Would steel consumers be better off if the largest steel companies were broken in to smaller pieces?
This would destroy economies of scale and cause the price of steel to skyrocket. It would send the entire economy into a tailspin.
Low margin, large scale businesses are highly efficient from an economic standpoint. Doing anything to hurt these businesses would be disastrous to the economy. We want to encourage efficiency, not punish it.
This would destroy economies of scale and cause the price of steel to skyrocket. It would send the entire economy into a tailspin.
Low margin, large scale businesses are highly efficient from an economic standpoint. Doing anything to hurt these businesses would be disastrous to the economy. We want to encourage efficiency, not punish it.