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There may eventually be a slowdown of small business activity as ever increasing Panopticon-type surveillance proves a drag on innovation and profitability.
by dsq 5y ago
There may eventually be a slowdown of small business activity as ever increasing Panopticon-type surveillance proves a drag on innovation and profitability.
- adolph 5y agoYes according to Coase. Firms exist to economize on the cost of coordinating economic activity. Firms are characterized by the absence of the price mechanism. https://www.kellogg.northwestern.edu/faculty/hubbard/htm/research/ec174/lectures/3coase.htm https://www.kellogg.northwestern.edu/faculty/hubbard/htm/res...
- jl2718 5y agoBut there will be a huge increase in lawyers and accountants and lobbyists.