Why our economy collaspes? There are no business schools.


I’d like to know what the educational background is of the executive staff in The Fortune 100 companies.  I can guarantee that education outside of liberal schools represents less than 5%, maybe less than 3%.  I bet that 99.9% have a BS/BA, most from left leaning institutions.  Many will have MBAs from “top tier” business schools -HBS, Wharton, etc.  Some may even have doctorate level degrees in related fields.  

Have we ever stopped to think about what type of employee these schools are creating?  I can guarantee you that the degrees and education these students have received do not produce capitalistentrepreneurs.  These employees are activists, they are not really even business men and women.  Oh yes, they perform the day to day operations and are held accountable for profit and loss, however their view of the company and the country are not one of independence and autonomy from the government.  It is one of Corporate Social Responsibility and Public and Private Interdependence.  
These leaders of enterprize are now liberal not conservative.  Most have twisted notions of what made this country great in the first place.  Even if some few vote Republican and occasionally donate to the GOP or canidates this is simply playing both sides of the field.  We know the difference between true blue dyed in the wool conservatives and casual RINOs or even establishment Republicans.  I ask again: what is the difference between Republicans In Name Only and Republicans?  Out leaders of industry are no better than the crooks in charge of government or the loosers teaching from their ivory towers.  
The executive suite in Fortune 100 or 500 companies are not people who seek to confront government control of industry in favor of free market liberty. They agree with socialism in principle and will bow to the wishes of government. They have been given their positions of power in industry presisely for this reason.


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You get what you pay for.

djemi (Diary) Tuesday, March 3rd at 3:13PM EST (link)

loosers teaching from their ivory towers

You got that right, those that can do those that can’t teach, but then again I was never tought anything I learnt, I learnt because I wanted too, I for one think a better discription of teacher would be pressenters.

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That's why

Menlo (Diary) Tuesday, March 3rd at 4:16PM EST (link)

That’s part of the reason I so vehemently oppose government funding of colleges, student aid, Pell grants, student loans, etc. It’s like a taxpayer-funded campaign for the DNC. Unfortunately, most people are of the mind that opposition to such funding means I want people to be stupid or without good-paying jobs.

The truth of the matter is that college is not a wise investment most of the time, ironically especially when it’s most expensive. It too often doesn’t teach anything useful for doing anything but working AT the college or finding new ways to sneak unpopular liberal ideas into public policy. “Law” schools teach how to violate and flout the law. “Science” is teaching that we need to ban flush toilets and treat human life as a commodity. “Psychology” is teaching people how to be mentally ill! Meanwhile, these people can’t even use pronouns correctly.

“The ultimate touchstone of constitutionality is the Constitution itself and not what we have said about it.” -Felix Frankfurter

 

As someone with an MBA...

fmaidment (Diary) Tuesday, March 3rd at 7:23PM EST (link)

…from a top-40 MBA program (not to brag), I can say that what you are describing is not completely true, nor even relevant. Some of the professors are liberal. Some are conservative. Some are even socialists; and some, like my irascible microeconomics professor, are free-wheeling free-marketers who simply believe that all politicians will take from those who don’t vote for them and give to those that do.

Yeah, even in B-school, most professors are more moderate, even liberal, than you or I. Rarely by the time someone reaches the MBA level will this make a difference in the student’s belief system.

The real problem isn’t one of liberal professors in “top-tier” B-schools. There real problem is that these students are taught, from the day they enter Kindergarten, that government is there to protect them. They carry this belief with them their whole life, into business school (where liberal profs simply confirm it), and into the business world.

Then, when they screw up, they go crying off to mommy (the Feds) to come fix their boo-boo.

Welcome to the world of government education. Send your kids to private school…

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“I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it.”
– - Thomas Jefferson, to Archibald Stuart, 1791

With all due respect to Fred, I hate MBAs!

Achance (Diary) Tuesday, March 3rd at 7:36PM EST (link)

I have been afflicted with a bazillion little punks with MBA degrees with the ink still wet for my whole career. The only field that is worse than the law for giving students an ego and no reason to have it is business!

The guy who can do all that project management crap and all those linear regressions and all the useless crap that these people do should be a super clerk and a briefcase toter, not a CEO. Now I know there are very successful managers and CEOs who have an MBA or even a doctorate in some kind of finance or management weenie stuff, but I submit that they had it in their genes to be the guy in charge and getting the paper was just something they added for extra legitimacy.

