Putting aside the matter of competency for a moment (which I think is being too oversimplified in this discussion), this kinda touches on a positive feature of a free market. Which is that large organisations are by nature less efficient than smaller ones. This gives rise to the possibility of disruption and innovation. The ability to innovate quickly is generally what gives startups over well financed established players. If it weren't for this, then we would see antiquated businesses declining, and innovative startups rising from their ashes.