Our problem is that democracy is the best way to choose leaders we've found so far and it doesn't work very well.
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Most poorly led companies do not have captive customers. They can lose customers. This selects against (albeit slowly) poor leaders regardless of how each company selects its CEO. By contrast, a government is a monopoly on power. They rarely lose enough citizens to collapse.
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Quite. Hence Moldbug's emphasis on Exit-oriented Patchwork as an international order subjecting states to business-type pressures.
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