3 ms·
> permitting special interests, cronyism, and incompetence to flourish. We in the marketplace (minus Industrial Military Complex) have no such protections, and
by wonderzombie 13y ago
> permitting special interests, cronyism, and incompetence to flourish. We in the marketplace (minus Industrial Military Complex) have no such protections, and actually have to produce value to make a living in a fair exchange of goods and services.
Cronyism and incompetence may or may not be inversely correlated with success, but the market does not select against those traits, specifically.
To abuse a metaphor: as a business, you don't have to outrun the bear. You don't even have to outrun the other guys. And businesses are, in the end, run by collections of irrational-in-aggregate human beings.