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Lie More, as a Business Model

economix.blogs.nytimes.com

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Re: Lie More, as a Business Model

#11

Post by moocow01 »

I used to buy into the MBA mentality.

Now I really think MBA / todays managerial wisdom is slowly destroying the world. The business climate in most corporations is plain awful and most people don't even realize because they don't know what a healthy business environment looks like.

It seems that these days that as long as your numbers on your spreadsheet match up, it doesn't matter how you got them to match just as long as they match up somehow. Lying is just one of the many unethical techniques that are now common tools to deliver shareholders "value".

Re: Lie More, as a Business Model

#12

Post by leot »

pohl wrote: post #8
leot wrote: post #7

Don't worry, in the "long run" the laissez-faire approach to corporate regulation will "end up" minimizing malfeasance and maximizing freedom. Liberty just needs more time. Like, say, another year. Two, max.

It's impossible to tell the spirit in which this comment was intended.

Apologies. Have edited for tone.

Re: Lie More, as a Business Model

#13

Post by Spooky23 »

Obviously the author of this article is a socialist... The financial industry is driving innovation by applying the principles of capitalism.

The only reason the bankers are lying is that government meddling is making their capitalistic process illegal. Of you want bankers to be 100% truthful, don't tie their hands behind their backs with quaint concepts like usury, proper underwriting of loans, etc.

Re: Lie More, as a Business Model

#14

Post by mc32 »

leot wrote: post #7

Don't worry, in the "long run" the laissez-faire approach to corporate regulation will "end up" minimizing malfeasance and maximizing freedom. Liberty just needs more time. Like, say, another year. Two, max.

What happens when there are substantial barriers to entry _and_ there is collusion; how would "laissez-faire" economics deal with it, in timeliness which would make it tenable for actual people.

I'm actually curious to know.

Re: Lie More, as a Business Model

#15

Post by jimboyoungblood »

moocow01 wrote: post #11

I used to buy into the MBA mentality. Now I really think MBA / todays managerial wisdom is slowly destroying the world. The business climate in most corporations is plain awful and most people don't even realize because they don't know what a healthy business environment looks like. It seems that these days that as long as your numbers on your spreadsheet match up, it doesn't matter how you got them to match just as…

it's not just an mba or big company problem.

i've seen some outrageous misrepresentations made by startups/founders. not talking about random guys off the street either- these have been funded by well-known VC's and accelerators. as an investor, i've learned to be very wary..

Re: Lie More, as a Business Model

#17

Post by pcrh »

What is probably unsurprising, but should have been expected, is that banks and major business interests got seriously upset when they found that they were lying to each other.

Clearly the earlier financial upsets, which were caused by them lying to the public, were not really their fault.

Re: Lie More, as a Business Model

#19

Post by eru »

Spooky23 wrote: post #13

Obviously the author of this article is a socialist... The financial industry is driving innovation by applying the principles of capitalism. The only reason the bankers are lying is that government meddling is making their capitalistic process illegal. Of you want bankers to be 100% truthful, don't tie their hands behind their backs with quaint concepts like usury, proper underwriting of loans, etc.

In that vein, it's probably best to get rid of deposit insurance, too.
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