[francisofascii]

> But they have an incentive to make decisions on merit otherwise they would go out of business and be out-competed.

Yeah, you would think so. To some extent you are right. But I think corporations are still very inefficient and get away with promoting or hiring less than ideal candidates. Why do they not get out-competed? Because the competition is also flawed in similar ways.

[esyir]

Well, to provide a different case, compare the situation of the US corporate space to the US government. Both are flawed efficiency wise, but boy does the one with no incentives behave as expected.