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the people who wanted "everything run like a business" also transformed how businesses were run, and it broke those too.
(they transformed businesses into the idiot share-price maximizers of pathetically stylized economic models, which is not how most businesses actually functioned before 1970!)
@interfluidity It’s funny that “maximizing the share price of the U.S. government” (to the extent that makes any sense) would in practice probably mean nationalizing most industries and the stock market itself while going deeper into debt. Gotta borrow some money to snatch up Cantor Fitzgerald and Tesla and return the cash to the citizen-shareholders and keep the Congress-board of directors happy.
@interfluidity so true. And mostly the shareholders who control" companies don't have any idea of what the people working there actually do. All they wanna see is growth rates. And they jump off like rats when the ship sinks - instead of helping people on board.
@interfluidity this is why I keep reccomending "The Unaccountability Machine" which explores that, how it goes very bad, and the fact we ignored people who knew this.