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KeithM 08/22/2009 02:07 PM Report
While interviewibg Jim Collins I have asked 2 questions: one, what impact would technology innovations have in his new business book; and two, why did he select 5 stages instead of 3, 4, or 6?
robdverity 08/20/2009 06:17 PM Report
RE - in your usual overweaned erudition you passed up a beautiful chance to chastise the financial wise-guys that trashed much of the western world's economy, with your, "If you ask me ppl of great pride or jealousy are gamblers intrinsically. You generally find them in the military or in sports. You do not want them in business."
But, alas, they are and unfortunately remain. Not one has joined Madoff as they should.
REMant 08/20/2009 02:47 PM Report
Proverbs 16:18-19 said two millennia ago: "Pride goes before destruction, and a haughty spirit before a fall. It is better to be of a lowly spirit with the poor, than to divide the spoil with the proud." Hubris referred to humiliating a victim thus taking advantage of the actions of the gods. It was deemed a crime because it tread on their prerogatives. Aristotle in Rhetoric defined hubris as follows: "to cause shame to the victim, not in order that anything may happen to you, nor because anything has happened to you, but merely for your own gratification. Hubris is not the requital of past injuries; this is revenge. As for the pleasure in hubris, its cause is this: men think that by ill-treating others they make their own superiority the greater." Ate, Greek for ruin, folly, or delusion, is the action performed by the hero, usually because of hubris, or great pride, that leads to death or downfall.
If you ask me ppl of great pride or jealousy are gamblers intrinsically. You generally find them in the military or in sports. You do not want them in business.
In any case, C. Northcote Parkinson, in one of his more brilliant essays, pointed out years ago that the monuments of the past - Versailles, Blenheim, the Houses of Parliament, St Peter's, etc - were all built long after the power that made them possible had waned.
But business as whole seems to grow like fractals, from iterated sub-division, some charmingly call the division of labor, and others would call bureaucratic aggrandizement. This is something Machiavelli lauded in his Disourses on Livy. It probably is the basis for the difference in opinion between mercantilism and free-trade, Keynesianism and classical economics, and it formed the basis for the sustained attack on the philosophical values (as opposed of course to those of many of the popes) of the church from that point on.
As for the US, it suffers IMHO from something of equally long recognition - the loss of virtue - which Gibbon made famous in his analysis of the decline and fall of the Roman Empire. Tho probably also from a surfeit of quacks.