Earlier quoted context omitted.
It's impossible to tell the spirit in which this comment was intended.
Apologies. Have edited for tone.
It turned out like I hoped you meant it.
Lie More, as a Business Model
31–40 of 56 posts
Re: Lie More, as a Business Model
#32Obviously 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.
I don't know why you got down-voted to oblivion. I found your sarcasm to be pretty funny, personally.
Re: Lie More, as a Business Model
#33I 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.
Yea, the wrong incentives can be worse than no incentives at all.
Re: Lie More, as a Business Model
#34The press is the watchdog of things like this.
Unfortunately the press has been gutted and all the old white men with years and years of experience have left being replaced by people like Catherine Rampell (attractive, young, and only 5 years out of Princeton).
This is not a rant against woman (I've seen this pattern with both young men and young woman) and it's not a rant against young people (there are some areas where you want a young person personally I don't feel that economics (while not brain surgery) is one of them).
http://www.linkedin.com/in/catherinerampell
http://topics.nytimes.com/top/reference/timestopics/people/r...
Here is Catherine on TV:
http://www.c-spanvideo.org/program/300818-6
Most interesting is that she actually founded the economics blog 1 year out of Princeton.
Edit: Not to mention the money to keep an eye (and hire experienced people) is also not there anymore, not supported by legacy advertising monopoly.
Re: Lie More, as a Business Model
#35hasn't lying has always been a business model?
It's been a business practice, certainly. And it's been part of law and lore since the dawn of history. The code of Hammurabi includes punishment for false witness:
http://www.jstor.org/stable/3153879?origin=JSTOR-pdf
In Dante's Inferno, the penultimate (8th) circle of hell is for the fraudulent (the 9th and innermost is for traitors -- another form of fraud, if you like): http://www.wolfram.demon.co.uk/rp_dante_hell.html
Re: Lie More, as a Business Model
#36Earlier quoted context omitted.
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!
This is the discourse equivalent of going to a party, pulling your pants down in the living room and taking a shit on the floor.
Re: Lie More, as a Business Model
#37The press is the watchdog of things like this. Unfortunately the press has been gutted and all the old white men with years and years of experience have left being replaced by people like Catherine Rampell (attractive, young, and only 5 years out of Princeton). This is not a rant against woman (I've seen this pattern with both young men and young woman) and it's not a rant against young people (there are some areas w…
The press is also highly compromised when it consists of and is driven by business interests: Disney/ABC, Time-Warner (CNN), GE (NBC), Murdoch, ClearChannel. Even PBS and PRI see major funding from the Koch brothers, WalMart, Comcast, and other major corporations.
Or oppressive states (curious how RT and XinHua are growing at present).
Re: Lie More, as a Business Model
#38I 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…
So, time for technology to fix this, right?
Re: Lie More, as a Business Model
#39I've been searching for a business co-founder for a while, and this is one of the things that turn me off about some business people. They seem to believe that a business is built with Hype and not a real product. Sure, that is how you might get some funding, but its not how you build a sustainable business.
Re: Lie More, as a Business Model
#40Lying is a business model for too many businesses; I'm reminded of Go Daddy's wholly-owned subsidiary, Standard Tactics, and how the latter would register expired domains, while Go Daddy would volunteer to "negotiate" with itself (see the whole account here: http://domainnamewire.com/2008/12/03/standard-tactics-llc-ho... ).
It's very hard to fight this sort of thing, as an individual, much like it's hard to avoid Barclay's (or its larger competitors, like Bank of America or Chase).