People tend to treat big businesses as other "people". They also use anecdotal strategies to attack large companies. They are run by people. People make mistakes. It is human nature to amplify the 1 mistake at the expense of the 1000 good things that were done. Thus, the few bad actors tend to unjustly malign big business. There are problems with big businesses. However, the capitalist system does a good job of weeding out the bad actors. (Protective regulations tend to make things worse, allowing dinosaurs to remain around longer than they should.) Maybe we should give businesses a little more respect.
Sunday, May 12, 2019
Big Business: A Love Letter to an American Anti-Hero
People tend to treat big businesses as other "people". They also use anecdotal strategies to attack large companies. They are run by people. People make mistakes. It is human nature to amplify the 1 mistake at the expense of the 1000 good things that were done. Thus, the few bad actors tend to unjustly malign big business. There are problems with big businesses. However, the capitalist system does a good job of weeding out the bad actors. (Protective regulations tend to make things worse, allowing dinosaurs to remain around longer than they should.) Maybe we should give businesses a little more respect.
Labels:
2019,
audiobooks,
books,
business,
politics,
steve edwards,
tyler cowen
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