> This reliance on the profit motive to enforce a Darwinian culling of private enterprises is a spherical cow.
Absolutely. Large organizations tend towards self-preservative activities in the long run. One such thing is rent-seeking and regulatory capture (i.e. getting laws passed that entrench and defend your business from disruption).
It also seems that a lot of forces in the economy tend to favor mergers and centralization, which protects businesses from disruption and further entrenches their positions. Eventually the profit dictates that they'll raise prices to cover their inefficiencies and it's ultimately consumers that lose, because they can't exit the system and competition is dead.
Absolutely. Large organizations tend towards self-preservative activities in the long run. One such thing is rent-seeking and regulatory capture (i.e. getting laws passed that entrench and defend your business from disruption).
It also seems that a lot of forces in the economy tend to favor mergers and centralization, which protects businesses from disruption and further entrenches their positions. Eventually the profit dictates that they'll raise prices to cover their inefficiencies and it's ultimately consumers that lose, because they can't exit the system and competition is dead.