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>> I'm a big believer that a business must have an owner. >Surely you are also a big believer that a country must have a king. If not, why not? No, I believe that monarchies are weak, and risky. There might be modern day monarchs doing best for their realms, but the chance that after 3-4-5 good successions will come a man "who wrecks it all" is just too high. This is what history has demonstrated. In case of business, the risks are not human lives. In case of a failing business, an employee is free to vote with his feet at any moment, moreover if he is valuable specialist in a competitive market. In such circumstances, business owners are compelled to do well do deter desertions. This is in big contrast to command economies dominated by state businesses. Speaking about command economies, that not necessarily assumes communists countries - just how much of F500 a decade ago were de-facto state co's? GE - with net negative tax rate, GM - needs no explanations, defence companies - being de-facto one with their states in every country, agri businesses with roots in banana republics, dozens of megabanks kept alive by financial life support from taxpayers. |
> In case of a failing business, an employee is free to vote with his feet at any moment, moreover if he is valuable specialist in a competitive market.
A non-democratic economy works for certain people under certain circumstances. That is simply not enough.
Equating democratic elections, the act of freely chosing how you run your society, to what amounts to fleeing a sinking ship is beyond ridiculous. So is calling the US a command economy.