undefined | Better HN

0 pointsr14c1mo ago0 comments

Big agree, at a certain point a company is big enough that their impact has to be managed democratically. I don't have an issue with effective leaders, the problem is that we reward a certain kind of success with transferable credits that don't necessarily align with people's actual talents or skills.

I want skilled institutional investors who have a track records of making smart bets. I don't want a random person who happened to get lucky in business dictating investment policy for substantial parts of the economy. I want accountability for abuses and mismanagement.

I know China gets a bad rep, but their bird cage market economy seems a lot more stable and predictable than this wild west pyramid scheme stuff we do in the US. Maybe there are advantages for some people in our model, but I really dislike the part where we consistently reward amoral grifters.

0 comments

palata1mo ago

> Big agree, at a certain point a company is big enough that their impact has to be managed democratically.

100%. First, a company should not be that big. The whole point of antitrust was to avoid that. The US failed at that, for different reasons, and now end up with huge tech monopolies. And it's difficult to go back because they are so big now.

BTW I would recommend Cory Doctorow's book about those tech monopolies: "Enshittification: why everything suddenly got worse and what to do about it". He explains extremely well the antitrust policies and the problems that arise when you let your companies get too big. It's full of actual examples of tech we all know. He even has an audiobook, narrated by himself!

j / k navigate · click thread line to collapse

0 comments

palata1mo ago

> Big agree, at a certain point a company is big enough that their impact has to be managed democratically.

j / k navigate · click thread line to collapse