6 ms·

You're listing examples where there is no market

• ElProlactin 18d ago
  Correction: I'm listing examples where "the market" doesn't function like an ideal, healthy market. Search, social media, key SaaS markets, healthcare, insurance, etc.
  • Kinrany 17d ago
    Right. So these are all examples of market forces being irrelevant. This isn't the market showing that culture doesn't matter: when the winner is predetermined, culture or anything else couldn't _possibly_ matter, as long as it is not so critical that getting it wrong kills the company in the most literal sense.
    • ElProlactin 17d ago
      I understand your angle, but I'm coming from a different one: these are the "market forces" that matter today across a wide swath of industry, and, most importantly, the most lucrative industry. Capital beats culture most of the time today, so companies optimize how they use capital.
      • Kinrany 16d ago
        Yes, my objection is to the use of "market forces", which are widely assumed to favor efficiency. What we're talking about is, pedantically, something else, something like "capital allocation game theory". A different game that is not known to favor anything in particular, as far as I know. TFA argues that good culture is important for productivity/efficiency, so any counterpoint would need to come from a game that does say something about efficiency.