economics teaches that it's an indicator of market inefficiency, demonstrating that the system we're supposed to have democratically chosen and managed for the benefit of all, is failing us.

They even have courses on Business Ethics!

Taught by

Fully agree. Despite what they preach, the choice to: maximize profits, pursue economic efficiency, and think that growth is good are very value-based, normative ideas. So far from the objectivity they claim to value. Even how these terms are defined and quantified require normative choices.

It is definitely a problem we don't push back on it. I also want to acknowledge how much has been invested by the uber wealthy to push this doctrine. Many econ and business schools are funded by right-wing ghouls like the Kochs.

This is not to say we shouldn't fight against it, just recognizing the tilted playing field we play on, as with all things that attempt to fight the system and those with power entrenched in it.

@SrRochardBunson @floridamarx

Economics is a pseudoscience. Business school is for wannabe economists who don’t want to join the priesthood.

This is not the problem, though - the problem is that we let them. These self-righteous nutbars have infected every level of society, posing as experts & coopting policy, with alarmingly scarce pushback...

No disagreements with any of that! (Issues, very much so.)

I'm not sure if most business programs actually try to label their harmful gibberish as science (though they may call it 'managerial science' or some other nonsense at times), but they certainly pretend to teach something useful, which they don't.

It's just narrowly applied neoliberal doctrine without even the attempt at rigour that economics programs gilt over their facades.

Cut costs, outsource, grow, ignore externalities and morals and fairness... then pretend you've done good for the world because greed is good for society.

Then take your MBA and beat workers - workers who have actual insights into the industry you have zero experience in - into submission with your lofty sounding words.

They are about coercion, and feeding into insecurity, making insecurity, exploiting insecurity, and how to lie and sell nothing of real value. It’s rarely about creating better customer experience.

Of course, these "externalized costs" Re often actually socialized losses & costs passed onto the general population, that is excluded from amy of the profits. Especially if they never are taxed or insufficiently so.

What do you think @FantasticalEconomics ?

#Capitalism #ideology #business #economics ##AntiCapitalist

Very aptly stated!

'The Art of Business Leadership"

https://rant.li/ashwin/