It is an inherent contradiction in capitalism that, to be totally successful, it must become monopolistic, and therefore be a total failure at the same time. IPE reports that the FCA says that there is weak competition in real estate asset management, but then says that pooling might be the answer. Economies of scale, perhaps, but is this the right way to promote efficiency, by forcing more and more people into the arms of fewer providers? Is there instead a role for a competitive disrupter? Answers please on a postcard welcomed at the FCA.....