Close the biz schools! An entrepreneurial spirit and some leadership skills; the kind that are in your genes not your textbooks, are what lead to success. Once you have your business going, you can hire the superclerks to do nice spreadsheets and PowerPoint presentations for you.

In Vino Veritas

The letters at the end of one's name...

fmaidment (Diary) Tuesday, March 3rd at 10:31PM EST (link)

…are quite meaningless.

Like the butter-bar lieutenant who thinks he knows better than his Top Sargent, a newly minted MBA can be an incredible leader, or a total dud. It’s not the degree, it’s the man (or woman).

Hating MBAs is about as meaningless as hating MDs. Each one has his or her own talents, beliefs and methods. That most of them don’t know where they should be directing their energies is a given.

I agree with you, though: An entrepreneurial spirit and some leadership skills are the keys to real success. Statistical regression analysis and project management are skills, tools that help you get there; they are not a substitute for leadership and intrepidity.

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“I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it.”
– - Thomas Jefferson, to Archibald Stuart, 1791

 
 

Not the professors

Menlo (Diary) Tuesday, March 3rd at 11:38PM EST (link)

Students are more influenced by their peers than by their professors. Today, students themselves are the ones virtually running the whole school.

The instructors where I was in college usually gave no indication of their ideology, though there was a surprising balance among the few who did. Anyway, it has been obvious from my experience that students are not the least bit influenced by an instructor’s ideology. Besides experience, I’ve seen polling and studies that have also revealed it is indeed fellow students who make the difference.

I think the liberalism stems from the fact that liberal students are more likely to promote their ideas with passion and enthusiasm. They are more motivated and more serious about politics. The same has been happening on a larger scale nationwide in recent years.

“The ultimate touchstone of constitutionality is the Constitution itself and not what we have said about it.” -Felix Frankfurter

 
 

I'm Guessing

lapert Tuesday, March 3rd at 11:03PM EST (link)

I’m guessing you have never sat inside a boardroom or a corporate planning meeting or business performance review meeting with the CEO and CFO, have you?

This is not in any way an honest representation of corproate executives. Or do you think all that risk taking was just a plan to force a collapse of their businesses to ahve an excuse for government takeover…

 

To put on a finer point

ArchTriumph (Diary) Wednesday, March 4th at 11:34AM EST (link)

My point is that the CEO’s of the top 100 companies in the US have enormous power and they are not using it to further the free market while protecting our country. They are not even making a profit for shareholders. Why is that?
My position is not that degrees are useless or that by attending a liberal school one is destined to fail as an executive or that all business school professors are socialists and worse neo-Marxists.
What I am simply pointing out is that America used to have business owners who built companies and their careers based on personal drive and merchant ability and respect for this nation. Now that is not the case, as a country we’ve institutionalized our industry and made certain education a prerequisite for leadership instead of leadership itself.
Even more important is we have no place for moral leadership in commerce that recognizes the unique greatness and purpose of our country. This is severely lacking in the large and powerful companies in this country, as demonstrated by their tacit participation in, their preparation for and reaction to the election of Barrack Obama and his subsequent administration vis a vie this so called “Economic Crisis.”
What this means is that by and large these men and women are philosophically opposed to and mainly ignorant of the principles that founded this country. How would they react to Milton Friedman’s article The Social Responsibility of Business is to Increase its Profits. ‘I read it. I can *regurgitate some facts in support and opposed*.” But it doesn’t penetrate their worldview. They don’t really believe that this is the bedrock of our marketplace and system of economics. Unless of course, in their minds they warp The Social Responsibility of Business is to Increase MY Profits. We need to wake up, these businesses are not the last bastion of freedom – they too have been co-opted into a subservient second tier position within the government-media complex.

Reality’s Sylogism. Unflappable, Unashamed, Unabashed, Unapologetic.

 

Again

ArchTriumph (Diary) Wednesday, March 4th at 11:38AM EST (link)

… The problem is that we don’t have BUSINESS schools. These schools don’t really teach business. They teach “How to Succeed in Business Without Really Trying…”

Reality’s Sylogism. Unflappable, Unashamed, Unabashed, Unapologetic.