It is less attractive because it penalizes both the short term and the long term financial players. But it is clear that an important and integral part of the new International Financial Architecture MUST be the control of speculative money in pursuit of ever higher yields. There is nothing inherently wrong with high yields but the capital markets provide yields connected to economic depression and to price collapses through the mechanism of short selling and through the usage of certain derivatives. This aspect of things must be neutered or at least countered. It depends where.
Geographical dispersion is absolutely irrelevant.
The problem is in the diverging self-interests of the various players. The more numerous they are, the more niche-orientated, the smaller the lesser the common denominator. A proof of this fragmentation is the declining power of cartels trade unions, on the one hand and business trusts, monopolies and cartels, on the other hand. Such diversity of interests is the lifeblood of the modern market economy which is based on conflicts and disagreements as much as it is based on the ability to ultimately compromise and reach a consensus. What needs to be done centrally is public relations and education.