Although big companies aren’t as efficient as they claim to be, there is no doubt they make a lot of money. How they do it, is more about the use and abuse of market power and the ability to take advantage of offshore tax avoidance strategies than anything most smaller…

In my previous articles I’ve been critical of the domination of markets by very large companies. Your response might well be, “so what? The fact is these big companies are more efficient and that’s good for us as consumers isn’t it?” Possibly, but not for us as taxpayers. As ever…

Economists have for too long allowed their desperate attempts to be considered more ‘science-y’ than the other social sciences to blind them to what is happening all around us. Namely that market structures which are made to look like a natural inevitability are actually design choices; made by powerful individuals…

Everyone ‘knows’ how survival of the fittest works in business: big companies are the fittest by the very fact of their existence. If they weren’t the best they’d go bust — they’d die. But companies are not creatures and many companies don’t out-compete their competitors, they simply buy them. In…