Re:Krugman, Stross and Martian hive-mind kleptocracy
by ent_ on Monday December 13, 2010 @09:51AM
(#2000599)
Heh, 'bout time someone pointed out the other key feature of a (public) corporation. Plus I like the idea of banks having a 'put option' on themselves. Glad to see at least some people manage a level-headed assessment of the economic situation now -- e.g. as opposed to others who in light of corporations' success in the arena immediately start a religion around worshipping the idea of a corporation, Y combinator included.
Re:Krugman, Stross and Martian hive-mind kleptocracy
by stretchwithme on Sunday December 12, 2010 @09:50PM
(#1999050)
Its not amazing that those creating an enterprise would use the structure most advantageous to them. Or that investors would pick investments run by people capable of seeking advantage.
Most corporations should be distinguished from banks, since the banks actually managed to acquire a put option for the bank itself, doubling the leverage of management. The really striking thing is witnessing the monetization of that put although it really shouldn't be too surprising, since virtually the same thing happened in the 80's with the S&L industry.
All the hive mind/group think stuff can and does happen in any organization where leaders need to persuade followers. Not as "new" as you might think.