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Big corps are still hierarchical bureaucracies. They are replaceable in theory though not in practice. Funny that you mention car manufacturers which are consis
by dsego 7y ago
Big corps are still hierarchical bureaucracies. They are replaceable in theory though not in practice. Funny that you mention car manufacturers which are consistently kept afloat by bailouts and subsidies in the current economy. VW can't go under, it would nosedive the economy of Germany and they would never let that happen. Workers without jobs aren't really good consumers.
- zozbot234 7y agoBig corps get replaced all the time. It's a slow process, but it's effective. And even if they aren't replaced outright, the management can be replaced if the board so decides - the top layer is in fact "democratically managed" by their stakeholders, to the extent feasible. The problem is that even then they're still big, with no market discipline operating within.