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555 sats \ 2 replies \ @kepford 23 Jan \ parent \ on: Do You Trust Your Government? culture
Exactly. This is how I have attempted to explain my issues with the functionality of states to people that have no moral issues with the monopoly on violence. What many capitalists and social conservatives fail to recognize is that large companies often suffer from many of the same issues with government bodies. The primary difference though is companies don't have a money printer and will fail unless they are to big to fail. Ala banks and airlines to name two.
The socialist calculation problem applies to firms' internal operations in exactly the same way it applies to governments. The difference, as you say, is the external profit and loss signals that most companies face.