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That's the ideal conception of it, but practically, power also plays a very large role. Firms don't get to "try things" without lots of resources already, any n
by ruined 5y ago
That's the ideal conception of it, but practically, power also plays a very large role. Firms don't get to "try things" without lots of resources already, any novel startups may simply be acquired and assimilated or even shut down, large existing organizations are capable of sustaining failures despite market conditions, extra-market rules may be implemented by firms with political access, and if enough of the supply enforces a choice, consumer interest doesn't matter and may even adapt to what is available.
- postoak 5y agoI agree with you, but in evolution there are also power differentials due to organism size/features or population leading to some organisms/species having an advantage at a certain point in time. I think this could be considered analagous (not exact mapping) to corporation power at a given time.
- bordercases 5y agoThese appeals to power are disconnected from the selection pressure given in the original proposition though, which was based solely on consumer choice, and which would have been more relevant to the original idea of lifestyles being designed vs spontaneous.
- ruined 5y agosure, but if you're going to admit that classical evolutionary pressure is not present, and the market is designed by the players, you've conceded it's a planned economy.