The Importance of Hierarchies in a Distributed Market Economy

"I've been trying to, let's say, steal man, the positions of the left," he says. "The dialogue between the moderate left and the moderate right is what keeps our ship stabilized essentially" He argues that if your hierarchy is functional, the more competent people rise to the top. But it produces the disadvantage of making a lot of people stack up at the bottom - which tends to happen in today's society.