It’s not just that. You want businesses to be able to fail if they are being run poorly. That’s something that’s a lot harder with government agencies, state owned enterprises, and large companies.
government agencies: People rely on them by design. You can’t simply shut down the health care or welfare system because it’s being run poorly or corruptly.
state owned enterprises: There is pressure from the ruling class to keep even inefficiently run or corrupt SOE going because they provide jobs and patronage.
large companies: They become systemically important. The loss of a single large business can cascade through the economy. See: Lehman Brothers or the big auto companies during the 2008 crash.
I think the issue is large organizations are inefficient and inflexible, be they government or corporates.
You want small lean groups with a lot of autonomy.
It’s not just that. You want businesses to be able to fail if they are being run poorly. That’s something that’s a lot harder with government agencies, state owned enterprises, and large companies.
Our corporate structures and limited liability not only make these massive orgs possible, but incentivize some truly insane megacorps.
Yep, the US government used to break up monopolies and it greatly benefitted the boomers.