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That's about one of the best nutshell arguments against the philosophy. I think another is risk, where the bigger the businesses or organizations are, the more potential they have to cause harm (intentionally or no) and to a much greater degree. The bank collapse late last decade is a good example.
The one is contained within the other; you're right in that risk scales but libertarianism is basically a mercantilist approach to feudalism anyway. That was one of Piketty's biggest conclusions: without economic protectionism, you will end up with a feudal economy.