29 March 2011

Not in terms of honor or vengeance

Wealth does not capture power. Power operates in a different dimension: it applies to the person of other actors rather than to the goods and services in which they are transacting. 
The genius of the market model is that corporations often define their legal persons exclusively in terms of the goods and services they are selling and so they measure their worth not in terms of honor or vengeance but simply in terms of revenues and costs. 

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