2 ms·
That trend toward centralization and aggregation is mirrored in wealth, influence, and matter. Barring outside intervention, returns on capital will outpace ret
by sooheon 7y ago
That trend toward centralization and aggregation is mirrored in wealth, influence, and matter. Barring outside intervention, returns on capital will outpace returns on industry, businesses will monopolize, and water will flow downhill.
Because it is so natural, those who would oppose these forces are motivated to do unnatural things like blog, protest, legislate, regulate... Governments redistribute wealth, hold antitrust hearings, and people write blog posts like this one. I agree with you, unless we find a way to fundamentally alter incentives, effort spent toward decentralizing is effort spent swimming upstream. Of course even in streams that eventually end up in the sea, there's a lot of activity in eddies.