Earlier quoted context omitted.
Oh yeah no doubt. That kind of thing is just human nature to some extent. Anywhere where getting something done gets you promoted or paid more (which again is a necessary side effect of rewarding progress) tends to have cases where people are producing bullshit or inflating their real contribution. Yeah I wonder about that sometimes, the maximal balance between efficiency and inefficiency. Some things are clearly a w…
> far worse because of how monopolies inevitably stagnate Unregulated monopolies do, but regulated ones can be forced to innovate, both according to a plan, or through a process that internalises competition at the places where impact would be maximised (instead of multiple groups arriving at the same solution in secrecy, multiple groups exploring different possibilities while communicating between them and coordinat…
For example some countries that have regulated monopolies can allow in small amounts of foreign products to motivate their own state sponsored companies, but without that and assuming its not something relatively straightforward like a utility or an oil company, I'm not aware of any that innovate effectively.