[sanderjd]

But businesses aren't states. If a business makes the wrong decisions, it can fail and be replaced. It is too dangerous for states to go through failure and replacement, but as you note, it's also bad for there to be no mechanism to punish of bad decisions. The goal of a republic is to bring the fail-and-be-replaced mechanism to state governance, but in a controlled way. But this is less efficient, so if it's ok (with respect to society at large) for an organization to fail, it makes sense to just use that mechanism directly.

There's definitely a loophole with "too big to fail" companies. Maybe those should be run more democratically. I'm not sure, I've never worked for a company that couldn't just fail if it persistently made the wrong call.

[lifeisstillgood]

Interesting comparison of business vs states. The thing is there are an awful lot of businesses larger than states.

Just take simple comparisons of population (I know I know) and the smallest states like islands have tens of thousands - of the 233 nations in the UN we reach only 100k people at 200, and companies like Bank of America employ more people than "real I have heard of them" places like Iceland.

So I like the idea of just letting companies fail - but putting half a million people out of work is pretty bad.