Mammon category archive
How Far Will Wells-Fargo? 0
Afterthought:
I’m certain that these sorts of shenanigans can be explained by the confluence of old-fangled greed and the new-fangled sophistries of the Chicago school of economics. This led to the poisonous theory that the first responsibility of a business is, not to the health of the business nor to its customers, certainly not to its employees, but to its stockholders. You know, those folks who don’t work there and don’t buy there and certainly don’t rely there, but own a few scraps of paper . . . .
A poisonous corollary led to the notion that it was perfectly okay for predatory “investors” (think hedge funds) to loot and destroy perfectly healthy businesses, so long as the “investors” come out holding bags of looted wealth.
Not that I’m perhaps a wee bit cynical or anything like that . . . .
The Appeal 0
Afterthought:
In thes new Gilded age, might it be possible that some persons have been allow to accumulate more wealth than is good for them, or for everybody else?
Pumped and Dumped 0
That someone has somehow become a “social media influencer” is no guarantee of credibility. Or integrity.
(Perhaps especially integrity.)
One more time, “social” media isn’t.
The Boy in the Bubble 0
After discussing the theory that we are living in some sort of simulation, Jonathan Wolf concedes that most of us are not, but some of us, most notably Elon Musk. Here’s big of his article:
Extremely rich people are often susceptible to the same affliction. We do not live in a pure meritocracy. Some unmeritorious people still get lucky, some very meritorious people get unlucky, and almost everyone is very, very good at certain things while simultaneously being terrible at others. For the extremely wealthy, though, it’s easy to build walls around themselves inside of which they know more about everything than everyone else.
In related news, Chris Williams takes a slightly less charitable view:
This man goes out of the way daily to prove that meritocracy is bunk.
Follow the links to see each writer’s reasoning.
Precedented 0
PoliticalProf sees historical precedent for Elon Musk’s arbitrary and capricious antics at Twitter.
Methinks his theory sheds some light on the mindset of the Musk.
Guilty! Guilty! Guilty! 0
Liz Dye comments on the guilty verdict against the Trump Organization for tax fraud. It is delightful reading. A snippet:
The Galt and the Lamers 0
Andreas Kluth posits that Elon Musk, many of his fellow filthy rich, and their admirers, see them as Randian superheroes. He suggests that this is not a positive thing. A snippet:
That might explain why Tesla founder Musk, Amazon titan Jeff Bezos and quite a few other hard-driving — and almost invariably male — tech tycoons adulate Ayn Rand.
Twits Own Twitter 0
Afterthought:
I spent many years as a corporate trainer, doing mostly management training. Based on how Musk has been exercising his stewardship (sewership?) of Twitter, I venture that he could benefit from the “Basic Supervisory Skills” course that I used to teach to newly promoted supervisors.
I also had the privilege to work for a number of good bosses who were an absolute pleasure to work for (and with, because a good boss knows how to make you feel as if you are working with him or her, not just for him or her); I also had three really bad ones.
I would not nominate Musk for the former category.









