In capitalism, competition is on a higher level of abstraction than the employee’s (even the CEO)’s performance. The entire company will go up or down accordin

In capitalism, competition is on a higher level of abstraction than the employee’s (even the CEO)’s performance. The entire company will go up or down according to output, even if due to external circumstances. Capital gets reallocated to better performing companies. Examples: IBM, HP, Dell went from dominating to the doghouse; Microsoft made excellent strategic choices and remained relevant; Apple went from the doghouse to dominating, and so on. This filters down to the employees. There is much more turnover and harder work (and higher pay) in private companies than at the government.