Dear Bob ...
In your recent column "Cwazy wabbits," you said:
Our biggest challenge is that economists don't understand macroeconomics the way Alcoa understands aluminum manufacturing. Worse, too many influential economists benefit personally from the approval of those who profit when a particular theory sets public policy rather than some other theory.
Which means economics isn't regulated by a culture of honest inquiry.
The real root cause is, of course, greed. The love of money is the root of all evil. There is zero chance of fixing that. Nothing has been accomplished in 6,000 years to stop evil.
So do we give every crook, bully, murderer, et al, a free pass? Or do we hold them responsible for their misdeeds and punish them? Even keep them confined in prison so that they cannot inflict further harm on society?
You might be amazed to learn that there are large numbers of bullies, sadists, and other types of psychopaths among managers, as well as those who are immoral, unethical, and pure evil, including greedy ones.
Just cause you have not run into them does not mean they are not there. I have suffered under way too many. My sample of management says about 5 percent are competent, 10 percent are benign, and the rest are scumbags or worse.
Since we can't touch, let alone fix, their root causes, we must hold them responsible for their own actions.
This is not a blame game. This is common sense. Stamp out evil to the extent we can, including among management. Not to do that is to encourage bad management.
Yes, it would be nice to eliminate the opportunities and incentives for them to do bad things. But they are still responsible for what they do.
Unfortunately the gold sacks bunch runs the government and has removed all constraints on their treachery.
And they design their own compensation systems, not us.
Dear Disgusted ...