4 ms·

Can you give examples of zombie institutions?

• Mathnerd314 2y ago
  He did: > Universities, government agencies, big tech monopolies, public sector unions, complacent companies in industries that haven't changed in 50 years so: Harvard, FDA, Google, American Postal Workers Union, State Farm. Also banks, I would say.
  • JumpCrisscross 2y ago
    > Also banks, I would say Banks get “torn apart and cannibalized” more frequently than industrials.
    • InsideOutSanta 2y ago
      That often doesn't seem to be a result of competitive pressure, but of hubris. I think in many of those cases, in the framework set out by the article, the sociopaths would still be in charge of the company.
      • JumpCrisscross 2y ago
        > often doesn't seem to be a result of competitive pressure, but of hubris Column A / Column B. If hubris is the root, the less hubristic competitor takes it over on failure. If competition causes excessive risk taking, the better-managed bank wins. The system really only loses when competitive pressure causes everyone to lower their guard, which happens, which is why banking has to be tightly regulated. (And this is true with or without fractional reserves.)
    • Mathnerd314 2y ago
      Well, big banks. Like Wells Fargo, still limping along. And maybe Boeing is in the "complacent industry" category, also recently in the news.
• dilyevsky 2y ago
  Boeing? Id look at old school defense and enterprise b2b corps. In a lot of cases they sell out of date products and if they somehow lost all blueprints / source code they probably wouldn’t be able to even reproduce it because no one there even knows how it works
  • deleted 2y ago
    [deleted]
• blitzar 2y ago
  From the outside organisations appear functional and like they mostly have it together. When you are sitting inside, practically every organisation and particularly those at scale, feels like a zombie.