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by clock_tower
3257 days ago
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The failure mode of a big company is the same as that of a communist country, too: elite disconnect with real conditions, then stagnation, then bankruptcy, then horrible effects for the places that were dependent on it. Look at Seattle in the '80s, Moscow in the '90s, or Rochester, NY after Kodak fell. The German model, where the employees' union is guaranteed a seat on the board of directors, is probably a healthier way of structuring a BigCo; often the workers can see which way the wind is blowing when the executives can't. _Were You Born on the Wrong Continent?_ is the book to read here. |
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