The current system of corporate governance is bunk. Capitalist corporations are on the way to certain extinction. Replete with hierarchies that are exceedingly wasteful of human talent and energies, intertwined with toxic finance, co-dependent with political structures that are losing democratic legitimacy fast, a form of post-capitalist, decentralised corporation will, sooner or later, emerge.
Valve economist Yanis Varoufakis has written a fantastic examination of Valve’s corporate structure (or lack thereof) and how it fits in (or doesn’t) with modern corporate structures. The whole post is really fascinating.
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