AI Lays Bare the Authoritarianism of Modern Work. Time to Rethink Education
techpolicy.press
techpolicy.press
The main strength of free market system is that companies can die without completely destroying people and resources they controlled. Which wasn't the case for state-wide totalitarian planned economies.
When you try to protect companies from dying you are losing the main strength of the free market.
When a company dies almost nothing bad happens, infrastructure, employees and resources are mostly transferred to companies that have better ideas how to utilize them. It's easy to improve company wide planned economy by killing it and creating another one with better ideas at almost zero material loss.
The problem occurs if you artificially protect companies from death, from competition, then they grow to large sizes so their death becomes materially impactful diminishing of the main benefit of having companies.