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by ksplicer 872 days ago
> All you'd do is add all the inefficiencies of politics into business-level decision making.

While I'm sympathetic to that line of thought, I feel like it ignores the reality that most business-level decision making is already inefficient and political. Where is the competition and fairness when a sustainable business is bought out, prices increased and development halted to wring out every bit of value, and then sold off for parts to competitors when no profit is left? There are so many common business practices that are actively hollowing out the free market.

1 comments

> While I'm sympathetic to that line of thought, I feel like it ignores the reality that most business-level decision making is already inefficient and political.

Far less than it would be under the proposed system. There's effectively a dictator after all.

> Where is the competition and fairness when a sustainable business is bought out, prices increased and development halted to wring out every bit of value, and then sold off for parts to competitors when no profit is left?

I never said it didn't have pathologies of its own, which is why I said that we have to ensure there's competition and fairness. Arguably, anti-competitive laws have not been properly enforced for quite some time.