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In a healthy free economy, talented people are quickly recognized and quickly brought into the loop. In an unhealthy controlled economy, you must know the right
by vannevar 15y ago
In a healthy free economy, talented people are quickly recognized and quickly brought into the loop. In an unhealthy controlled economy, you must know the right people to be allowed into the loop and the people allowed into the loop are rarely talented.
The human tendency toward cronyism is universal. One could just as persuasively argue that FTC regulations and 'market-warping' affirmative action have made the economy healthier and freer for all.
- maratd 15y ago> The human tendency toward cronyism is universal. It is. However, it seems to be at the greatest magnitude in large structures. Whether those large structures are governments or corporations is irrelevant. Keeping things small is the best recipe for equity, not grand schemes of redistribution.
- vannevar 15y agoI'd agree with this, but very few others on either side of the political spectrum acknowledge it. In the absence of reform to check unbridled corporate growth, we're left with the choice of 'grand schemes' or nothing, and history suggests inaction would be worse.