Yes, I ended my missive with a throw-away line. But (1) corporations are already run by committees; (2) there's nothing that says that committees can't have leaders; (3) in the system suggested by my throw-away line, corporations would be induced to respond to more than just greed, i.e., to the interests of the various "stake-holders"; and (4) I said nothing that rules out breaking corporations into bite-size pieces that can be dominated by democratically-controlled government, especially if current property rights in them were changed drastically. Breaking corporations into pieces seems a good idea unless one has faith in markets to discipline them.
I doubt that diseconomies of scale are central here. These companies pay off very well, thank you very much, to their owners, including the CEOs and their ilk. The main benefit of shrinking them is that it would facilitate political control. On Thu, Jan 7, 2010 at 5:18 PM, raghu <[email protected]> wrote: > On Thu, Jan 7, 2010 at 6:09 PM, Jim Devine <[email protected]> wrote: >> There's a clear conclusion from the second point: instead of >> regulating the salaries (and perks!) of a small sub-set of the top >> executives, _all_ of their salaries should be controlled. Even >> better, replace these folks with committees of workers, citizens, >> consumers, and government representatives and put them to doing >> productive labor. > > > That sounds like a terrible idea: leading by committee? Really? Maybe > the true lesson is the giant multi-national corporation has some > dis-economies of scale that it should in most cases be seriously > scaled down, instead of retaining a predatory organizational form and > attempt to impose some form of pseudo-democracy on it. > -raghu. > > > -- > flashlight (n) - a case for holding dead batteries. > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
