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People tend to prefer an unregulated market, when they are challenging an incumbent industry. When they become the dominant one, they kick the ladder down.
by kmfrk 12y ago
People tend to prefer an unregulated market, when they are challenging an incumbent industry. When they become the dominant one, they kick the ladder down.
- baddox 12y agoWhich makes perfect sense. It fits all the incentives and options available to firms of various sizes.
- TeMPOraL 12y agoThose at the top have more enemies than those at the bottom. When you're on the highest rung of the ladder, everyone below you will plot to depose you and take your place. At the bottom of the ladder it's easy to live in chaos, sometimes the chaos is even your friend, as it can propel you up the ladder. When you're close to top, you have too much enemies to deal with, so you need to create structural solutions that will let you focus on doing something else than just not getting shot down. This applies equally to companies and to revolutions. (and this makes me wonder how will the life of Frank Underwood fare in the third season of House of Cards)