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Lie More, as a Business Model

economix.blogs.nytimes.com

21–30 of 56 posts

Re: Lie More, as a Business Model

#22

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…

This isn't about spreadsheet crunching, or even shareholder value. It's about personal incentives - unlimited upside, limited downside, and no concern on the ethics involved.

Re: Lie More, as a Business Model

#25
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.

I'm not sure that providing subsidies to large banks and refusing to enforce the law when they commit crimes is a laissez-faire approach to corporate regulation.

Enforcing a law? You mean a law regulating business?

gasp

Someone fetch the smelling salts, I think I may faint!

Re: Lie More, as a Business Model

#26
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.

Who's freedom are you maximizing? The freedom of those who put their money in the bank or those who manage that money?

Re: Lie More, as a Business Model

#27
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.

Sure. On the other hand, in the long run we are all dead.

Re: Lie More, as a Business Model

#28
BECOMING a business model?

The liars tend to win, because they make the superior claims. And for whatever reason, the customers can't give up on the idea that maybe this ONE outrageous promise, this ONE time, is actually for real.

It's like playing the lottery: Statistically you're better off running outside and screaming "THROW MONEY AT ME". But people still play.

Re: Lie More, as a Business Model

#29

BECOMING a business model? The liars tend to win, because they make the superior claims. And for whatever reason, the customers can't give up on the idea that maybe this ONE outrageous promise, this ONE time, is actually for real. It's like playing the lottery: Statistically you're better off running outside and screaming "THROW MONEY AT ME". But people still play.

> running outside and screaming "THROW MONEY AT ME"

On Sand Hill Road, these days, that seems to work.

Re: Lie More, as a Business Model

#30
post #10
post #5

Earlier quoted context omitted.

I have a bridge I'm looking to sell.

Not to mention "snake oil" liniments and other forms of quackery.

Obligatory: real Chinese snake oil is a valid cure. http://www.scientificamerican.com/article.cfm?id=snake-oil-s...

The problem then (as now) was charlatans claiming similar properties from substances which lacked the original's active ingredient: high Omega-3 oils.

I see this as the fundamental Zen and the Art of Motorcycle Maintenance problem: what is quality, and how does one identify it?

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