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Well in one sense "managers capitalism" isn't capitalism at all. It's the principal-agent problem in the extreme. The basic point of capitalism is to distribute
by mcrad 8y ago
Well in one sense "managers capitalism" isn't capitalism at all. It's the principal-agent problem in the extreme. The basic point of capitalism is to distribute power and decision making as much as possible. That's called a market. Those who argue that Google has the better strategy don't really understand the ethics of business and its role in society. Sure, if you're trying to "win the game" be more like Google. If you're trying to make capitalism proud, be Apple. Probably a socialist anyway!