4 ms·

I think the solution to most problems in the economy is to limit how big companies can get.

• quotemstr 9y ago
  Competition keeps organizations honest. It forces them to conform their beliefs to reality and discard whatever is incorrect or counterproductive. It's the only mechanism we've found in thousands of years of institutions that preserves the valuable correspondence between belief and truth. When an organization becomes big enough that its survival ceases to depend on the correspondence of belief with reality, other concerns take over: usually, primate-hierarchy status games. And these games escalate until the organization fails or people die, depending on the organization.
  • rootusrootus 9y ago
    Competition does not exist when companies get so large they own the whole market.
    • quotemstr 9y ago
      That's my point.
  • avip 9y ago
    Concerns s.a primate-hierarchy status games, antitrust laws, and so forth.