The Balance of Power

44 thoughts
last posted Dec. 8, 2015, 3 a.m.

5 earlier thoughts


On the flipside, we have this piece from Valve's resident economist, musing on the nature of corporations as one of the least market-driven elements of nominally market-driven societies.

The discipline of the market is a truly wonderful thing (in cases where we can figure out how to design the market appropriately), yet much corporate activity seems expressly designed to bypass that discipline (especially acquisitions and mergers to grow into monolithic autocratic mega-corporations).

38 later thoughts