> CB: Is this corporate hierarchy a bureaucracy too ? Sure Charles. This one is bureaucracy at its worst. Do you have any doubts? If you do, I strongly recommend that you seek employment with, say, Goldman Sachs Asset Management, Barclays Global Investors, Merrill Lynch Investment Management, Putnam Investment Management, PIMCO and the like. Just try it, if you get the job, you will see what I mean.
Sabri P.S: We are talking about organizational forms, Charles. This has nothing to do with the "objectives" of the organizations, however "well"/"bad" meaning they may be. There is an interesting book by Oliver Williamson that I bought a while ago but have not read yet. It is entitled something like "Institutions of Capitalism" or some such name. He is the founder of this "transaction costs economics" and will most likely receive a Noble Prize in the next few years. I met him a few times in some social gatherings as a matter of coincidence and had a chance to chat with him on the topic, although I must confess what he explained was way above my head. Read it, and if I understood anything from Oliver, you will see that Gunder Frank is right in that, Oliver doesn't know how Marxist he is.
