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"...from a theoretical point of view any business firm, a mom and pop grocery store for example, is a market failure. The business firm has a technical description in modern economics: it's a local solution to market imperfections when the transaction costs are too high. In ordinary language, the firm is a market imperfection because it is administering economic interactions internally, and not through the market. When you go from a mom and pop grocery store to General Electric, you're talking about an enormous market imperfection. And it's a recognition by the capitalists themselves that the markets are simply too destructive to function..."

Chomsky 2003? interview, introduction to Anton Pannekoek's Workers' Councils

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