Conversation

Replying to
I’m wondering whether decentralization progresses via a similar ratchet… centralized things ceding ring after ring of coordination functions to decentralized things
3
52
Replying to
You can view this as the innovator's "trilemma": low-margin business lines are "given away" not just to improve average margins but to harm the competition
3
Replying to
Power is always conceded when elites play whatever game they play (not sure why democracy has to be an outlier?). They defect because otherwise they think they've lost, and making a deal with the lower rung then becomes a problem of complexity (ie. managing that new network).