Debates about inequality often focus on inequalities between people. But what about inequalities between firms?
Recent decades have seen the emergence of giant, multinational firms – the FAANGs of this world. But over 40% of registered businesses in the UK have less than 10 employees.
What do we mean when we talk about inequality between firms? Are inequalities between firms limiting UK business dynamism? And do governments need to step in and enforce competition rules?
Joining us this episode are John Van Reenan, Ronald Coase Chair in Economics and School Professor at the LSE, and Amelia Fletcher, Professor of Competition Policy at Norwich Business School.