Superstar Firms and the concentration of corporate power – getting out of hand?

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The forces driving the surging growth of superstar firms look set to persist. If these firms’ wings aren’t clipped by regulatory or consumer reaction, their increasing market dominance could exacerbate already mounting societal divisions. New technologies have led to a concentration of corporate power as the winners win big and losers are left by the wayside. The phenomenon of superstar firms and corporate power is undoubtedly part of the explanation for disruption at the ballot box. If the next wave of technological change exacerbates these tensions, political institutions may be unable to cope with the consequences.

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