*Big Business*, paperback edition

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Especially in an age of division and rancor, we all need to remember that some people are still capable of writing love letters to an American anti-hero.

Love is the answer. It is always the answer.

Bang, bang, shoot, shoot

Hi to all, as I am genuinely keen of reading this website's post to be updated regularly.
It includes nice data.

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What’s this send more information

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I like the Black Lives Matter cover edition.

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Big business will be sad at Trump's H-1B suspension. No more cheap labor to exploit.

Plenty of programs and loopholes left.

https://www.breitbart.com/economy/2020/06/09/business-groups-leak-donald-trump-sweeping-visa-reform-plan/

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Companies that are now waiving the flags of social progressivsm know their interests: cheap H-1B labor and a culturally divided work force to slow efforts to unionize. An alliance between the Progressive Left and Corporate America.

You forgot the Conservative Right. Their tax cuts and inability to regulate enables Corporate America. Anti-trust doesn't exist in their world.

"inability to regulate"

Regulations enable large corporations by raising the fixed costs of doing business and driving the little guys out. Eg consolidation in health care.

Not all regulation favors the large. Anti-trust is regulation that often turns big companies into small ones eg. the opposite of consolidation, is pro competition, and in some cases lowers fixed costs. Even a capitalist like Elon Musk tweets "Time to break up Amazon. Monopolies are wrong!"

https://www.cnbc.com/2020/06/04/elon-musk-calls-for-amazon-split-after-alex-berenson-claims-censorship.html

True governments can happily destroy big business.

But for the most part regulation is pro oligarchic rather than anti oligarchic.

I’m sorry those are simply the facts. Take a look at capitalism in America from 1860-1929 and compare it afterword.

The amount of company formation during the regulation area is shockingly low compared to the laissez faire era.

Hell, when the government broke up Standard Oil their share price actually went up.....

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As many small businesses fail as a result of the pandemic and several big businesses grow even bigger as a result of the pandemic, Cowen's next book might explore why some big businesses fail and some small businesses prosper. Failure to innovate is the usual explanation for big business failures, but greed is a recurring theme for big business busts even though greed is supposed to be capitalism's elixir. From Enron to Boeing, greed has been the downfall. Will Zuckerberg's greed be the downfall of Facebook? The Bible has many unpleasant things to say about greed and the greedy. Here's a helpful list: https://www.openbible.info/topics/greed

wayward
how many small businesses
do you think"fail" because they get arsonized by mostly peaceful leftist wingnuts? big business can afford to pay protection money

I don't suppose you watched this excellent video,

https://marginalrevolution.com/marginalrevolution/2020/06/raj-chetty-talk-on-the-economic-impacts-of-covid-19-real-time-evidence-from-private-sector-data.html

The short answer is no, it is not leftist arson destroying small business.

your short answer is postmodern
b.s. the more correct answer is businesses have &will fail because of arson. it is too soon to tell how many

Stop being such a perfect placeholder for anti-intellectualism, the crazy party, the stupid party.

That is unless you're a Biden plant, in which case carry on.

are you silly sociologists seriously claiming that small businesses have not & will not close because of the riots & arson?
a lotta small businesses were gone after detroit 1968 & l.a. (1968&1992)
Kristallnacht (1938)
we are not a biden plant.
biden is purty near a plant

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In the grand scheme of things, not many. How many do you think fail because they get burnt down by lefties?

in the grand scheme of things
60 businesses in pittsburgh got wrecked by leftists in a mostly peaceful protest a couple weeks ago.

Why did Trump let the businesses burn? Didn't he promise to shoot the looters?

no. actually he did not promise to "shoot the looters"

"when the looting starts, the shooting starts"

The looting already started. So when does the shooting start? He needs to back up his words or he will look weak and impotent.

that is quite the elaborate& intellectually dishonest narrative you have constructed there.
what sociology skool did you graduate from?
so far itl ooks like between newwokecity, syracuse , chicago &minneapolis about 70 people have been shot on fathersday weekend

How many were looters? I'll be damned, maybe Trump is doing some shooting after all.

seventy people get shot and you wanna change the subject to looting.
what overpriced sociology skool with low standards did you graduate from?

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An excellent start to the series. I look forward to "a love letter to government, a late stage antihero."

Followed by the capstone, "a love letter to moderate pragmatism, an unlikely hero."

+1
"a love letter to moderate pragmatism, an unlikely hero."

And though I have the gift of blogging, and understand all mysteries, and all knowledge; and though I have a twitter account, so that I could remove my enemies, I remain pragmatic and still employed, but I am nothing.

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Hero worship is sickening. Anti-hero worship grotesque. Tyler's hidden Amazon affiliate link to his own book to double dip into Bezos' bottomless coffers is so disgustingly, blackhearted capitalistic that I wholeheartedly approve.

