When I first started reading this I thought, here we go, another business article worshiping another billionaire investor who made it big on a tilted table. Then I read this quote from the investor being profiled:
“Politicians tend to follow the polls instead of their hearts or brains. They listen more to political consultants than to voters. Our short-term-maximizing politicians fail to tackle longer-term societal challenges such as climate change or unaffordable entitlement programs and the resultant on- and off-balance-sheet liabilities.”
Here we go. Translation: Wall Street is going to fix global warming, but it will cost you your Social Security and Medicare. And don’t pay any attention to that Democracy stuff, either.
It is a long article, but worth the effort. The author takes aim at the big business schools but does give a larger view of the problem. From the American Affairs Journal: