Comment by wilkommen

I agree that regulatory pressure is a market force (I wish more people understood this), but I disagree that capital intensive things that must be done right can only be done by big organizations - quite the opposite. If the regulatory environment is strong and effective, small organizations can thrive even in pharma and aviation. If an industry is comprised solely of huge organizations, then when one becomes corrupted (like Boeing has, see the 737 MAX debacle) it becomes impossible to terminate that organization. Organizations that are too big to fail are too big to be regulated.