3 ms·
This is the unfortunate endgame of any system that depends on political promotion instead of 100% merit based advancement. My experience in the corporate world
by gmd63 3y ago
This is the unfortunate endgame of any system that depends on political promotion instead of 100% merit based advancement. My experience in the corporate world has shown me that a "skillpoint" in self-promotion is worth several more orders of magnitude than a point in actual skill. Perhaps this reflects actual value to companies as company-scale self-promotion seems to be what boards, seed stage investors, and other shareholders value lately more than long term company benefit to society.
Humans have made incredible advancements in our understanding of the universe, yet we still have a starkly incompetent understanding of how to measure who is fit to hold power.
- WalterBright 3y agoThat's where the free market excels. Companies making inferior decisions tend to go under.
- gmd63 3y agoNot entirely the case. Pump and dump schemes where seed stage investors sell to unassuming retail buyers in an IPO might be "companies going under", but if the free market rewards the creators of those schemes in premarket valuation etc, that behavior will proliferate instead of decline as society advances without putting them in check.
- WalterBright 3y agoPump and dump schemes are fraud and fraud is not legal in a free market.
- deleted 3y ago[deleted]
- gmd63 3y agoLook at the flood of SPACs that have declined 90%+ over the past few years after their IPO. Just because something is illegal, like speeding on a highway, doesn't mean it doesn't happen every day.