Agai nst the mi crofoundati on hegemony

Abstract

We use recent insights from evolutionary form of the corporation bind investors to the biology and the principle of biological provision of permanent capital in a similar way relativity to reveal the remarkable parallels between to that of fusion of organisms in biological forms of cooperation in biology, business processes, creating a form of symbiogenesis. The and economics. The principle of biological relativity higher order conditions imposed on the agents of states that there is no privileged level of the firm provide an organising principle and the causation. The creation of higher levels of organisation existence of the lower level agents is a necessary and regulation constrains the components condition for the creation of the higher-level of co-operation in a form of downward constraints. causation. The upward and downward forms of Furthermore, the process of entry into new causation are not equivalent. Downward causation business environments resembles that of symbiosis is an organising principle arising from the or symbiogenesis in that the interaction is ordered creation of the ‘initial’ and ‘boundary’ asymmetric; the subsequent process is dynamic, conditions experienced by the lower level components. resulting in super-additivity. The dynamic processes But the existence of the lower level components can create higher levels of organisation, is also the necessary condition for the such as new business models involving cooperation creation of the higher-level constraints. between businesses, corporations, regulators Very similar processes are at work in corporations. and governments. These in turn constrain The restrictions imposed by the legal the entities forming the new process. Show more