8 ms·

I get it - it's tempting to solve the Harvard Business School issue by sending the MBA students to prison before they wreck havoc on the economy. But I'm not su

by flexie 9y ago

I get it - it's tempting to solve the Harvard Business School issue by sending the MBA students to prison before they wreck havoc on the economy. But I'm not sure their dads would pay the exceeding tuition. Also, there is the whole question of whether it would be fair to the other prisoners. Pretty soon the prison economy would be infested with cigarette derivatives and yard swaps.

andy_ppp 9y ago
I'd like to see what would happen in prison if these Harvard types destabilised the market...
- splike 9y ago
  MBAs destabilise the market? By taking a six sigma approach to introduce cryptocurrencies into the prison system, I don't see how it couldn't be a success.
- shagie 9y ago
  That was recently answered... http://www.marketwatch.com/story/new-series-casts-bernie-madoff-not-only-as-a-crook-but-a-product-of-a-corrupt-system-2017-01-12 http://www.marketwatch.com/story/new-series-casts-bernie-mad... > “Bernie really was a successful businessman with quite original insights into the market, and he’s continued applying his business instincts in prison,” Fishman said. “At one point, he cornered the hot chocolate market. He bought up every package of Swiss Miss from the commissary and sold it for a profit in the prison yard. He monopolized hot chocolate! He made it so that, if you wanted any, you had to go through Bernie.” The search for "madoff swiss chocolate" will find many more articles based on the above quote.
  - deleted 9y ago
    [deleted]
- walshemj 9y ago
  Just like in the producers :-) "While Max and Franz earnestly supervise rehearsals, Leo continues their old scam - overselling shares of the play to their fellow prisoners, and even to the warden. The song "Prisoners of Love" plays while the credits roll."
eumenides1 9y ago
Think of the economic efficiency we would achieve by just sending the HBS kids en masse to prison. Instead of wasting time and resources to select the "best" possible level of future criminal, we just throw the whole lot in jail.
usmeteora 9y ago
Back to the topic, prisons are just another haven for contract robbing. The prison contracts everything from security to mopping. Everything is 3x more expensive. Prison costs are a sink to our society. Except taxpayers foot the bill. Theres an economic incentive to keeping crime low and right now were all being robbed blind, in this area as well (because yes there are too many to count) The amount who are released within 5 years with little to no recovery or are going to end up in an even worse state, with even less of an ability to get a job, are more likely to continue to commit crime to make ends meet. Before we talk about Harvard grads destroying the eocnomy, lets talk about making it less and less likely for 75% of the people imprisoned to ever be able to contribute to society once they are released. We have a very protestant implementation of prison, they exist to punish people, not to reabilitate people or address the issues, and everyone ends up paying a higher cost with more damage in the end. Yes people who are doing serious crimes should be put away, but we know that most of the time thats not the case, and furthemore, we know that alot of serious crimes including rape, have men released within 5 years, while a first time offender selling green could land 15 in prison. Maybe.. http://www.takepart.com/article/2013/11/14/some-european-prisons-are-shrinking-and-closing-what-can-america-learn/ http://www.takepart.com/article/2013/11/14/some-european-pri...
- ffxtian 9y ago
  > Before we talk about Harvard grads destroying the eocnomy, lets talk about making it less and less likely for 75% of the people imprisoned to ever be able to contribute to society once they are released. Why not both?
- walshemj 9y ago
  To play devils advocate prison contracts have valid extra costs you have to vet contactors more than say an office cleaner. You also have to budget for extra security if your a contractor working in a prison you have to log all of your tools in and out to stop inmates nicking things that could be used as weapons or to aid an escape
  - cpfohl 9y ago
    I agree with who on the whole but I'm going to play....Angel's advocate? (What do you call the person playing devil's advocate to the Devil's advocate?) There is a (relatively famous) prison in Norway where the rehabilitation is so effective that the prisoner's are given these jobs and are handed chainsaws, picks, the keys to the boat off the island. The prisoners are the ones ferrying people to and from the prison. Sounds to me like (for the most part) we're doing prison wrong in the states.
hari_seldon_ 9y ago
Quick aside, many people who go to Harvard Business School receive financial aid or pay for it out of their own pocket -- the school determines need based on your assets and not those of your parents. While there probably are still students who get support from rich dads, it is not the same kind of only-for-the-rich place that you are depicting...
specialist 9y ago
Absurd comparison is meant to highlight the futility, not the [un]fairness.

