The Problem of Academic Management

Ignore stock market valuations as irrelevant.  American business is in big trouble, and the cause is what I call “academic management” in government, politics, and business.  No major business is run logically anymore.

Politics definitely feeds off business, and the left has made a huge effort to control both business and the reporting of economics, but no one wants to talk about the 400-pound gorilla: the resulting bad management.

An old friend once said, “Big business exists for only one reason: to provide bonuses to middle- and upper-level management.”  He explained that the public, customers, employees, and stockholders are important, but only to be kept mollified in order to keep bonuses flowing.

Today, although his observation on modern management greed remains accurate, we’ve added intentional bad management, which is what I refer to as “academic management.”

When I was young, I recall that college professors were poorly paid and really just advanced teachers.  No one saw them as oracles.  Some may have been politically active, and some were published somewhere as relevant in the world, but they were a minority.

I don’t need to illustrate how that has changed.  Today, they are often very, very well paid, enjoy benefits few others enjoy, and — as long as they obey the hard left — are well respected and protected.  But they are rarely right on any practical scale — any scale of actually producing anything of value to anyone.

#AmericanThinker #Academics #Education #Stockholders

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