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It’s State Capitalism. We know it works when the state knows what to do and picks correctly, but when you reach the forefront, it becomes harder to know the pat
by chillacy 8y ago
It’s State Capitalism. We know it works when the state knows what to do and picks correctly, but when you reach the forefront, it becomes harder to know the path forward and individual businesses incentivized by profit can do a massively parallel search. So goes my thinking.
https://en.m.wikipedia.org/wiki/State_capitalism https://en.m.wikipedia.org/wiki/State_capitalism