US have had a declining share of
assests and emplyees. Ie, the top firms over time represent less
of the economy - wealth seems to be created more and more by medium
and small companies.
Any reasons why the economy is "decentering" - is it the rise of
small hi-tech firms or is it some more fundamental process like more
complex and wealthy societies can demand and support a wider variety of
firms?
-fabio
PS It is interesting to note that concentration as measured by firms
seems to be decling, while income gaps become larger.
