Then corporations are very inefficient - they waste incredible amount of resources on advertising, stock buybacks and undermining their competition, they exploit renewable resources way past their replenishment rates (look what happened to tuna and codfish), they ignore ecological damage they create, pursue increasing wealth inequality and try to leech off state subsidies and direct technology transfers.
The only way you can call corporations efficient if the desired result is the short term profits of the shareholders.
Ads, buybacks, etc all bring value to the company. Exploration of renewables past their replenishing rates is the definition of efficiency. You basically want to live in a stone age.
Then corporations are very inefficient - they waste incredible amount of resources on advertising, stock buybacks and undermining their competition, they exploit renewable resources way past their replenishment rates (look what happened to tuna and codfish), they ignore ecological damage they create, pursue increasing wealth inequality and try to leech off state subsidies and direct technology transfers.
The only way you can call corporations efficient if the desired result is the short term profits of the shareholders.
Ads, buybacks, etc all bring value to the company. Exploration of renewables past their replenishing rates is the definition of efficiency. You basically want to live in a stone age.