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The proposal should be extended to all "too big" companies. Big companies combine the worst characteristics of state-owned and privately-owned enterprises. On
by rumcajz 14y ago
The proposal should be extended to all "too big" companies.
Big companies combine the worst characteristics of state-owned and privately-owned enterprises.
On one hand, large amount of small shareholders makes them similar to state owned companies (in which everyone is a shareholder) with all the associated bureaucracy, parasitic management class, pathological incentives etc.
On the other hand, being private they lack even the weak control mechanisms that democratic societies impose on state-owned companies.
- jwallaceparker 14y ago> The proposal should be extended to all "too big" companies. So break up Apple? Break up Amazon? Break up Paramount? > On the other hand, being private they lack even the weak control mechanisms that democratic societies impose on state-owned companies. They have the control mechanism of the marketplace. Doesn't this work beautifully for the big companies like Amazon and Apple? Provide a good product/service or fail.