"Roberts wants companies to recruit more senior managers from the shop floor rather than from universities." - this is very different from Bezo's Amazon shop floors. Maybe I heard this wrong, but I thought I read at Amazon once you enter as blue collar, you will never be promoted to white collar.
Real capital, such as Musk (bought Trump, a high value but quickly depreciating asset) and Thiel (bought Vance, a slightly less valuable but younger asset).
This feels like one of those goals that sound great to many people but is almost impossible to get from here to there. Whatever the benefits in the future, there would be so severe consequences for many companies and the stock market in the short to medium term that destroy jobs and peoples savings/investments/retirement funds that the end result is never achieved.
BS. MAGA wants to make Trump and his cronies like Musk even richer. Wealth concentration in the hand of the few, misery for the rest.
It's the biggest grifting and corruption the developed world has ever seen.
Capitalism as it was supposed to be, is dead.
Supply and demand was the basic idea for capialism to be self balancing and regulating. Total control of advertising and social discource has destroyed that, and what we now have is Capital that controls both, supply and DEMAND, as in they can self, supply, demand.
Needs a hard, HARD, reboot.
Professional management is a problem, but Roberts does not know why. Managers have to know more than the people they manage in order to inspect work product and enforce standards. Roberts does not want this. His approach is to substitute "merit" for seniority, but "merit" will be defined corruptly and standards will still not be enforced. His system will not earn anyone's respect or loyalty and its output will have no quality. No one will want to buy it, so close the borders so that they will have to buy it.
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[ 3.1 ms ] story [ 42.1 ms ] threadAnd fake capital, as in shitcoin addiction?
But those with votes losing their jobs and savings will.