3 ms·

I'm saying public companies -as in trading in the stock market- (and to a lesser extent private ones too) and corporate culture is very similar to communist gov

I'm saying public companies -as in trading in the stock market- (and to a lesser extent private ones too) and corporate culture is very similar to communist government. Schumpeter said something in the lines of "it's ironic that in democratic free-market countries most economic activity happens under hierarchical top-down organizations".

dragonwriter 5y ago
> Schumpeter said something in the lines of “it’s ironic that in democratic free-market countries most economic activity happens under hierarchical top-down organizations”. It’s only even slightly ironic if you ignore that “free-market” is the capitalist euphemism for a society whose structure is top-to-bottom regulated (largely, through the exact shape of the imposed definition of “property rights”) around principals engineered and fought for tooth-and-nail over centuries by the capitalist (née mercantile) class to allow their heirarchical top-down organizations to replace those of the feudal aristocracy as the main driving force in society.