2 ms·
Excellent observation. Setting "preserving XYZ corporation" as a national priority is focusing on the wrong thing. Corporations are temporary constructs formed
by mrandish 2y ago
Excellent observation. Setting "preserving XYZ corporation" as a national priority is focusing on the wrong thing. Corporations are temporary constructs formed out of combinations of resources (human, capital, IP, etc) to organize and maximize the value of those resources.
If we really care about fostering and furthering these resources, we need to free them from being held captive, under-utilized and mis-allocated inside a repeatedly failing corporation - not propping up failing corporations. If the resources in question really are both viable and valuable, releasing them will allow the free market to do what it does best - efficiently allocate resources.
No central planning committee created U.S. economic leadership by picking which corporations to subsidize, so no central planning committee can "preserve" or restore that leadership by picking "winners" to subsidize. We need to let Schumpeter's creative disruption keep doing it's job of cleansing, educating and renewing the market through re-allocation of resources. That's what put us in the lead and it's what will keep us there.