[FoRK] Capitalism's Fatal Flaw
dave.long at bluewin.ch
Mon Nov 9 09:07:48 PST 2009
> I would tend to include [avoidance of failure] as part of success,
> not as
> something separate.
Except that capitalism discourages avoidance of failure: anyone can
avoid failure, and many owner-operated companies do, but usually at
the expense of growth.
When playing with OPM, the OP can, and do, diversify their
investments; from their point, of view, any avoidance of
diversifiable risk by their managers (recall that in this world, a
founder is an agent) is inefficient.
In switzerland, we are currently wringing our hands because
unemployment has reached 4%; as far as I can tell it has almost never
been above 5%.
unemployment-lines.html and http://www.amstat.ch/amstat/pressetexte/
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