New installment in the series “Local Mafia proven more correct & effective than centralized, political organizations”https://twitter.com/mat_johnson/status/1225581581789614080 …
He thinks he's making the point "corporations can be as bad as the Mafia" but the point he's actually making is "Incentives matter in governance design" - which nets out to "democracy sucks because no one owns it, feudalism is superior"
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The corporation is under selective pressure to provide profits to shareholders, which implies pressure to satisfy customers - who are democratic governments *that are incapable of making good decisions due to broken incentive structures*
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Local mafia kingpin wants good food because of his own incentives and gets it. Democratic governance has no incentive to want good food so if it purchased it it would be by by accident and represent an inefficiency by the provider.
End of conversation
New conversation -
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