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> Markets are the opposite of top-down linear design. Markets are but corporations are private bureaucracies. Some of them gigantic. All but a few managed like
by mikojan 7y ago
> Markets are the opposite of top-down linear design.
Markets are but corporations are private bureaucracies. Some of them gigantic. All but a few managed like a dictatorship. Adam Smith lived in a world in which a single person producing goods and selling them on a free market was something at least thinkable. We've come a long way since then.
- Fellshard 7y agoWhat? On the inside, yes, the company is structured. The market is not that corporation, though; the interaction of that bureaucratic entity with other entities is the market, and that interaction is far less artificially constrained.