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yes, it did a poor job of plainly spelling out the rationale, but not of putting gov and corp on equal footing here. (tech) giants might be successful, but the
by clairity 5y ago
yes, it did a poor job of plainly spelling out the rationale, but not of putting gov and corp on equal footing here.
(tech) giants might be successful, but the point is that they’re not as successful as they could be if they were loosely federated, more focused, independent companies. firms consolidate beyond the point of maximal economic benefit because of other reasons (at root, for power & status). the (lost) point being that this is suboptimal from a strictly economic perspective (same for overgrown governments).
- didibus 5y ago> but the point is that they’re not as successful as they could be if they were loosely federated, more focused, independent companies I didn't see that point being made, I only saw it being affirmed without substantiated reasons. Why do you believe they aren't as successful in their consolidated state as they would be in a seperated state? What data, annectodes, rationale, experiments, experiences, etc. lead you to believe this to be a generalized truth? > but not of putting gov and corp on equal footing here Same thing, I saw nothing to justify why whatever may be true of corporations somehow would similarly apply to a different context such as governments. Why do you believe that what is generally true for a corporate model would be for a government? What data, annectodes, rationale, experiments, experiences, etc. lead you to believe this to be a generalized truth? And in both cases, are there exceptions to these truths? Are their circumstances that are required for them to hold? And if you're not going to walk me through the proof, at least make a case for why I should trust your assessment. Who are you and how much time and effort did you spend evaluating this? Did you do so in good faith? What did you do to make sure you challenged your pre-conceptions and didn't fall pray to bias? Did you have other people review your assessment? Were they themselves deep thinkers on the same topics? Do you have skin in the game? Did you test your theories in any way? Etc.
- clairity 5y agothere’s a whole branch of economics on this very subject: theory of the firm[0]. one of the bad parts of the essay was assuming familiarity with this line of economic research. [0]: https://en.wikipedia.org/wiki/Theory_of_the_firm https://en.wikipedia.org/wiki/Theory_of_the_firm