But these things exist because people put money into 401k accounts, IRAs, and buy other &quot;funds&quot;. That makes one sort of instrumentation of that corporation work in a certain, sort of negative-externality-prone way. That cross ( as in cross product ) the information-attenuating nature of hierarchy explains a lot.<p>As a corollary of Brian Kernigan&#x27;s &quot;debugging is twice as hard as writing programs&quot;, it should be clear that regulation is even harder - possibly many orders of magnitude harder - than steering a massive conglomerate.<p>I don&#x27;t know how you design a ... non-atomistic corporation - a corporation that depends on governance principles other than those which align with Liberal atomism. If I read the literature right, atomism is sort of an inevitable consequence of Liberalism - as Hendrix said, &quot;I&#x27;m the one that has to die when it&#x27;s my time to die.&quot; How do we handle the problem of agency?<p>And I&#x27;m really skeptical of &quot;holism&quot; in general these days. It does not notch easily onto rigorous and empirical methods, and looks somewhat like a backdoor for collectivism. I dunno - maybe collectivism has matured but I&#x27;m quite skeptical of it.