Why Valve? Or, what do we need corporations for and how does Valve’s management structure fit into today’s corporate world? | Valve

And that’s for comparatively structured questions, like “What is the optimal way to convert input X into output Y?” It’s even harder for uncertain jobs, like “What should input Y be?” Was the team that designed the “like” button more productive than the team that produced Slack’s “emoji react” feature? We can argue indefinitely. Maybe the “like” ti... See more

"The company might develop the same computer program six times. But, the advantages of local autonomy are so great, we think it’s worth it.” Any of you who have worked in a modern corporation know how unusual this mentality is. Who would allow the same company to develop the same software six times? Why not increase knowledge sharing and syner... See more

The market that surrounds most corporations is a diverse web of competition and collaboration. But look inside the corporate walls and you’ll find a Legrand Star. This has always been a contradiction at the heart of Hayek-influenced libertarianism; it prioritizes decentralized decision making over all other configurations except when it comes to th

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If we let everyone decide for themselves how they were best fit to benefit humanity, with no restrictions at all, how could they possibly end up with a distribution of labor more inefficient than the one we already have? This is a powerful argument for human freedom.

At the time, a fierce debate was raging about whether centrally planned economies like that of the Soviet Union—in other words, economies where there was a single core responsible for creating and distributing goods and services—worked better than free market economies where planning and production were done by an undirected, decentralized crowd. M

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