|
|
|
|
|
by thyrsus
1525 days ago
|
|
I work within an organization resembling this, and yet it has remained profitable for multiple decades. I forever wonder when the technical naked short options[0] will get called, but they never have in a serious way. My suspicion is that the chaos is S.O.P. among peer companies, so the market has never experienced a competitor not so hobbled. It may also be that controlling chaos is so expensive it's a non-obvious competitive advantage not to do so. [0] technical debt is when you have a plan to pay it down. A technical naked short option is when your plan is to hope the subsystem goes away before its deficiencies have catastrophic effects. |
|
You could run a super high valued company on just a handful of people, and society is just not ready for that. It's a case of technology advancing faster than human organisation and economic system, and the multiples are just too large, it's a big challenge for society to handle the impact.
So it's better for the organisations to be less efficient and chaotic, and to use dumbed down tools, overcomplicated solutions etc. This will fill the void created by the advancement in technology, so that the organisation can continue to function by at least resembling the traditional model.
You would need to significantly shorten the working hours in order to enable more efficient companies. Otherwise you'd get even more hyper concentration of wealth in a very short time.