this post was submitted on 17 Jan 2025
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I would argue that "bureaucratic overhead" is missing in companies at least as much as it is excess in governments. These double checks and regulations help guard against things like companies externalizing environmental and health impacts. They also act as a check on tendencies towards consolidation (or rather should). Consequently, companies appear to operate more efficiently, but we will have to pay to clean up and handle their externalities eventually.