Multinational Small Business

Nick Szabo's 1993 essay argues that multinational business, now dominated by large corporations, may soon approach the size distribution of local business as telecom and transport costs fall. He names barriers including complex legal jurisdictions, language and culture, and telecom and transport costs. He proposes that jurisdictional independence tools such as strong encryption, digital cash, and proxy servers could help small firms, and that government intervention costs the global economy over $3 trillion U.S. dollars annually. He also suggests that English is becoming the de facto business language and that bottleneck tool providers may gain the most wealth.