judemelancon
Joined 11 years ago
Joined 11 years ago
This requires a magically flexible definition of "market" at very best.
The smallest number of competitors that can split market share such that none exceed 15% is 7, and that cuts it absurdly close for an existential risk.
Do non-profit organizations count for this rule? If not, how would corporate structures that intentionally obfuscate these distinctions, e.g. IKEA, be handled?
If there's not some extremely tricky qualifiers, these markets seem likely to be a problem, just for starters: medicines†, operating systems, utilities to a specific house or even city, spy satellites, chemicals that are difficult or dangerous to synthesize, combat aircraft, crewed spacecraft, EUV lithography, armored fighting vehicles, cellular telecommunications services, samples of organisms restricted to high biosafety level labs, and literally any new product category. † Imagine a serious condition getting its first drug treatment approved and the company saying "Only every seventh patient is eligible." Also, no one could offer a specific specialized surgical procedure until seven or more independent organizations in the same geographic area have qualified staff and equipment, which would be especially hard for any novel techniques; if the problem it addressed was rare, they'd also effectively be forced into a cartel to allocate the patients evenly.
There's also separately and unavoidably the massive problem of transitioning from the current situation to one compliant with these restrictions.
Edit: Switch to using a dagger for the footnote to avoid a formatting issue.
Having established that, are you saying that you can't even conceptualize a conflict of interest potentially clouding someone's judgement any more if the amount of money and the person's perceived status and skill level all get increased?
Disagreeing about the significance of the conflict of interest is one thing, but claiming not to understand how it could make sense is a drastically stronger claim.
What is the confusion here?
None of the rest of your reply is actually a response to what I said, though some of it is interesting. You also notably didn't respond to what I said about politicians.
Regarding Fortran programmers' contracts being honored, I would certainly hope any business would meet its contractual obligations (when they are moral and legal). Surely you aren't actually suggesting they shouldn't? Whether signing such a contract was a good idea or not, the very concept of a contract is founded on actually executing the terms of the agreement afterward.
I have never encountered a business that consistently swiftly dropped the underperforming parts of the team. I know that stack ranking firms supposedly exist, but they are far from typical. Even if your employment history is atypical, surely you've encountered less than efficient employees at clients, at vendors, and just out in the world in retail or restaurants; have you never happened to observe some of them staying in those positions at length? If you have seen private enterprise up close, it's hard to fathom the idea that it runs lean operations without waste.
Furthermore, many businesses have employees, sometimes many of them, who don't have the kind of clear work products that would make "the underperforming 25% of the team" potentially conceptually coherent. Plenty have employees with as little to do as a TBM oiler or an elevator operator. The market isn't just taking its time in pushing them to be more efficient, either. Actual markets and actual managers don't work like in an entry-level economics class.
The idea that US politicians never cross the public sector unions isn't compatible with the facts. The Taft-Hartley Act is law, and PATCO was destroyed.