Execution is no longer scarce.
Coordination is.
When execution becomes cheap,
structures built to manage human labor
invert from efficiency mechanisms
into sources of drag.
now requires structure.
The firm does not fail because it is poorly managed.
It fails because its logic no longer matches the cost structure of execution.
Adding processes does not restore efficiency. Adding management does not restore control.
The system drifts because it was built for a scarcity that no longer exists.
A different unit replaces the firm.
Not a smaller organization.
Not a better-managed one.
A configuration that operates globally
without proportional human structure.
Costs approach zero
when it is not producing value.
When execution is automated,
advantage no longer comes from doing more.
It comes from deciding what persists,
what adapts,
and what is constrained.
Governance replaces production
as the primary scarcity.
This shift does not distribute power.
It concentrates it.
Productive capacity detaches
from institutions,
from geography,
and from labor.
What remains is control
over systems that no longer need permission.