A privately-funded bureaucracy which simply self-propagates while producing no value goes bankrupt automatically...
It's a beautiful theory.
The most obvious counter-example would be patent/copyright/trademark trolls.
Another might be financial services companies who sell worthless derivatives as AA grade. Or the analysts who provide those grades. Or the brokers who make the worthless loans the derivatives are based on.
It's a beautiful theory.
The most obvious counter-example would be patent/copyright/trademark trolls.
Another might be financial services companies who sell worthless derivatives as AA grade. Or the analysts who provide those grades. Or the brokers who make the worthless loans the derivatives are based on.