XI.2: The Growth of Corporations

Corporations do not get bigger because they get more complicated. Rather, corporations get more complicated because they get bigger. In my earlier post, I presented Jane Jacobs’ argument that by their nature governments get bigger and their growth causes them to get more complicated. But Jacobs also applied the same principle to private organizations, like … Read more

X.1: Capitalism, Socialism, and Communism

What are the Merriam-Webster definitions of capitalism, socialism, and communism? Capitalism: an economic system characterized by private or corporate ownership of capital goods … [and] by prices, production, and the distribution of goods that are determined mainly by competition in a free market. Socialism: a system or condition of society in which the means of … Read more

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