Over-Diversification: Keeping an eye on opportunities for expansion is an important part of maintaining a healthy and successful business. But too much emphasis on diversification can be a bad thing, according to the study.Are you saying that this doesn't happen to governments?
Take Amazon.com. The e-retailer leveraged its success away from music and books and into unrelated areas and got burned. For example, its furniture store, a partnership with Living.com, was shut down last August when Living.com folded.
Over-diversification is a problem because growth and innovation alone aren't sufficient means for achieving lasting success. Innovation must be tempered with efficiency, profitability and true wealth creation, according to the study.
I would agree that growth and expansion are not a moral ambition for the government, but that doesn't seem to stop them.
In what way do you think this principle applies to libertarianism? Or were you using a different definition of "over-diversification"?
Over-diversification, as I posed to Lchris in political theory, is an apparent "strength" to him or her (don't know which by the name). Thus, I speak of over-diversification being the cause of a poor theorectical basis for the philosophy of libertarianism.
It appears to lack glue and cohesiveness. The libertarianism, say, of The Cato Institute and of a site like LewRockwell.com appear different outside of the non-initiation of force idea. Which one is the most indicative of libertarianism? If it is up to the interpreter, then you must admit that all interpretations of libertarianism are correct.
If not, which definition is correct? And what is this called? Circular-reasoning.
Over-diversification, therefore, makes libertarianism weak in its ability to gain any headway in its success of seating its members in seats of Congress, which is the point of any political party and its philosophy. Otherwise, it is just mass theorizing. And this is not surprising, seeing that as you mentioned Amazon.com weakened itself by overreaching.
You can't be good at everything.