Posts Tagged ‘philosophy’

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short

 

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What you would expect from a den of snakes.

Column: This is what happens when you take Ayn Rand seriously

An outspoken advocate of free-market economics and fan of the novelist Ayn Rand, he created the model because he expected the invisible hand of the market to drive better results. If the company’s leaders were told to act selfishly, he argued, they would run their divisions in a rational manner, boosting overall performance.

Instead, the divisions turned against each other — and Sears and Kmart, the overarching brands, suffered. Interviews with more than 40 former executives, many of whom sat at the highest levels of the company, paint a picture of a business that’s ravaged by infighting as its divisions battle over fewer resources.

It got crazy. Executives started undermining other units because they knew their bonuses were tied to individual unit performance. They began to focus solely on the economic performance of their unit at the expense of the overall Sears brand. One unit, Kenmore, started selling the products of other companies and placed them more prominently than Sears’ own products. Units competed for ad space in Sears’ circulars…Units were no longer incentivized to make sacrifices, like offering discounts, to get shoppers into the store.

 

The same outcome is headed to America at large.

 

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One might argue that arguments are competitions. Hey. I just did.

Totalitarianism

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Galt’s Gulch Chile self-immolates as a Ponzi scheme. Couldn’t have happened to a more deserving bunch.
Libertarian ‘Utopia’ Styled After Ayn Rand Book Spectacularly Falls Apart Almost Immediately

Every promotional YouTube video made to entice suckers freedom-lovers has been taken down. The GGC website comes back with an error message. Ken Johnson is in the wind.

It’s almost as if basing a community around people who hate other people and don’t want to have to pay for any services that don’t directly and concretely benefit themselves is inherently unstable. Who would have thought?