However much you like loyalty-based social institutions, they're still burning down to the ground.
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Yes but just think of the auditing requirements to ensure the CEO isn't covertly undermining any single piece of the chain that's supposed to be restraining him. Without the courts, SEC etc that have authority over existing managements.
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You have to build a large complex system, parts of which are slightly beyond today's capabilities, under adversarial conditions where it's very hard to trust anyone.
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