Re: Itanic is sinking

From: Robert Klemme <>
Date: Sun, 20 May 2012 23:37:22 +0200
Message-ID: <>

On 20.05.2012 01:28, Mladen Gogala wrote:
> On Sat, 19 May 2012 12:42:44 +0200, Robert Klemme wrote:
>> I think Joel was referring to the exaggerated believe in the market and
>> the consequences for mindsets around the globe - especially in financial
>> industry.
> Having grown up in the communist Yugoslavia, I know from the personal
> experience that free market is much more efficient than any state
> controlled ventures.

That's true. Some would add that this efficiency extends to ruining many people's lives and the environment.

> However, this is a single company, there is no
> politics here, just the question of efficiency.

I understand Joel's point here as wrong decisions (according to your measure) being an outcome of a prevalent economical fashion. Of course that's not limited to a single company.

And the question of efficiency is harder to answer than it might seem at first glance: efficiency is always measured against a goal. If the goal is short term stock market magic then the measures might actually be efficient. Long term success of a company is of course a completely different goal which is probably effectively reached with another set of measures. The current set up of the environment (laws, regulations, expectations of analysis) seem to favor short term goals though.

> Furthermore, this is not a political group. I am reluctant to bother
> people with politics. Sex and politics are not to be discussed if we want
> to stay polite and civilized.

I am not too good informed about all the details of US policies but I assume Joel just wanted to pick a catchy name for a certain management fashion which has become prevalent in the last decade(s) and to which Republicans seem to be attached to. But I should probably stop interpreting him. :-)

 > That should also include soccer, but unfortunately, it doesn't.

Btw, it's called "football" and not "soccer" (or, even more accurate in my part of the world which looks forward to a big tournament a few weeks from now in this discipline: "Fußball"). :-)

Kind regards


remember.guy do |as, often| as.you_can - without end
Received on Sun May 20 2012 - 16:37:22 CDT

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