Comment by thoughtpeddler
8 days ago
This person needs to study Ronald Coase's Theory of the Firm in order to not make incorrect assertions like 'the only moat left is money'. There's many other criticisms to level at this piece, but this is the one I'll use my reply/comment on. If the author was right, then the entities with the most money, or ability to print money, a.k.a. the government, would be in charge of all economic activity. They are not. Empirically, what we observe about human economic activity is that it's not about who has the most money. Money helps, and certainly there's economic structures that are a tier below government but definitely far larger than a small business that can use money as a weapon to stay entrenched or gain other advantages in the market, etc, but it's not the only thing. Empirically it is just not. There has been, is, and will continue to be room for what other commenters have called 'creativity' broadly speaking, and that even includes creatively recruiting other people to your cause/company versus another's, etc, that 'the one with the most money' has not alone shown to be decisive.
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