@SteveThompson @maxleibman

Yep, basically Facebook/Meta for #MBAs and wannabees....

@pluralistic The best description of the market I’ve heard is that it’s a self licking ice cream cone. Decades ago it was based on rational fundamentals, but with high frequency trading it really is just a popularity contest sniffing its own farts. A decade with #tsla was elucidating

We don’t get #enshitification to this extent without the #mbas and #lawyers We need more builders and less takers. Teach the kids to be creators, not consumers

"For an MBA student from a prestigious institution, wealth accumulation can begin immediately after graduation, if it hasn’t begun already. The median graduate from the University of Pennsylvania’s Wharton School, for example, might earn $175,000 in their first year out. Unlike law and medicine, where every practicing professional holds an advanced degree, an MBA is optional for aspiring capitalists.
(...)
Their time came at the turn of the twentieth century, as the massive bloating of American industry fueled demand for a new professional class to coordinate the organs of moneymaking. Business schools emerged as finishing schools for top managers, delineating and legitimizing them as both keepers of special insight within the corporate world and academic peers to lawyers, doctors, and clergy, whose respectability they desired but could not easily attain. If a salty Harvard classics major would not offer the managers their due praise, then a business school could.

In the business school, technical curricula are embedded in a matrix of ideological validation: not only the insistence that solutions to societal ills should be routed through a business framework and that a business career amounts to a more noble cause than profit maximization, but that profit maximization is itself a virtue.

Here, neoliberal capitalism is taken for granted as a moral absolute and inescapable reality. At best, greed might not be considered good, but it will always be necessary in a world where market logic dictates behavior and there is no alternative way for human life to be arranged. Business schools are themselves dictated by market logic: If capitalism is the end of history, and if companies need hierarchical management to function, then the capitalist economy’s demand for trained managers will never subside, making the supply of such individuals an endlessly generative enterprise."

https://jacobin.com/2025/08/business-schools-capitalism-ethics-managerial

#BusinessSchools #Management #Capitalism #Ethics #MBAs

https://www.theguardian.com/us-news/2024/feb/15/recycling-plastics-producers-report

#Money is only a concept we all agree to believe in - pursuing #profit above all else is killing us all.
#Economists and #MBAs - stop, now, and look at the bigger picture. Please.