2 ms·
Production systems based on ownership and monopolistic exclusion of knowledge are "anti-resilient". i.e. the opposite of "anti-fragile". They start off strong,
by kmeisthax 4y ago
Production systems based on ownership and monopolistic exclusion of knowledge are "anti-resilient". i.e. the opposite of "anti-fragile". They start off strong, because having exclusive ownership over knowledge is a capital subsidy. Then they weaken: less competitive firms are knocked out of competition, and because they own the knowledge behind their work, the work is lost as well. By the end of this process you have one or two surviving companies that own everything and can make their own problems the market's problems.
- jontrossbach 4y agoVery well said.