Back to Home10/14/2025, 10:37:08 AM

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This is tangential to your point about globalization, but the funny thing is that within a firm, especially a vertically integrated one, there really are commissars sending out orders from central offices, dictating production quotas and setting prices. Most companies resemble a command economy on the inside, much more than a market economy.

And almost all economic activity and production is mediated and coordinated by firms. Very few transactions happen between unaffiliated individuals independently making and trading goods according to direct market incentives.

https://en.wikipedia.org/wiki/Theory_of_the_firm

https://en.wikipedia.org/wiki/The_People%27s_Republic_of_Wal...

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    10/14/2025, 10:37:08 AM

    36d ago

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    10/14/2025, 1:25:44 PM

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    10/28/2025, 5:14:54 PM

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ID: 45578373Type: commentLast synced: 11/17/2025, 10:06:13 AM

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