Why Leeks Are So Easy to Cut: Because You Can Mow Them Openly
The root cause of the wealth gap is information asymmetry, yet information simply cannot be made symmetric.
If one side cuts too deep and the other can't take it anymore—crying and making a scene—then the venue's operators have to step in to soothe and mediate.
But what's the essence of that soothing? It's making the winner hand over some money. But what if the winner has no money either?
That's perfectly normal.
Because the company operates under limited liability, the platform may have no money—or even be deeply in debt.
Of course, this doesn't mean the executives are broke. But they've already legally taken their compensation in the form of salaries and bonuses—money you can't confiscate.
There's a brilliant concept called the professional manager—the career employee. A company can go bankrupt, but its executives must stay wealthy. #ReadingNotes