Unofficially. People start business for their benefit. Hiring family members is a good way to keep most of the money in the family. Similar with making deals with close freinds; like hiring your plumber buddy at the apartment you own and trying to pass the bill to the tenants or something. The thing is that nepotism just makes sense in a lot of places.
King also needs a few competent officers, but the highest management needs to be loyal. A corporation works similarly. When is the last time a CEO reported their own pollution or other wrong doing as a company?
Unofficially. People start business for their benefit. Hiring family members is a good way to keep most of the money in the family. Similar with making deals with close freinds; like hiring your plumber buddy at the apartment you own and trying to pass the bill to the tenants or something. The thing is that nepotism just makes sense in a lot of places.
Right, only in the same way meritocracy manifests itself in a capitalist system. In this way a 1 to 1 comparison to a monarchy can’t be made.
King also needs a few competent officers, but the highest management needs to be loyal. A corporation works similarly. When is the last time a CEO reported their own pollution or other wrong doing as a company?
Capitalism isn’t about establishing monolithic corporations. We’ve made it that and maybe that’s a result but it’s not built into the system.