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Moments like this actually give me some hope. Perhaps younger generations will use this as an example of how corporate America is no ones friend. They don’t car
by poulsbohemian 8y ago
Moments like this actually give me some hope. Perhaps younger generations will use this as an example of how corporate America is no ones friend. They don’t care about you as an employee, they don’t care about their customers, and they don’t care about politics unless it gives them an unbridled revenue stream. So much of what’s taught in B-schools is such a lot of malarky compared to real-world capitalism, which has nothing to do with the simple ideas of building a good product, containing your costs, etc. It’s all shenanigans and financial engineering, to the benefit of the few in power, where executives are replaced when they fall out of favor, rather than their obvious incompetence. As pointed out here, Sears could have been something akin to the juggernaut that is Amazon today - maybe even bigger. But that would have involved work, and greed always opts for cheap and fast.
So, you want a lesson kids? If you aren’t freelancing, building your own company, seeking ways to be part of the financial engineering games, then you are really just one paycheque away from being out on the street. I’d like to think that with enough recessions, with enough pump-and-dump, with enough scheming, that eventually enough people will decide to create their own businesses, and maybe we’ll see small businesses, small towns, and real capitalism reborn.
- throwaway456321 8y agowhy is this comment grayed out? "shenanigans and financial engineering, to the benefit of the few in power, where executives are replaced when they fall out of favor, rather than their obvious incompetence" Right on the money!
- poulsbohemian 8y agoIt's ok, I've learned to just throw karma to the wind and speak my mind. Some will upvote, many with downvote. I find it fascinating from a sociological perspective which way the HN crowd will go on any given day. There are some really insightful folks here with amazing backgrounds and a lot to share, but there are also a lot of perspectives I can't quite put a finger on.