BANKING & FINANCIAL INDUSTRY |
Engineers and Managers world |
THINKERS and ONLY THINKERS……………!!!!!!!!!!! |
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last activity : 07 06 2010 20:18:04 +0000
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Economics means production, and production meant machinelike meshing of society as it turned out goods(This will require Engineers and technicians to ensure the most efficient co-operation of the parts of the econom).
But where would the Businessmen fit into such a scheme?
Ideally there would be none. The machine was not concerned with values and profit, iit. ground out goods. Hence the businessmen has no function to perform unless he turned engineer. But as a member of the Leisure Class he was not interested in Engineering, he wanted to accumulate. This was not something the machine was set up to do at all. So the businessman achieved his end not by working within the frame work of the social machine, but by conspiring against it!. His goal was not to make goods but to create breakdowns in the regular flow of output so that values would fluctuate and he could capitalize on the confusion to reap a profit. And so on top of the machine like dependability of the actual production apparatus in the world, the businessman built a superstructure of credit, loans and make believe capitalizations. Below society turned over in its mechanical routine; above the structure of finance swayed and shifted. And as the financial counterpart in the real world teetered, opportunities for profits appeared, disappeared, and reappeared. But the price of the profit seeking was high. It was the constant disturbing undoing, even conscious misdirecting of the efforts of the society to provision itself ”.
__Thorstein Veblen
--“The Worldly Philosophers”
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