An important thing to remember is that, unlike wasteful governments and sleepy nonprofits, competition ensures that businesses allocate resources •efficiently•, minimizing waste and maximizing value to society.
From @rodhilton: https://mastodon.social/@rodhilton/110561830395385157
Badmouth competition all you like, but you can’t beat results like these!
@inthehands @rodhilton In a way that’s the main purpose of competition and a big part of the „success“ of business vis a vis other forms of organizing. Ignoring this dimension altogether is a big hole in one’s world model (even the church couldn’t ignore gravity an more in the end), and finding a different answers to the problem of coordination is the central challenge for anyone trying to argue for alternatives to „capitalism.“
@b3n @rodhilton
I think that makes it 2 hours, 21 minutes?
https://hachyderm.io/@inthehands/110563203923154838
@b3n @rodhilton
(And agreed re the problem of coordination being central, as well as info propagation, but…don’t neglect to read the link in the OP, which casts it in a somewhat different light!)