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ah yes. i’d forgotten about the book.

this does put the incessant overwrought whining about the regulatory state in context.

i’d not noticed until now that corporate malfeasance has not received the same unrelenting gotcha treatment

I will say this, if more evidence surfaces that the White House did clamp down on COVID testing, it will be harder to blame a faceless "regulatory state."

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Your Corporate enemies donated to BLM in recent weeks and have Pride flags flying outside their offices. They are your best friends, just learn to embrace them.

That's a different topic. Clearly large companies are good at reading the interests and values of their customers (at least socially), and responding to them.

This of course drives social conservatives nuts, because it creates a ton of cognitive dissonance to be reminded that are mouth breathing neanderthals and in the minority, and less important to the corporate marketing and PR departments.

This puts their economic conservative selves - who ordinarily believe that big business can do no wrong, and that free markets always know best - at war with their bigoted misogynist theocratic selves.

"large companies are good at reading the interests and values of their customers (at least socially), and responding to them."

clearly that is the elite postmodern sociologists explanation for why
cnn.con just build a wall around their corporate headquarters in atlanta

if big corporations want to fill their marketing departments with postmodern elites, then it must be a brilliant move

+1postmodern silliness
cnn.con put a wall around cnn.con headquarters to keep their
"customers" from breaking in &burning down cnn.con
are you seriously trying to rebrand this as a "marketing" move

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I actually think that is a good point George about the cognitive dissonance and right wing voters.

However, markets and capitalism are A moral so whether Amazon is woke or whatever is mere window dressing for the real question which is can Amazon do its job better than the state or a market filled with thousands of competitors.

I’d say they’re crushing it on every front. Now quick, someone find the Marcus Garvey banner for BLM month on Amazon Prime.

+1 postmodern sophistry
"This puts their economic conservative selves - who ordinarily believe that big business can do no wrong, and that free markets always know best - at war with their bigoted misogynist theocratic selves."

he starts with a reductive false assumption and justifies it with 3
reductive ad hominems
then he sorta fubars the meaning of cognitive dissonance

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This thread is a dumpster fire of Boomer stupidity, lies and straw men.

Onward, Boomer Culture Warriors!

lol boomer bashing
thats all youve got

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Congrats on the paperback. It's a great book that I've recommended to many, and bought for a few (including my *small* business-starting father). The pb cover is terrific.

+1 it is an excellent book and has probably raised a bigly bucketful of money for the Ethiopian fella

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The paperback is MORE EXPENSIVE than the hardcover.

of caveat emptor.

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I’d like more books, and love letters even, dedicated to entrepreneurship. And frankly to liberal democracy.

You know, stuff we might actually miss when they’re gone.

Despite what people like to say (and some, mysteriously, sincerely believe ...?) America has never actually been *run* by religionists. Insofar as any single statement could have sufficed, "The business of America is business" was about as good as any other.

Now we are finally going to see what it is like to live in a country run by religious zealots.

Big business religious zealots? Sorry, it's Sunday for me.

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Neither the Massachusetts Bay Colony nor the Colony of Rhode Island and Providence Plantations are America, with their notable distinctions. Which explains why Roger Williams was not exiled by America due to religious persecution, nor that America was run like the Massachusetts Bay Colony.

Odd how people confuse a phase of history involving British North America with the United States of America.

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Yeah, well I am guessing a love letter to big business probably skipped the chapter on how large firms are often the antitheses of entrepreneurship, and of how much energy big business devotes to blocking competition from new entrants and ideas.

Relax hun. Big Business is the one with the Diversity Officers and the HR mandated Diversity seminars. The small businesses are the ones able to discriminate without consequence- just look at the start-ups in SF run by white men without a Person of Color in sight.

well that's very nice.
Not sure what is has to do with entrepreneurship and innovation, except that a notable number of well known startups are run by d-bags

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I'm not that good at this, but I think it's because the link to the book front page is http and not https that this page (and site front page) are now declared "not secure" by Google Chrome.

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I'll admit that I haven't read the book, but it seems odd to praise any particular firm size. The extent to which a firm integrates is simply determined by the transactions costs associated with procuring inputs in the market versus procuring them via integrated divisions and employment contracts. Not sure that love or honor applies.

Good points, but one of the most intriguing aspects of the book is the appendix, where Cowen refutes the transaction cost theory of the firm and offers a different way of understanding firm behavior.

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Dear Lord, I am so sorry -- absolutely NO ONE deserves that insane travesty of a book cover. Hitler, Stalin, Putin, Gore -- NO ONE.

Why does the publisher hate you so?

+1, thread winner

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