The Ekumen is not a kingdom, but a co-ordinator, a clearinghouse for trade and knowledge; without it communication between the worlds of men would be haphazard, and trade very risky, as you can see.
“meritocratic extremism,” by which I mean the apparent need of modern societies, and especially US society, to designate certain individuals as “winners” and to reward them all the more generously if they seem to have been selected on the basis of their intrinsic merits rather than birth or background”
― Capital in the Twenty-First Century
― Capital in the Twenty-First Century
“The most convincing proof of the failure of corporate governance and of the absence of a rational productivity justification for extremely high executive pay is that when we collect data about individual firms (which we can do for publicly owned corporations in all the rich countries), it is very difficult to explain the observed variations in terms of firm performance.”
― Capital in the Twenty-First Century
― Capital in the Twenty-First Century
MC’s 2024 Year in Books
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