There is no such thing as competition. As soon as a business does something that sets it apart, it’s immediately hounded by business school people who want to profit off of lowering standards and raising prices.
It’s why everything is so expensive and wages are trash. The whole point of going to business school is to ensure that businesses are always doing the bare minimum while charging the maximum people are willing to pay.
My mother told me she took some sort of business class in college as an elective. The professor said something like “there are no ethics in business. There’s only the law.”
She dropped the course in disgust.
The professor said something like “there are no ethics in business. There’s only the law.”
My wife the tramp.
Back when I was in my early 20’s I once had an interview with the owner of an IT support business. He asked me what would I do if there was a sales person that was selling services that the company didn’t have the skillset for, and I said something along the lines of stop the guy from miss selling, identity if what he is trying to sell is a genuine area for growth, skill up staff and then offer the service.
He said I was wrong, the sales person was doing his job perfectly and it was up to the rest of the company to try and figure out how to fill that gap. I was offered the job but turned it down as I didn’t think that was ethical.
Blame Reagan.
A big part of deregulating banks back in the 1980s was shifting away from expensive manufacturing to cheap financial services. Instead of investing in bringing US factories back, Reagan’s polices sent the actual work overseas and left management here.
And dodge brothers vs Ford forcing corps to only be for shareholders value
You get that when deregulating one area at the expense of even further strangling others with regulations (a regulation keeping an oligopoly or a protectionist one is still regulation).
BTW, the most common visible problem of libertarian models. They get the absolutes right, but ignore the relative. This means that those following them ignore transient processes, and the model breaks halfway.
And MAGAs will say Trump will fix this with the tariffs.
No, they’ll tell you he already fixed it…
Because Regan was the President of China when capitalism was enshrined.🙄
Regan
Ronald Reagan was President of the US from 1981 until January, 1989.
I tried to find information on the President of China in 1750 AD. Nothing came up.
So Regan created capitalism⸮
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I want to argue with this, but it wouldn’t be much of a rant community if it talked back.
Also you’d be wrong
They had to be the kind of person to want to fuck everybody else over first - school just showed them how to accomplish their goals if they were selfish & driven enough to do so.
MBA stands for maximally bad agents
If you know anyone who’s gone to business school you should disrespect them continuously
The business school people are doing exactly what they are incentivized to do. This is the goal of capital, maximum extraction, minimum outlay. These contradictions are inherent to the very economic system, not simply the result of individual ghouls.
I was in college in the late 90s and remember being in Intro to Business. One of the exercises we had was something about looking at a list of applicants and choosing who to hire. The teacher had looked over everything and got disgusted and read a bunch of replies in front of the class. The answers were basically all about who seemed to be the most exploitable at the advantage of the fictional company, ie who would work overtime they didn’t want to but they had family to support, etc. He couldn’t believe that people were looking at business that heartlessly.
It really gave me a bit to think about, and I remember that more than anything else from that class, but it seems a lot of others really felt they were on to something, since that seems to be how things played out. Maybe my teacher was too idealistic or this was still just Reagan era economic policy kicking in, but it does feel like this is the kind of business world we’ve built since then.
They just leave all the ethics they were taught behind.
With private equity taking over every aspect of daily lives, this is only going to get much worse.
Business school is only a symptom of the problem. I blame genetics! The type of people who hold this view have always, intentionally or not, made it look like the best system. Adopt this approach and those that began it, and their brethren will reward you. Alternately you’ll do well anyway because ultimately it’s the best way to make money. The problem is it’s also the best way to make enemies if the greater balance isn’t maintained. How is this genetic? Well I just think it’s the way some people are wired. I know there’s no doubt that you’re environment plays a big roll, but in combination it can be catastrophic. Either way it doesn’t seem anyone has recognized this. By that I mean society keeps getting sucked along and the decades of mentioning of anything of this sort, is quashed. When will we wake up? I’d like to add that once you gain more control it is easier the keep the ball rolling.
