Vietnam or Thailand ? Vote for the TOP Country of the Week !
Updated: May 18, 2025
Still, oligopolistic behavior does not sit well with another of Baumol's observations: that innovators tend to maximize their returns by sharing their technology and licensing it to more efficient and profitable manufacturers. Nor can one square this propensity to share with the ever more stringent and expansive intellectual property laws that afflict many rich countries nowadays.
According to popular lore, capitalism makes sure that innovators are rewarded for their time and skills since property rights are enshrined in enforceable contracts. Reality is different, as Baumol himself notes. Innovators tend to maximize their returns by sharing their technology and licensing it to more efficient and profitable manufacturers.
Actually, the Organic vs. chemical feud is in many ways false. Judiciously used Organic fertilizing substances can also do that as well or better. And in either case, using chemical fertilizers or so-called organic fertilizers, to maximize nutrition the humus content of the soil must be maintained.
With superior and rapid firepower, the blinded, deafened enemy would be destroyed and defeated as we saw fit. This would maximize Shock and Awe and help break the adversary's will. In OOTW, the Rapid Dominance JTF might function as follows.
Apparently, "Sambo" was not merely the result of slavery, but he was the result of the unique form of slavery which developed in North America. Unrestricted in his powers by institutions such as the crown and the Church, the American slave master had gained total control of his slave property. In a desire to maximize the profits of his investment, he strove to develop the perfect slave.
First, this force will emphasize capabilities to maximize the core characteristics of knowledge of self, adversary, and environment; rapidity; brilliance in execution; and control of the environment. Knowledge means more than dominant battlefield awareness. It means understanding the adversary's mind and anticipating his reactions.
First, Rapid Dominance seeks to maximize */knowledge/* of the environment, of the adversary, and of our own forces on political, strategic, economic, and military/operational levels. On one hand, we want to get into the minds of the adversary far more deeply than we have in the past.
The managers seek to maximize their short-term utility by securing enormous pay packages and other forms of company-dilapidating compensation. The entrepreneurs feel that they are "strangled", "shackled", "held back" by bureaucracy and they "rebel". They oust the management, or undermine it, turning it into an ineffective representative relic.
Government is alternately cast as a saint, seeking to selflessly maximize social welfare or as the villain, seeking to perpetuate and increase its power ruthlessly, as per public choice theories. Both views are caricatures of reality. Governments indeed seek to perpetuate their clout and increase it but they do so mostly in order to redistribute income and rarely for self-enrichment.
But, strikingly, some of the inefficiencies are the direct outcomes of the activities of "non bona fide" market participants. What characterizes all those "market impeders" is that they are value subtractors rather than value adders. Others refuse to accept the self interest of other players as their limit. They try to maximize their benefits at any cost, as long as it is a cost to others.
Word Of The Day
Others Looking