Thomas Depierre
Boomers are numerous. They use 401k. Tons of money go to buying shares. They buy 90% of all of them and never sell.
This is our reality. We rarely talk about it but it is. Not super rich. Your parents. Aunt. Old lady May down the road.
So share price globally always go up. Have always. For 30 years.
Which means middle management results have been wholly unlinked to their performance evaluation for 30 years.
No wonder our corps are totally unmoored from reality.
phiofx
@Di4na there are probably a few more factors at play, like the complete monetisation of society (in the sense that there is no value system outside money), the complete financialisation (every social relation / obligation becoming a contract that can be bought and sold).
This spreadsheet reality of the MBA lot is totally disconnected from society *and* environment. The boomer's generation is maybe the historical period this pattern took hold but the design has been at work ever since.
Thomas Depierre
@phiofx i would argue that you are probably inverting cause and effect.
It worked because there was tons of money that needed to *go somewhere*. So the financial industry created new product. Or more precisely, we could say they always tried but it only worked this time because there was so much money needing something to buy that everything stayed alive in these products.
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