Re:Was WeWork Ever Going to Work?
by wpietri on Saturday October 05, 2019 @08:04PM
(#21168835)
Yes, but the kinds of bad choices you get using different decision processes will be different. WeWork is a very capitalist boondoggle. It's not the kind of failure you'd see even in Mittelstand capitalism. Let alone Mondragon-style cooperatives, which could reasonably be called capitalist. And it's definitely not what you'd see in an ejido or a European-style commons.
American-style venture capitalism is almost unique in terms of the amount of resources a single person can allocate. I think only authoritarian regimes come close to letting one person decide to bet $12 billion on a poorly-considered vision.
American-style venture capitalism is almost unique in terms of the amount of resources a single person can allocate. I think only authoritarian regimes come close to letting one person decide to bet $12 billion on a poorly-considered vision.