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> Einstein talks of a planned economy towards the end. It's easy to see how someone in 1949 might think it's a good idea, but in 2023 the idea seems antiquated
by avgcorrection 3y ago
> Einstein talks of a planned economy towards the end. It's easy to see how someone in 1949 might think it's a good idea, but in 2023 the idea seems antiquated. All of the major economies are largely not planned.
AAPL? MSFT? AMZN?
A large corporation is internally a planned economy. Why do they keep outcompeting small businesses?
- shrimp_emoji 3y agoMarket capture and high barrier to entry to producing the same caliber of service/product, particularly given network effects. These are not good examples.
- avgcorrection 3y agoBad examples of what? It doesn't matter why big corporations keep outcompeting small businesses. They simply do. Thus “planned economies” are still a thing, not something “antiquated”. It doesn't matter if you think that these are caused by impurities in the system.
- stkdump 3y agoInterestingly though, the extent to which big corporations outcompete small business is different in different economies. For example in Europe a much larger part of the economy is driven by small/medium business than in America.