or just tightly controlled companies fail less often than cooperatives
Re:How Big Tech Built the Iron Cage
by hannasanarion on Tuesday April 02, 2019 @08:52PM
(#19559938)
Or it could be that private companies are more likely to care more about profit for shareholders than the health of the market and their own workers, so they deploy unfair employment practices and anticompetitive market behavior to cut corners, destroy the competition, and monopolize for even more profit.
Companies don't have to be feudalism in microcosm by definition, it just so happens that aristocratic ownership tends towards oligarchic governance.