Re: Binary scheme of democracy and centralism

[Sabri Oncu <soncu@xxxxxxxxxxx>]

Michael writes:

> You are absolutely correct.
>
> "Devine, James" wrote:
>
>> My impression is that Williamson studies non-market
>> institutions in order to show that corporate hierarchies
>> are a good thing.

I don't know whether he studies market or non-market institutions
but other than that what Jim said was more or less what he told
me or what I recall from the things he told me: hierarchical
and/or centralized forms of governance for the institutions of
capitalism are/can be better than other organizational forms.

Moreover, he had no urge to make use of the word "democracy" as
he was making his claims. As I heard many times in the business
world:

"We are a business, we are not a democracy!"

Here is another one:

"We are not in the business of doing good. We do business and
good comes out of it!"

More or less, that is, as far as I recall.

Sabri