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…but size isn't really what matters
The return of the giants could well be a boon for the world economybut only if business people and policymakers avoid certain pitfalls. Businesses should not make a fetish of size, particularly if this means diversifying into a lot of unrelated areas. The conglomerate model may be tempting when cash is hard to find. But the moment will not last. By and large, the most successful big firms focus on their core businesses.
Policymakers should both resist an instinctive suspicion of big companies and avoid the old error of embracing national champions. It is bad enough that governments have diverted resources into propping up failing companies such as General Motors. It would be even more regrettable if they were to return to picking winners. The best use of their energies is to remove the burdens and barriers which prevent entrepreneurs from starting businesses and turning small companies into big ones.

A. 어휘
what matters 중요한 것은. the giants 거대회사. boon 은혜, 선물, 고마운 것.
avoid 피하다. pitfall 陷穽(함정). fetish 物神(물신), 맹목적 숭배의 대상.
make a fetish of 맹목적으로 숭배하다. diversify 투자의 대상을 넓히다, 다양화하다.
conglomerate 기업집단, 集塊(집괴). tempt 유혹하다. by and large 대체로.
core 핵심. resist 저항하다. instinctive 본능적인. suspicion 의심.
embrace 끌어안다. divert 전환하다. prop up 떠받치다.
pick 싸움을 걸다, 뜯어먹다. barrier 장애물. entrepreneur 기업가.

B. 구문
- It would be even more regrettable . . . return to picking winners.
[만약 실패한 회사가 돌아와서 성공한 회사에 싸움을 건다면 훨씬 더 유감스러운 일이 될 것이다.]