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How to use bureaucracies

[T]he owner can lose control of the bureaucracy over time, as
bureaucrats convert borrowed power into owned power by
exploiting information asymmetries. While owners will try to
limit the owned power of their bureaucrats, the bureaucrats
will have more than enough time to study the instruments of
their control and will learn what is rewarded and what isn’t.


Dated: 2018-07-23
Category: quote