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Giuliano Giacaglia
@giu
My theory why institutions are failing and what the west is seeing. The managerial class (laptop class) is now running most of the institutions because money favors incumbents and big corporations. The result is institutions that are run by mids. Mids don't like the Bourgeoisie or the working class
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Phil Cockfield
@pjc
Hey @giu, if "bourgeois" means the "middle classes," in the modern world, the "managers" are going to be the "middle class," right? - so what's the working definition of "bourgeoisie" in this context? Is "bourgeoisie" closer to merchant/maker class that derives wealth from owning/running the business (aka principal)?
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m_j_r
@m-j-r.eth
while I generally agree, going back to @pmarca's reference to Henry Ford: Ford didn't invent the assembly line, Ransom E. Olds did. Ford didn't invent the Otto ICE, Nicolaus Otto did. while Ford was shrewd & ambitious, it seems that working, desperate ppl actually innovate that success. imho, this isn't nominal yet.
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JB Rubinovitz ⌐◨-◨
@rubinovitz
Did you read “the managerial revolution” by chance?
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moreReese
@morereese
Is it a fair summary to say that institutions are being run by the “Peters” of the world? Basically, a large-scale manifestation of individuals rising to their level of incompetence? https://www.investopedia.com/terms/p/peter-principle.asp#:~:text=Error%20Code%3A%20100013
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Qubyt
@qubyt
aka the new burgeoisie?
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