Getting even with China (Chinese commit to major increase in MBAs)
source: http://www.scholarsandrogues.com/2012/02/07/getting-even-with-china/
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- hoosierdaddy
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So why does this matter? Hah, look around. The US economy continues to suffer, and will for years, the ravages of a financial lottery designed and implemented by MBAs as taught in business schools. The notion that “shareholder value” should trump everything else came out of some business school. “Corporations as persons” is the business school wet dream. Business schools hate government regulation—particularly those that relate to, say, worker health and safety—which should, if recent evidence is anything to go by, have some appeal in China. You will virtually never find the notion of economic “externalities” in the course offerings of most business schools. The havoc wreaked on the US economy over the past several decades was coined and minted at US business schools—a model that China seems more than happy to adopt. If MBAs can do to the Chinese economy what they’ve done to the US economy, maybe the playing field will even up a bit.
