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timtyler comments on Intelligence explosion in organizations, or why I'm not worried about the singularity - Less Wrong
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Why would you think $48b is at all interesting when world GDP is $70t? And show me a largest corporation in the world which manages to hold on for even a few centuries like a mediocre state can...
Massive profits seem like a pretty convincing refutation of the bizarre idea that corporations aren't that great at maximising profits to me. Modern corporations are the best profit maximisers any human has ever seen.
Lifespan seems like an irrelevant metric in a discussion about corporate intelligence.
Compared to what?
Ceteris paribus, long lifespan helps with generating profit: long-lived corporations accumulate reputational capital, institutional expertise, allows more amortizing of long-term investments, etc.
So: older companies mostly.
Death is much less of a significant factor than with humans, since old corporations can be broken up and the pieces sold. It doesn't matter so much if old corporations die when their parts can be usefully recycled. Things like expertise can easily outlast a dead corporation.