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Large companies game pretty much everything, thanks to things like regulatory capture and the fact that they have the resources and the incentive to do so. I'm
by cwyers 11y ago
Large companies game pretty much everything, thanks to things like regulatory capture and the fact that they have the resources and the incentive to do so. I'm coming around to the idea that as a philosophy, capitalism doesn't work in the face of companies past a certain size (Adam Smith thought that they would be too inefficient to survive, which is why he didn't pay them too much mind). I don't know what to do with this thought though.