See “The People’s Republic of Walmart: How the World’s Biggest Corporations are Laying the Foundation for Socialism” by Leigh Phillips and Michal Rozworski.
While the small business sector is an important source of economic dynamism, the success of the large corporation so constructed probably bears some thought.
You could look into what happened with Sears when the CEO, inspired by some of the thinking you’ve laid out here, tried a decentralized model: https://tinyurl.com/sears-collapse-harvard
See “The People’s Republic of Walmart: How the World’s Biggest Corporations are Laying the Foundation for Socialism” by Leigh Phillips and Michal Rozworski.
...
You could look into what happened with Sears when the CEO, inspired by some of the thinking you’ve laid out here, tried a decentralized model: https://tinyurl.com/sears-collapse-harvard
Oh, very interesting. I made a note to look into these more in the future but in the meantime, do you have any comments on it?
While the small business sector is an important source of economic dynamism, the success of the large corporation so constructed probably bears some thought.
Good point. I agree. Although I do think it is quite plausible that they are successful despite the poor structure rather than then because of it.
In particular, I’ve always suspected that asymmetric information explains a lot of their success: as a consumer, there’s a ton of options, it’s way too time consuming and frustrating to try to research stuff, so you usually just go with the safe big name option that you see other people using.
You aren’t the first person to notice this, no.
See “The People’s Republic of Walmart: How the World’s Biggest Corporations are Laying the Foundation for Socialism” by Leigh Phillips and Michal Rozworski.
While the small business sector is an important source of economic dynamism, the success of the large corporation so constructed probably bears some thought.
You could look into what happened with Sears when the CEO, inspired by some of the thinking you’ve laid out here, tried a decentralized model: https://tinyurl.com/sears-collapse-harvard
Oh, very interesting. I made a note to look into these more in the future but in the meantime, do you have any comments on it?
Good point. I agree. Although I do think it is quite plausible that they are successful despite the poor structure rather than then because of it.
In particular, I’ve always suspected that asymmetric information explains a lot of their success: as a consumer, there’s a ton of options, it’s way too time consuming and frustrating to try to research stuff, so you usually just go with the safe big name option that you see other people using.