by flexie 9y ago

andy_ppp 9y ago

I'd like to see what would happen in prison if these Harvard types destabilised the market...

splike 9y ago
MBAs destabilise the market? By taking a six sigma approach to introduce cryptocurrencies into the prison system, I don't see how it couldn't be a success.
shagie 9y ago
That was recently answered... http://www.marketwatch.com/story/new-series-casts-bernie-madoff-not-only-as-a-crook-but-a-product-of-a-corrupt-system-2017-01-12 http://www.marketwatch.com/story/new-series-casts-bernie-mad... > “Bernie really was a successful businessman with quite original insights into the market, and he’s continued applying his business instincts in prison,” Fishman said. “At one point, he cornered the hot chocolate market. He bought up every package of Swiss Miss from the commissary and sold it for a profit in the prison yard. He monopolized hot chocolate! He made it so that, if you wanted any, you had to go through Bernie.” The search for "madoff swiss chocolate" will find many more articles based on the above quote.
- deleted 9y ago
  [deleted]
walshemj 9y ago
Just like in the producers :-) "While Max and Franz earnestly supervise rehearsals, Leo continues their old scam - overselling shares of the play to their fellow prisoners, and even to the warden. The song "Prisoners of Love" plays while the credits roll."

eumenides1 9y ago

Think of the economic efficiency we would achieve by just sending the HBS kids en masse to prison. Instead of wasting time and resources to select the "best" possible level of future criminal, we just throw the whole lot in jail.

usmeteora 9y ago

Back to the topic, prisons are just another haven for contract robbing. The prison contracts everything from security to mopping. Everything is 3x more expensive. Prison costs are a sink to our society. Except taxpayers foot the bill. Theres an economic incentive to keeping crime low and right now were all being robbed blind, in this area as well (because yes there are too many to count) The amount who are released within 5 years with little to no recovery or are going to end up in an even worse state, with even less of an ability to get a job, are more likely to continue to commit crime to make ends meet. Before we talk about Harvard grads destroying the eocnomy, lets talk about making it less and less likely for 75% of the people imprisoned to ever be able to contribute to society once they are released. We have a very protestant implementation of prison, they exist to punish people, not to reabilitate people or address the issues, and everyone ends up paying a higher cost with more damage in the end. Yes people who are doing serious crimes should be put away, but we know that most of the time thats not the case, and furthemore, we know that alot of serious crimes including rape, have men released within 5 years, while a first time offender selling green could land 15 in prison. Maybe.. http://www.takepart.com/article/2013/11/14/some-european-prisons-are-shrinking-and-closing-what-can-america-learn/ http://www.takepart.com/article/2013/11/14/some-european-pri...

ffxtian 9y ago
> Before we talk about Harvard grads destroying the eocnomy, lets talk about making it less and less likely for 75% of the people imprisoned to ever be able to contribute to society once they are released. Why not both?
walshemj 9y ago
To play devils advocate prison contracts have valid extra costs you have to vet contactors more than say an office cleaner. You also have to budget for extra security if your a contractor working in a prison you have to log all of your tools in and out to stop inmates nicking things that could be used as weapons or to aid an escape
- cpfohl 9y ago
  I agree with who on the whole but I'm going to play....Angel's advocate? (What do you call the person playing devil's advocate to the Devil's advocate?) There is a (relatively famous) prison in Norway where the rehabilitation is so effective that the prisoner's are given these jobs and are handed chainsaws, picks, the keys to the boat off the island. The prisoners are the ones ferrying people to and from the prison. Sounds to me like (for the most part) we're doing prison wrong in the states.

hari_seldon_ 9y ago

Quick aside, many people who go to Harvard Business School receive financial aid or pay for it out of their own pocket -- the school determines need based on your assets and not those of your parents. While there probably are still students who get support from rich dads, it is not the same kind of only-for-the-rich place that you are depicting...

specialist 9y ago

Absurd comparison is meant to highlight the futility, not the [un]fairness.