Thread

Tweet 1

"market mechanisms disprove bs jobs" isn't a great argument: - It's become harder/costlier to do a hostile takeover which is the best way to profit from better management - Imagine Google/Coke were 10x overstaffed. Could you outcompete their brand name?

---

Tweet 2

Since the events of this anecdote many laws aimed at making takeovers more difficult have passed. Who could this possibly benefit besides a BS bureaucracy?

---