RE: Authority of the marketplace?

[Nick Arnett]

> From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On
> Behalf Of John D. Giorgis

[snip]

> brought up the
> example of Enron.   Why is Enron so big?   Because they are the most
> efficient energy brokerage in human history.

Where's the proof of that?  To say that its size or its profit margins are
proof would be a circular argument, since I was arguing that it's wrong to
treat those measures as the final argument.  Isn't it possible that they are
big because of network effects (or positive feedback, etc.), not efficiency?
Network effects aren't a reward for efficiency, they're a reward for getting
biggest fastest and building up so much momentum that competitors can't
build up enough of their own momentum make a real dent in your growth.  As
in a tornado.  Or Windows.

Nick