Earlier quoted context omitted.
> While a democratic state is different than a private organization in that it derives legitimacy from its voters This is exactly the key core distinction. The purpose of the state is to be the most powerful organization in the room - to constrain other actors. It’s imperative, therefore, that it be democratic and representative. Notably, part of the instinct to break up other large organizations is to prevent them f…
In today’s world is it actually in our best interest to have the government break up large organizations? Or is that the worse of 2 evils? The state derives a lot of its power globally from wealth, influence, military power (funded by wealth). The state is only as powerful as it is - and only as capable as it is at promoting American interests in the world because it has many of the biggest winner-take-all corporatio…
Re: Terence Tao: The role of small organizations in society has shrunk significantly
#511Overall national wealth and power shrink under monopoly super corporations, that is the reason it is a matter of public policy in the first place. If you go back and review the major antitrust actions of the 20th century, each one was followed by an explosion of market-creating innovation: Standard Oil, Bell Telephone, even Microsoft. Look even further back, and many national economies were organized around a few state-sponsored monopolies e.g. the East India Company. They all lost ground to economies with more numerous and competitive companies, most notably the U.S.