r3volution 3.0
Banned
- Joined
- Mar 6, 2014
- Messages
- 18,553
A monarchy is better than a democracy in that when people realize they are being screwed, you just kill the king. In other words, the only way it is better, or even different, is the ease of which it can be abolished.
There's a difference in incentives, as I explained.
Suppose there are two farms, A and B.
A is owned and managed by Bob.
B is owned by no one, and managed by Steve, who draws a fixed salary.
Which farm is likely to be more profitable, and why?

